One of my favorite brand names is Kodak — probably because the story behind the brand is almost as good as the name itself. Visiting the Eastman house in Rochester a couple of years ago, I was mesmerized by George Eastman’s foresight in creating a brand that not only sounds right (like a camera snapping), but is a completely made-up name (so much easier to protect as a trademark).
According to the story, he wanted a simple name that was easy to pronounce and that would not be associated with anything but itself. He succeeded.
It’s a little different for professional service firms. Over the past decade, law firms have taken shape through branding efforts. Traditionally, these firms are named for their original founders and partners, but the trend seems to be using truncated versions of traditional names or the use of initials.