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Law Firm Leadership: An Economic Stimulus Plan for Law Firms

By David Freeman

Wall Street and Main Street are not the only places that need a paddle to the chest. While many firms look to cut costs to stop the bleeding, this alone is not a prescription for a return to health.

Leaders who look beyond expense reports and headcounts to focus on finding and keeping great clients will provide the tonic needed for a vibrant recovery. Such revenue-driven leaders will put their groups in far better positions when the inevitable turnaround arrives. Just like our new President and Congress, leaders will have to take stock of the inventory of Economic Stimulus Tools to see which should be used, in what measure and at what times, in order to get the desired results.

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