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Improving Law Firm Profitability

<b><i>Without Working Longer Hours or Raising Rates</b></i><p>In today's competitive environment, the profitability challenge to law firms is to increase profits while reducing clients' legal fees. This two-part article provides dozens of specific, workable ideas for enhancing profitability, leaving aside the played-out (and problematic) methods of working longer hours and raising hourly rates. This month's article offers ideas in the following categories, which together offer the greatest opportunities for profitability enhancement.

19 minute read October 01, 2003 at 12:04 PM
By
Joel A. Rose
Improving Law Firm Profitability

Part one of a two-part article

In today's competitive environment, the profitability challenge to law firms is to increase profits while reducing clients' legal fees.

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