Most law firms have a limited number of options to improve their profitability. They can ask their lawyers to work harder —which in many firms is a function of having the work to do, as well as a culture that inspires and rewards hard work. Another alternative is to cut costs but, for most law [...]
The economy is making a lot of firms nervous about the future of their traditional practice areas. So, it’s not surprising that firms want to look at “emerging” practices – areas where they might be able to establish a position of strength before competitors are even aware that the practice exists. But new niche practices [...]
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