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Make Money Monday: Give Cold Calling a Try

About eight years ago, I interviewed an Executive Recruiter for a mini-podcast on the how-to’s of cold-calling.  To quickly access the interview click here.  Although I’ve sung the praises of cold-calling for decades, it still hasn’t caught on much with lawyers even though it’s one of the best ways to find business quickly. Nor has cold-calling gone out of style because what jogged my memory is this piece in Entrepreneur which offers some additional tips on how to use cold calls effectively – such as advance research, educating the prospect and of course, follow up.

I realize that these days, few people use the phone at all, preferring email or even text. No matter – that just makes you stand out even more by making cold calls. And generally speaking, lawyers are ethically barred from cold-calling potential clients selling their services – for doing so could be characterized as a prohibited direct solicitation.  But there are plenty of other ways to generate business leads other than calling a client directly that are perfectly permissible. For example, lawyers could use cold calling to:

  • introduce themselves to potential referral sources or invite colleagues to lunch;
  • ask for referrals for overflow work or contract work;
  • let a contact know that you’d like to send them a recent brief or white paper that your firm published 

When I started out, cold calls helped me find some of my first clients by sending them copies of an article that I’d written and also put me in touch with lawyers who sent me business. Later on in my practice, a cold call connected me to an attorney who eventually agreed to handle a matter of constitutional significance on a pro bono basis for a group of clients.  On the other hand, I’ve also been off-handedly dismissed or even asked pointedly “I guess businesses must be slow.” And of course, some folks are unavailable or won’t call back. 

Have you ever tried cold calling? Share your experience below.

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