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Recession Proofing Your Law Firm

Whatever term the economists use to describe the slowing pace of commerce, the real question is: how do you protect your law firm’s revenue stream when economic pressures are causing current and prospective clients to tighten their budgets?

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Everyone has heard the dueling economists debating whether we’re headed for a recession, or whether the Fed’s rate hikes will avert a recession, or whether we’ve already been in a recession for months. Does it really matter what it’s called when business slows down or clients cut back on new legal work?

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