12 August 2020
News
Free

BTI Consulting explains clients´ needs regarding RFPs

According to an article issued by BTI Consulting on the 15th of July 2020, after the beginning of the transition out of the COVID-19 pandemic, clients are now issuing RFPs (request for proposals), inviting small- and medium-size firms. In the US, legal decision makers are sending their RFPs to 9 – 12 law firms. 

6 points are emphasized regarding RFPs: 

1. Predictability and Certainty are demanded, regarding both time and money. 

2. New ideas and approaches are requested, as new ideas are the biggest benefit of the RFP process.

3. Customization is important, showing understanding and compliance for the clients´ workforce issues. 

4. Solutions are required, as clients are looking for a path forward and for risk management. 

5. A concise and brief proposal with a good strategy section is valuable. 

6. Fees should be fixed rather than per hours. 

To sum up, what clients are searching for now is a customized approach with predictability, as they run low on patience following the hardships of the coronavirus crisis. Thus, strategy and approach should be clearly highlighted in the RFP protocol, and fees should be fixed, saving discussions about hours or discounts, and meeting the needs of the clients. 

Copyright © The Impact Lawyers. All rights reserved. This information or any part of it may not be copied or disseminated in any way or by any means or downloaded or stored in an electronic database or retrieval system without the express written consent of The Impact Lawyers. The opinions expressed in this article are those of the authors and do not necessarily reflect the positions or policies of The Impact Lawyers.
Newsletter

Would you like to read more?

The Impact Lawyers offers a FREE newsletter that keeps you up to date on news and analysis about the international latest legal news.
Please complete the form below and click on subscribe to receive The Impact Lawyers Newsletter subscription

2
x

The Impact Lawyers Newsletter

  • Practical templates and guides for lawyers and law firms
  • Podcasts, videos and webinars explaining how to be sucessful
  • Tips made by lawyers and other practitioners