Page 72 - The Handbook - Legal and Accounting Networks 81
P. 72
Law and Accounting Networks and Associations

opportunity give the costs are practically zero. All that the Internet has done is make the networks easily
accessible; it has not generally raised their profile. This will be changing with AILFN.299

Exhibit 8 – External Marketing and Brand Development

Budget Level 1 Level 2 Level 3 Level 4
Website
No No or very limited Yes Significant
No Yes – Directory Yes – directory, Yes – directory,
interactive, interactive, third-
External Marketing Materials No No member-focused party focused
Yes Yes – coordinated
Media Kits No No throughout network
Brand Name Use by Members No Referenced on Yes Yes
website Yes – prominently Brand name in firm
Client Seminars No displayed on name or is firm name
Client Webinars No No website
Event Sponsorships No Yes Yes
No Yes Yes
Research Grants No Some small events Yes – golf, auto
Awards No No races, etc.
No No Yes
Trade Publication Advertising No Some – student Yes
Business Magazine Advertising No No writing contest
Television Advertising No No Yes Yes
Foundations No No No Yes
No No Yes
Some Yes

Alternative Marketing Strategies – Awareness and Engagement

Alternative marketing strategies leverage the reputation of the network and of each of its members though
associations with other organizations. This type of association basically states, “this network must be good if
X organization would associate with it.” The other association must also derive a benefit, which can be

financial or strategic in nature.

In order to form these types of relationships with other associations, the network must not only have a positive
reputation but also be able to offer something. There must be a reciprocal relationship. This is particularly true
if the other association or group is much better known. The same premise could apply to associations. A
number of these relationships can be cited. For example, Lex Mundi has a relationship with the Association of
Corporate Counsel (ACC) to assist them in recruiting. The local firms host a CLE course that is co-sponsored
with the local ACC chapter. The costs are paid for by the member firm. Both the firm and the ACC chapter get
exposure.300 Another example is the SCG Legal, which has an agreement with Thomson Reuters to produce a
book on lobbying.301 World Services Group members have contributed to the World Bank’s Desktop
Reference.302

When a firm places the network’s logo on its letterhead, brochure, or business cards, it is externally marketing
the network. Each is a marketing piece for the membership and demonstrates its international connections.

299 One of AILFN’s primary objectives is to use social media to educate the profession. See AILFN, YOUTUBE, www.youtube.com/watch?v=-
9Rh7fGcw4k.
300 This idea has been extended in 2013 to regional briefings such as developments in Africa. Press Release, PR Web, Lex Mundi and the Association
of Corporate Counsel (ACC) Present Series on Investing in Africa, PR Web (Oct. 17, 2013) (www.prweb.com/releases/2013/10/prweb11243656.htm).
301 SCG LEGAL, LOBBYING, PACS AND CAMPAIGN FINANCE: 50 STATE HANDBOOK (2016).
302 Network Wire Newsletter (World Services Group), 3rd Quarter Issue, 2008, www.worldservicesgroup.com/networkwire_2008_3.asp.

60
   67   68   69   70   71   72   73   74   75   76   77