Accountancy marketing case study – From client referrals to sectors and social mediaPosted on: September 8, 2017
Wilson Wright (established in 1893) is a nine partner accountancy practice based in Holborn Circus in London serving both private and commercial clients. In 2016 it won the British Accountancy Award (BAA) for Independent Firm of the Year (Greater London) and is currently shortlisted for Mid-Tier Firm of the Year. Yet it has only recently appointed its first marketing and business development manager. This accountancy marketing case study looks at how it achieved its past success and what it hopes new methods will do to enhance its performance.
The partner perspective
Jamie Grossman joined the Wilson Wright audit team after qualifying with Ernst & Young in September 2003. He was made an audit manager in April 2006 and became a partner two years later.
“When I joined the firm I was told that over 95% of our work came from existing client recommendations and word-of-mouth – and that business development was about building long term client relationships. In more recent years, we have looked to become more proactive in building the profile of the firm. Unlike some practices where there is a reliance on one or two rainmakers, all partners here participate in business development although we do play to our different strengths”.
“Because we generate so many referrals from clients we have developed a reputation in a number of diverse areas such as charities, property, recruitment, professional service firms and the creative sector. Personally, I have a sports niche and act for over 35 top footballers. The firm also serves those in the film and fashion world too. In addition to offering core accountancy services, our tax specialists tackle complex tax matters usually reserved for the Big Four practices. This includes work on corporate restructuring, share schemes and offshore trusts.”
The marketing professional perspective
Sophie Hainsworth, who previously worked at KPMG and law firm Fisher Meredith https://www.kimtasso.com/legal-marketing-case-study-fisher-meredith/ joined Wilson Wright recently.
“Wilson Wright impressed me for a number of reasons. First, it is a long established firm with a strong track record and it has achieved this success without an in-house marketer, although it has used some external agencies. Second, it has an independent financial planning business called Mulberry Bow which has some fantastic branding (“An FD for your personal life”). Third, it is a Xero Gold partner showing that it has a high level of expertise in this accountancy software. Fourth, it has many long term client relationships and staff retention rates are extremely high as well. Fifth, the firm does a lot of international work whether this is setting up businesses here or overseas – in fact over half of our web traffic is from the USA”.
“The firm is well known for tech start-ups in London and we organise discussion dinners for the CEOs of tech businesses. We have company formations specialists. The firm’s strength in property means we have both PropTech and FinTech clients. It also has a specialism in medical research and technology”.
“With databases to keep clients and contacts informed about developments, we will be investigating the impact of GDPR on our email and e-marketing operations – particularly the distinction between keeping clients informed and pure marketing and the impact on collecting emails when people download material from the website”.
“In terms of the future strategy we intend to strengthen awareness of our sector specialisms and extend the excellent relationship management into the online space. I hope we can achieve a larger social media presence – and this means developing our content strategy – across all platforms, including Instagram – my favourite.”
- UK accountancy market trends
- We’re all change managers in professional services
- Accountancy marketing case study – Grant Thornton and Lexis® Interaction® aligning partner KPIs with business objectives
- Strategy workshop: Skills, resources, involvement and tools for the journey
- Book review: Effective client management in professional services – How to build effective client relationships by Jack Berkovi
- Accountancy marketing case studies – Strategy and relationship management at BDO, Grant Thornton and RSM International
- Effective social media for accountants
- Client feedback – Legal and accounting client feedback from Aframe, Argus Media and Santander (October 2015)
- 10 steps to create a business development campaign
- Dear fee-earner, Love from Leeds: Why you should allow your marketing and business development team to help you to develop campaigns
- Referrer management – Back to basics and the role of social media
- Being more strategic – Six insights (Bias, Data, Complexity, Tolerance, Journey, Skills)
- Content development – Get blood out of a stone
- Book Review – The Thought Leadership Manual by Tim Prizeman
- Referrer management strategies: Plan, target, focus, research, relationship, add value and let go (Manchester, 2016)
- Be more strategic – Look to the stars and keep it simple sailor
- What’s right to write? Highlights from a persuasive writing for business development workshop
- Strategy development insights: Curiosity, challenge, creativity, co-creation, culture and change
- Accountancy marketing case study: Haines Watts accountants “For Love or Money” thought leadership campaign
- Future Marketing Manager – Brands, plans, teams, curiosity and creativity (April 2017)
- Book review – “Strategic tendering for professional services” by Matthew Fuller and Tim Nightingale
- Differentiation strategies and innovation
- Why Client Experience Management CEM is all the rage…
- Book review: How to become the firm of choice by Robert J Lees and August J Aquila (strategy development)
- International relationship management – Highlights from a talk by Allan Evans at BDO accountants
- Accountancy marketing case study – Manufacturing and engineering benchmarking thought leadership at MHA
- Part one – Why? Twitter for lawyers, accountants and surveyors
- Part Two – How? Introducing Twitter to lawyers, accountants and surveyors
- Strategy silos – is marketing guilty too? Align, integrate, focus, educate and champion
- Help your lawyers understand and engage with social media effectively
- Strategic drift – a risk for partnerships
- Four themes in referrer management – for lawyers and accountants in the UK and internationally
- Book review of Better Business Relationships by Paul English of Grant Thornton International
- Key Account Management KAM in a nutshell
- One more time – Why is social media helpful for lawyers, accountants and surveyors?
- Cross-selling – The Big Questions
- Reasons to invest in a Key Account Management (KAM) programme
Category: Accountants, Kim's Blog, Marketing, Relationship Management, Social Media
Tagged: Accountancy case study, Accountancy marketing, Accountants, Brand, branding, Business Development, Business relationships, Careers, Client relationship management, Client service, Content Management, CRM, Email marketing, GDPR, Marketing, Recommendations, Referrals, Referrer management, Sectors, Social Media, WOM, Word of mouth