NATIONAL PROPERTY TIE UP FOR LAWNET FIRMS
LawNet, the collaborative network for mid-sized legal firms, has teamed up with the Daily Telegraph Property Club in an exclusive affiliation to provide specialist legal input.
[UKPRwire, Tue Aug 19 2008] LawNet, the collaborative network for mid-sized legal firms, has teamed up with the Daily Telegraph Property Club in an exclusive affiliation to provide specialist legal input.
The Daily Telegraph Property Club is an online portal covering both residential and commercial property and the affiliation is predicted to provide significant new income streams for LawNet firms.
In addition to national exposure through the provision of expert legal content to the online portal, member firms are also providing advice for Property Club subscribers, with the opportunity to sell on their services.
The portal has secured almost 8,000 online subscribers since its launch earlier this year, and is forecast to exceed 10,000 by the end of 2008 – with around 75% residential, 25% commercial.
Others involved in the tie-up include Direct Line for Business, providing discounted property insurance, and the Royal Institution of Chartered Surveyors.
“Property markets are very tough at the moment and this is a key opportunity for our LawNet member firms to get national exposure and be associated with other high profile brand names, as well as the direct work generation,” said Helen Simpson, LawNet’s director of member services.
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LawNet was established in 1989 to enable a collaborative, non-competing national network where independent, medium sized law firms could access big firm resources and benefit from collective purchasing, shared knowledge, best practice and expertise.
The combined income of the 65 firms comprising LawNet is currently in excess of £250m – equivalent to a UK Top 15 law firm.
Independent research shows LawNet is most highly valued by members for delivering in six key areas – training, networking, insurance, business development, marketing and compliance. It currently places over £1bn worth of PI cover alone for members each year.
Members range from 6 partner to 39 partner firms, and each has an exclusive geographical operating area to enable collaboration.