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LinkedIn Valued At $1 Billion: What It Means for Lawyers

Social networking is growing up.  The latest evidence: LinkedIn, a more staid, career-oriented networking site for professional advancement and interaction just closed a round of funding that values the company at $1 billion.  Though still a fraction of the $15 billion Facebook valuation, hitting the $1 billion mark represents a major milestone for the LinkedIn.

So what does all of this mean for lawyers?  More than anything, the LinkedIn valuation sends a message that social networking sites are here to stay and lawyers need to get on board.  And as Kevin O'Keefe pointed out last week at LexBlog, many lawyers have already gotten the message.  O'Keefe notes that 98,000 lawyers added profiles to LinkedIn in the last two months alone for a total of 216,000.  Moreover, a comparison of growth in traffic at LinkedIn and lawyer directory sites like Martindale and FindLaw shows that LinkedIn is "blowing them all away" says O'Keefe. (Of course, it should be noted that LinkedIn attracts visitors looking for all types of professionals, not just lawyers.)  The LinkedIn profiles are professional and show a lawyers' current place of employment, job history and other information that they choose to provide.

So... do you have a profile up on LinkedIn (or other social networking sites)?  If not, why not?

Posted by Carolyn Elefant on June 19, 2008 at 10:09 AM | Permalink | Comments (1)


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