Research conducted by experts from Harvard Law and Dartmouth reveals that law firm partners who participate in offsite retreats experienced a significant 30% surge in new work requests from their peers. This increase underscores the effectiveness of retreats in fostering inter-practice area collaborations. Within two months of these gatherings, firms reported generating $180,000 in new revenue as a direct result of collaborations spurred by retreat networking, highlighting the tangible return on investment from such activities.
According to the research, partners who attend offsite retreats experience a 30% increase in new work requests. This collaborative environment fosters networking among different practice areas, leading to actionable insights and revenue generation.
Notably, within the first two months after attending these retreats, firms reported an impressive $180,000 generated from new collaboration efforts amongst partners, showcasing the immediate benefits of such team-building activities.
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