Tuesday, August 25, 2009

Network of Small, Midsize Firms Look for Opportunity in Hard Times

Network of Small, Midsize Firms Look for Opportunity in Hard Times
It is always nice to read an article that supports your views. This article comments on the virtues of law firm networks, and I completely agree. Good law firm networks are formalized and structured "best friends" relationships that are maintained in large part by a professional staff at the network level. Of course, as with any best friends relationship, you get out of the relationship what you put into it. The same is true of law firm networks. You get out of them what you put into them. Thus, there are still costs to maintaining a firm's presence in a law firm network. These costs include, network dues, the cost of attending network meetings, and the costs of participating in network sponsored programs and activities. All things considered, however, these costs are usually less than those required to maintain a series of ad hoc best friends relationships.

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