ALM Expands Regional Publishing Services
Exclusive agreement reached with Philadelphia Bar Association.
Legal news media company ALM has reached an exclusive publishing agreement with the Philadelphia Bar Association to produce the group‚Äôs annual membership directory; its quarterly magazine The Philadelphia Lawyer and the Philadelphia Bar Reporter monthly newspaper.
‚ÄúThey had worked with a different publisher since 2003,‚ÄĚ says Hal Cohen, publisher of ALM‚Äôs The Legal Intelligencer, a Philadelphia based daily law journal. Cohen will now act as publisher of the Bar Association‚Äôs publications under the new agreement. ‚ÄúOver the past few years we had talked about working together again and this year it came together and worked out. It helps us have a bigger stake in the legal community in Philadelphia.‚ÄĚ
ALM will now sell not only advertising but also copies of the association‚Äôs membership directory both in print and online. Financials relating to the deal, Cohen says, will not be released to the media.
‚ÄúIt‚Äôs a great revenue opportunity for us,‚ÄĚ says Cohen. ‚ÄúFor the Bar Association, we‚Äôre serving a critical function for them in producing and distributing their publications to their membership. For us, it also opens the door for other opportunities.‚ÄĚ
Cohen adds that ALM will now sell sponsorship for some Philadelphia Bar Association live events and the company will also be able to promote its own brand through the association-branded publications and products.
‚ÄúWe‚Äôll also help them create new digital products and enhance digital offerings,‚ÄĚ he says. ‚ÄúOne of the initiatives within this relationship is to create a much more robust online directory. We‚Äôll enhance mobile efforts and create digital editions of all their publications.‚ÄĚ
The online directory ALM plans to create will be a searchable database of attorneys in Philadelphia and the surrounding 5 county regions in addition to judicial information and opportunities to find in house counsel, among other things.
‚ÄúWe‚Äôll get some access to their membership database to market our products through email and direct mail,‚ÄĚ says Cohen. ‚ÄúWe‚Äôre also marketing our products through the products we‚Äôre helping to produce‚ÄĒlike the magazine and newspaper. They send out regular emails containing news and information to their membership, which we‚Äôll be able to market on and vice versa. We‚Äôre very excited about it and it really helps solidify the positions of both organizations within the Philadelphia legal community. It‚Äôs a starting point to build back up our relationship with the Philadelphia Bar Association.‚ÄĚ