(Credit: metamorworks/Adobe Stock) Big Law Invests More in Alumni Networks, Seeing Returns in Business, Talent
Debevoise, Sidley, McDermott, Eversheds and Epstein Becker leaders say they have seen the benefits of a robust alumni connection program.
September 16, 2024 at 05:00 AM
6 minute read
Law Firm Marketing and Business Development
What You Need to Know
- Law firms are developing robust alumni networks to help facilitate bonds between current and former employees and clients..
- Experts say that firms pay anywhere from $100,000 to millions of dollars on these programs.
- Investing in alumni programming can help solidify client relationships and boost talent recruitment later on.
Large law firms have long used alumni networks as a way to maximize their client relationships and lawyer satisfaction. Now, firm leaders say, they view them as even more critical for business development, and big firms in recent years appear to be investing more time and resources than ever.
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