Prospering in the 'New Normal'

<b><i>Raising Costs and Declining Demand are Sapping Profits</b></i><p>The “New Normal” of today is one in which raising operating costs, associate salary increases, and reduced realization rates coupled with AFAs and demands from corporate counsel for reduced rates are sapping firm profits and there is no relief on the horizon. Law firm leaders, seeing current conditions, should be asking if there is a better way.

9 minute readJune 01, 2018 at 12:09 AM
By
J. Mark Santiago
Prospering in the 'New Normal'

Over the past several months, the following headlines have appeared in the legal press:

  • “Demand for attorney services has declined for the third consecutive quarter”
  • “RPL grew at a 1.5%

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