This month and next, thousands of law firm partners will fly off to sunny resorts for trade group meetings and in the process spending tens of millions of dollars on airfare, hotels, meals, drinks, greens fees, even some behavior best not mentioned here. While some of the time spent away will create value by earning continuing education credit, it’s mostly an incalculable investment of non-billable time as the mid-winter and spring meetings of bar associations, law firm networks, practice-specific colleges, industry-specific legal associations and professional societies convene.
To maximize the value and potential return on this investment by you and your firm, we recommend you do the following:
Doing this gives you a reason for being at the meeting. It makes it far less likely you will sit in your hotel room half the day billing a few hours of work to lessen the guilt of the meeting’s considerable expense. Lawyers whom we have counseled to do this kind of advance preparation routinely report the meetings they set lead to additional unplanned meetings, new relationships and unexpectedly high returns on the time and energy they invest attending conventions.
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