Lawyers turn to legal networking sites to save themselves from the current financial crisis

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) September 19, 2008 -- Toronto, Canada—September 19th, 2008—The current crisis on Wall Street has had much wider repercussions than just the financial markets. With the bankruptcy of Lehman Brothers, taking over of Merill Lynch by Bank of America and now with the US government stepping in to save AIG, thousands of jobs have been lost worldwide. Not just the employees of the respective organizations but service providers and vendors connected to these companies have all been affected.

Even lawyers working with financial firms and other companies who are directly involved in the current crisis have not been spared. Many lawyers have lost important clients and the ones who are directly employed by financial companies have lost their jobs completely.

But luckily for the lawyer community, the internet has come to their rescue in a big way. Since a year, legal networking websites have been growing in popularity and some sites like www.lawyerahead.ca & www.lawyerahead.com have seen over 120% growth in traffic from users requiring the services of a lawyer. Now these legal networking sites are witnessing a huge increase in the number of lawyers who provide help and legal advice to their online communities and also offering legal services to users who put up their grievances on these sites. Few lawyers even claim that they have stopped using traditional forms of marketing completely and are using legal networking sites to promote themselves and interact with potential clients.

This is not surprising considering registering in legal networking sites is free and premium services cost a fraction of what it would cost to traditionally marketing ones services. These cost savings can be passed on to the customer which creates a win-win situation for everyone.

canadian lawyers     criminal lawyers     divorce lawyers     law     legal     Personal Injury Lawyers     US lawyers