At meetings and retreats, law firm partners openly discuss the implications of the continued recession that has resulted in fewer clients, lower revenue, reduced profits, and, ultimately, the need for fewer attorneys at the partner and associate levels.
Strategies That Keep Cash Flowing and Profit Margins Growing
Partners and their managing-partner colleagues should consider implementing the strategies enumerated in this article to maintain cash flow and improve margins.
By
Joel A. RoseThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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