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.
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.
By
Joel A. RoseThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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