Stat(s) Of The Week: Goodbye, Stranger
When attorneys go from outside counsel to in-house counsel, do they remember their old friends?
While law firms may assume that alumni who move in-house will look favorably on their alma mater when it comes time to doling out work, they shouldn’t count on it.
Above the Law recently surveyed more than 500 in-house attorneys about their outside counsel, including which law firms they use and how they choose those firms.
In-house lawyers were asked to rank seven factors in terms of relative importance when choosing a law firm. Former affiliation with a firm had the lowest average ranking among attorneys surveyed. More than half (59%) identified it as the least important factor when choosing a firm.
Law firms shouldn’t shutter their alumni networking events just yet, though. Relationships with individual attorneys were ranked among the most important factors.
Stay tuned for the full results of our Outside Counsel Survey this fall.
