Many of the law firms that joined national and international networks to bulk up their bottom line are now finding the networks also help them remain independent and stave off the need to merge. Other pluses cited by law firms: increased business referrals, enhanced involvement with clients, and closer working relationships with other attorneys. But membership isn't guaranteed. In fact, one network says it's going to become more strict about membership eligibility and performance.
March 28, 2006 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Many Philadelphia firms that signed up for national and international networks originally joined to add to their revenue, but they are now finding that networks offer the ability to remain independent and stave off the need for a merger.
“It’s a way for the midtier firms to compete,” Scott Vernick of Fox Rothschild said. His firm is a member of Great Lakes Law, now known as Lexmark International.
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