Rash Cost-Cutting Moves May Hurt Firms In Long Term

By Erin Coe

Law360, New York (November 17, 2009, 7:32 PM ET) -- While a steep drop in legal work has driven some law firms to hand out pink slips across the board and close offices in the U.S. and abroad, aggressive cost-cutting measures may put firms at a major disadvantage in the long run.

Even though law firms are being forced to slash spending to make ends meet, they need to avoid taking drastic steps that could keep them down as the economy starts to rebound, legal experts say.

Rather than going for a slash-and-burn approach, smart law...
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