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Strategies for Improving Your Firm's Profitability

By Joel A. Rose
July 29, 2010

The number one topic of discussion among most partners these days is the implications of increased competition from within and outside the legal profession, resulting in more firms chasing fewer clients, lower firm revenues, reduced profits and, ultimately, the need for fewer attorneys at the partner and associate levels. This article describes several strategies that managing partners and administrators should consider so that firms may help improve their profitability.

Develop a Short-Term Plan

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