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Reducing Headcount May Not Be the Best, or Only, Option to Weather an Uncertain Economic Climate

One of the lessons we learned — or should have — from the pandemic was that, from a market share perspective, if companies are not visible and in front of customers, it is hard for them to retain existing clients and prop up market share

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In an economic downturn, the easy option is to conserve and preserve cash by reducing headcount and slashing external vendors. And in the wake of recent layoffs by law firms, corporations, professional services and legal tech companies, it seems almost second nature to join your peers when the financials aren’t looking so good.

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Accounting & Financial Planning for Law Firms › May 2023 ›

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