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As law firms enter the last quarter of 2021, the very cloudy and opaque future that prevailed in January has cleared considerably. Many firms are projecting that 2021 will be an improvement over 2020’s overall 6.6% average revenue growth and 13.4% PPEP growth, which in January was not the common wisdom.
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Know When to Hold ’Em And Know When to Fold ’Em: 4 Questions to Ask When Thinking of Merging
By J. Mark Santiago
Deciding to merge is a process that is best undertaken when a firm has as much information as possible about what their objectives and desired outcome is. Developing that information is best achieved by answering four questions.
New Approaches to Outsourced Labor
By Ben Schmidt
Employees are the lifeblood of an organization. Companies, including law firms, are rightfully attempting to navigate what the past two years have meant to the labor force and make sense of the changes to the landscape so that they can successfully manage their businesses. Included in this mix are outsourcing service providers.
The Biden Administration’s 2023 Budget: Déjà Vu All Over Again
By Lawrence L. Bell
The Treasury’s Greenbook commenting and explaining budget recommendations for FY 2023 raises warnings of tax increases. But what are the odds Congress passes anything before the midterm elections this November? This article presents a summary of the proposed tax increases and the likelihood of these provisions being enacted into law.
Law Firms Reviewing Contracts to Battle Inflation
By Phillip Bantz and Trudy Knuckles
As inflation worsens, legal chiefs and their in-house teams are stepping up and finding ways to help their companies tamp down a vast array of price hike fires. And a significant part of that work is reviewing contracts with service providers, clients and other business partners.
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