Cranking up your content marketing:
What GCs want.
“Firms need to stop thinking about GCs and CLOs as lawyers and instead approach us as legally-minded business owners -
but many just aren’t there yet.”
Chief Legal Officer at a leading US Cloud Services Firm
How can firms approach GCs & CLOs as legally-minded business owners?
SAM PAGE
MARKETING DIRECTOR, PASSLE
GENERAL COUNSEL SURVEY 2023
How General Counsel for the world's largest businesses engage with thought leadership.
How can firms approach GCs & CLOs as legally-minded business owners?
100 GCs AT LARGE FIRMS
US
UK
0
20
40
60
Less than £10m
£10m to £100m
£101m to £500m
£501m+
Breakdown of respondents by business revenue
50:50 SPLIT BETWEEN UK & US
US based
50%
UK based
50%
Breakdown of responding GCs by region
Financial Services
13.1%
Retail
13.1%
Healthcare/Pharmaceutical
12.1%
Oil & Gas
12.1%
Technology/Media/Telecoms
12.1%
Infrastructure
11.1%
Manufacturing
10.1%
Professional Services
9.1%
Public Sector
7.1%
Law Firm
0%
Other
0%
Breakdown of responding GCs by industry
ABOUT THE RESEARCH
THANKS TO OUR RESEARCH PARTNER
THANKS ALSO
PHIL McGOWAN
GLOBAL DIRECTOR, CORPORATE COMMUNICATIONS
HOW & WHY GCs
CONSUME CONTENT
CONTENT BEST PRACTICES
IMPLICATIONS
FOR FIRMS
HOW & WHY GCs
CONSUME CONTENT
CONTENT BEST PRACTICES
IMPLICATIONS
FOR FIRMS
HOW & WHY GCs CONSUME CONTENT
GCs TYPICALLY SPEND
MORE THAN 8 HOURS PER WEEK
CONSUMING CONTENT
9 to 12 hours / week
34%
13 to16 hours / week
29%
5 to 8 hours / week
16%
More than 16 hours / week
14%
1 to 4 hours / week
7%
How many hours per week do you spend staying up-to-date with industry news and developments
ENGAGEMENT HAPPENS ON THEIR TIME
0%
25%
50%
75%
Weekends
Weekdays after work
During lunchtime
Between meetings
Before work
While commuting
In spare downtime
During the working day
Typically, when do you keep yourself updated with
current developments in the Legal sector
(% of respondents that indicated each answer, multiple answers allowed)
WHY ARE GCs
CONSUMING CONTENT?
0%
5%
10%
15%
20%
To identify business opportunities
To generate thoughts/ideas
To support arguments
To find solutions to legal challenges
To keep up-to-date with current legal issues
To keep informed about industry appointments
To identify business threats
To keep up-to-date with case law
To assess the suitability of an advisor
What is the top reason you review content relating to news and developments in the legal industry
HOW & WHY GCs CONSUME CONTENT
How can firms approach GCs & CLOs
as legally-minded business owners?
HOW & WHY GCs
CONSUME CONTENT
CONTENT BEST PRACTICES
IMPLICATIONS
FOR FIRMS
SINGLE-FORMAT CONTENT EXCLUDES MORE THAN 80% OF THE MARKET
Podcasts
14%
Webinars
13%
Newsletters
9%
Research/Whitepapers
8%
Tweets
7%
Lectures
7%
Email Alerts
6%
Feature Articles
6%
Video
5%
Press Releases
5%
Website Content
5%
News Items
5%
Graphics
4%
"Which content format do you use most often to stay up-to-date on industry developments and best practice"
QUALITIES OF GOOD CONTENT
% of respondents that rank each quality either "important" or "very important" when it comes to thought leadership
0%
25%
50%
75%
Include sources
Produced by a legal expert
Actionable reccomendations
Timely
Detailed
Relevant to my needs
Brief
Uses media (infographics, video, etc)
Agree
69%
Disagree
31%
69% OF GCs PREFER INSIGHT AND OPINION OVER INDUSTRY SUMMARY
"I'd prefer my law firm to give me their own insights on industry developments rather than summarise general industry thinking"
95% OF GENERAL COUNSEL
ASSESS A SUPPLIER'S WEBSITE DURING SELECTION
"When you last engaged a legal supplier, which of these best described your assessment of their website?"
Partially Reviewed
54.3%
Fully Reviewed
40.7%
Not Reviewed
4.9%
KEEP WEB CONTENT FRESH
"How frequently do you review the websites of your legal services suppliers?
0%
10%
20%
30%
40%
Daily
Weekly
Monthly
Less than monthly
Never
CONTENT BEST PRACTICE
How can firms approach GCs & CLOs
as legally-minded business owners?
HOW & WHY GCs
CONSUME CONTENT
CONTENT BEST PRACTICES
IMPLICATIONS
FOR FIRMS
CONTENT IS SEEN AS A SUPPLIER'S RESPONSIBILITY
40%
Consider it a significant element of supplier responsibility
40%
Consider it a reasonable element of supplier responsibility
20%
Consider it a minor element of supplier responsibility
To what extent, if at all, do you feel your supplier law firms have a responsibility to keep you appropriately informed about news and developments in the Legal sector?
THERE IS OPPORTUNITY IN KEEPING THE MARKET BETTER INFORMED
Only 1 in 12 GCs surveyed thought law firms worked hard enough to keep the market informed with relevant, timely, website content
61% OF GENERAL COUNSEL
PREFER FIRMS THAT DEMONSTRATE SUBJECT MATTER EXPERTISE
0%
10%
20%
30%
40%
Agree strongly
Agree slightly
Neither disagree nor agree
Disagree slightly
Disagree strongly
Our firm would prefer to work with a supplier that demonstrated relevant subject matter expertise
0%
10%
20%
30%
40%
Agree strongly
Agree slightly
Neither disagree nor agree
Disagree slightly
Disagree strongly
48% OF GENERAL COUNSEL WILL ONLY WORK WITH FIRMS THAT DEMONSTRATE SUBJECT MATTER EXPERTISE
Our firm would not hire a legal supplier unless they were demonstrating subject matter expertise
64% OF UK GCs WOULD SEEK OUT A LAWYER BY NAME IF THEY READ THEIR CONTENT
Agree
64%
Disagree
36%
64% OF UK GCs WOULD SEEK OUT A LAWYER THAT WROTE CONTENT
I am more likely to ask to speak to a lawyer by name if I've read relevant articles by them
IMPLICATIONS FOR FIRMS
How can firms approach GCs & CLOs
as legally-minded business owners?
How can firms approach GCs & CLOs as legally-minded business owners?
How can firms approach GCs & CLOs
as legally-minded business owners?
How can firms approach GCs & CLOs
as legally-minded business owners?
How can firms approach GCs & CLOs
as legally-minded business owners?
“As a major global business, I engage law firms in many countries...
...it would be helpful if they were able to proactively share updates that were timely and relevant to me, and that would certainly be
something that would make them stand out.”
President, Legal at a $70bn Global Petrochemical Corporation
How can firms approach GCs & CLOs as legally-minded business owners?
SAM PAGE
MARKETING DIRECTOR, PASSLE
GET THE FULL RESEARCH
General Counsel Survey 2023
GET THE SLIDES
Q&A