Business Development Strategy Richard Smith Business Development Strategy Richard Smith

Having Strong Project Management Skills Will Enhance Your Business Development Performance

Rainmakers treat business development as a disciplined process, not a series of random activities. Discover how project management skills can improve pipeline management, pricing confidence and client trust.

Strong business development performance is deeply linked to strong project management capabilities.

The above statement makes it sound like Smithy has finally lost the plot! So for this BD Tips Wednesday post, let me elaborate...

Business development is a process

In the world of busy professionals, business development is often a reactionary relationship-led process. You go to networking events, write the odd legal update, talk to referrals, etc. But rainmakers don't see it like that. To them, winning work consistently, pricing it confidently and delivering it profitably are not intuitive actions; rainmakers apply structure, discipline and repeatable processes to their business development.

To rainmakers, every business development opportunity follows a recognised workflow process:

✔️ Identifying the opportunity

✔️ Qualifying the client and scope

✔️ Developing the solution and value proposition

✔️ Preparing the proposal or pitch

✔️ Managing stakeholders and decision-makers

✔️ Closing, onboarding, and transitioning to delivery

This is not ad hoc, but a multi-step process that involves risk, resources, timelines and decisions.

Project management skills make business development repeatable and scalable

Strong project management capability teaches you how to:

  • Break complex opportunities into clear decision stages, making earlier and more confident go / no-go calls

  • Define scope and assumptions upfront, reducing pricing anxiety and preventing margin erosion before a matter even starts

  • Allocate time and resources deliberately, so business development effort is spent on the right opportunities, not the loudest ones

  • Set milestones, responsibilities, and decision points, keeping momentum through long sales cycles and multiple stakeholders

These skills shift business development from hopeful activity to intentional pipeline management, allowing you to scale beyond a handful of opportunistic pursuits without sacrificing quality, margin, or sanity.

Clients buy trust and confidence, not just capability

In-house counsel, management teams and procurement are not just assessing your lawyers' legal expertise, they also assess how well the work will be managed. Here, lawyers with strong project management capabilities can more clearly explain:

  • How the matter will be structured

  • How communication will work

  • How changes and scope creep will be handled

  • How timelines and responsibilities will be controlled

In turn, this builds the client's trust and confidence and becomes a differentiator between you and your competitors.

Process creates better business development assets

When business development and delivery are both process-driven, lawyers generate better inputs for future growth.

Well-managed engagements produce:

  • Clear outcomes linked to original objectives

  • Evidence of value delivered

  • Consistent language for case studies and proposals

Business development becomes cumulative. Each project strengthens the next pursuit, rather than every opportunity starting from scratch.

Takeaway

Strong business development performance is deeply linked to strong project management capability because it:

  • Turns business development into a disciplined, repeatable process rather than a series of ad-hoc, relationship-driven activities

  • Improves scoping, pricing confidence and risk control early, before margin is lost and expectations drift

  • Builds client trust and continuity from pitch to delivery, positioning you as a safe, commercial, and well-managed choice

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