Skip to main content

Tuesday, February 25, 2020

Traveling to Europe a few times for work over the last couple years made me realize just how myopic I’ve been in looking at the size our market.

Until traveling overseas, I looked at the U.S. as our market. We could go down and up in law firm size for customers, we could develop new products and we could look at customers other than lawyers and law firms, such as organizations.

All the while though I am swimming in the same sized pond, competing against the same crowd.

The competing crowd, which once blew off blogs as ill fitting for legal, selling at too low a price to make any money, and not understanding blogging themselves as an impediment, has gotten a lot bigger. Not that our blog product isn’t better than the competition’s, it is, but unknowing people buy inferior stuff.

Introduce our products overseas and our pond grows by multiples. The U.S. is only the third largest country in the world. Introducing our products into the main five Anglo countries, alone, would increase our market by 50%. Let alone a world market which would grow our market by multiples.

Not say selling overseas doesn’t have its challenges.

  • Smart law firms in the states have built their reputation and grown business by sharing their intellectual capital for a long time. Blogs just changed the way it was done. It’ll take some leg work to see how open lawyers overseas are to giving away their intellectual capital. My gut says they are, particularly in the UK, just a decade behind the states in doing so online. A decade behind is good for us.
  • Cultures are totally different from country to country. The legal and business culture will differ as well. When Howard Schultz took Starbucks overseas he did so with partners in the foreign countries. When he went alone, I think it was in Germany, Starbucks first entry was a failure.
  • Legal ethics rules. What’s allowed? What isn’t? What apologies should be drawn to cross the chasm before acceptance?
  • LexBlog is a known and trusted brand in the States. That’s not the case overseas. Sure I was recognized at some legal tech and innovation conferences in Europe. But I don’t believe I can get in the door of large and credible law firms, by emailing that I am in town and I’d be remiss if I didn’t let their leaders pick my brain on blogging and networking through the net.
  • Sales people. Who’s going to travel overseas, regularly? Is there someone located overseas already who could help us?

We do have some things going for us.

  • Our platform is language agnostic. LexBlog’s managed WordPress platform is being used by customers in multiple languages, including in Chinese dialects and in Arabic. The front and backend can easily be set per language.
  • LexBlog is publishing data in the form of text and meta data to give the text more morning. This is in contrast to legal publishers having to interpret, index and publish the law, and its nuances. Our platform customers interpret and publish the law.
  • WordPress owns the content management system (CMS) market with nearly 70% of the websites using a CMS running WordPress. Our market knows and uses WordPress. What we’ll deliver will be intuitive and easy to run.
  • LexBlog scales. We believe, to a fault, in the art of a product, versus an agency model. We can deliver and support growth – including regular core upgrades and feature enhancements.

Thinking about foreign expansion, we may have something on hand to gain a beachhead overseas. Our Syndication Portal product.

We approach an organization comprised of lawyers, an equal of a bar association in the States. Take The Law Society in the UK.

We look at the existing publications kicking out an RSS feed being published by members of The Law Society. Our Portal product would generate an aggregated display of content (later curated), with profiles of the professionals, their organization and their publication.

The benefits to The Law Society include shining a light on members, a body of law for legal professionals and the public, and new publishing revenue for The Law Society.

For LexBlog we gain recognition as a trusted publisher and a position to grow the number of legal professionals blogging or amendable to moving existing publishing to our platform. Those professionals looking for additional exposure overseas beyond the UK, would pick the exposure up through LexBlog’s growing network.

Who knows, maybe I am missing something here. But it seems a return visit to The Law Society in London is in order – after doing some leg work on UK legal publications with an RSS feed. If there are few, if any, we may need to develop an option B.

Comments

Popular posts from this blog

LexBlog Con Can Provide Legal Companies and Law Firms an Opportunity to Connect With Influencers

Imagine a “LexBlog Con” where leading legal brands from startups to traditional larger players to law firms are offered the opportunity to connect with legal bloggers. After all, legal bloggers are quickly supplanting reporters and traditional media as the influencers of our legal community. From a blogger attendee, today, at BlogHer19 in Brooklyn. Day 1 of @BlogHer was wonderful. So many amazing brands to connect with #blogher19 #blogherpro #blogherlife #blogherstyle #blogherhealth19 #womenslifestyle #lifestyleblogger #lifestyleblog pic.twitter.com/IIcVrg9apz — Mademoiselle Skinner (@guestlistblog) September 18, 2019 There may not be a better way for legal industry companies to connect with the biggest influencers in legal than a conference of legal bloggers, ala LexBlog Con. LexBlog Con could start as simple as BlogHer did years ago and, as we had discussed for this last year, as a larger meetup of legal bloggers for a day of blogger education and networking. But ...

Election Coverage Now Comes From Blogs

Election coverage now comes from blogs. Whether they be blogs run by the mainstream media, blogs that have the status of mainsteam media, such as FiveThirtyEight , blogs published by legal commenators, or citizen bloggers, blogs dominate election coverage. In addition, what Americans read on social media is often a report originally published on a blog. This was not the case not that long ago. Sixteen years ago, the Boston Globe’s Teresa Hanafin , reporting from. the Democratic National Convention shared the following: They don’t have space in the media pavilion, and are forced to pay exorbitant prices for lunch at the press café – unless they are willing to wait in long lines at McDonald’s in the FleetCenter or bring their own food. The crowded workspace they do have is in the rafters of the convention hall, which they would be sharing with pigeons if this were the old Boston Garden. Who are they? They are bloggers: Those who write weblogs, online journals of sorts with regu...

Baker McKenzie : Content is Our Conversation With Clients and Audience

Content for lawyers is the currency of engagement. Content is not the end goal. Leah Schloss , Baker McKenzie’s associate director for North American communications, as part of Baker’s being recognized as the leading law firm in Good2bSocial’s The Social Law Firm Index shared: We want our content to resonate with people. We don’t want to put out content that people aren’t engaging with. The content we put out there is for our clients and what they say they need from us. We think of our content as part of a conversation with our clients and audience . (Emphasis added) The end game in legal blogging is not to publish a blog post. That’s just a start. The conversation – the dialogue which ensues from “content” is what leading bloggers are after. It’s from this engagement that reputations and relationships are born. Attending a social event for networking, lawyers keen to business development are not focused on the words they speak – the content – they’re focused on the conversa...