Rain Today has a nice article titled Making Successful Decisions with Competitive Intelligence. The article outlines the presentation by CI expert jillian Weisberg of The Thomson Corporation to the Rocky Mountain Chapter of the Legal Marketing Association.
Thomson research shows that law firms commony use competitive intelligence for six business development activities:
- When preparing for a meeting with a potential client
- When preparing a response to an RFP
- When identifying prospective clients
- When identifying cross-selling opportunities with key clients
- When evaluating a potential merger or practice group acquisition
- When deciding whether to open a new office or launch a new practice area
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