Successful Law Firms Retrench During Downturns

Law360, New York (November 07, 2013, 4:00 PM ET) -- As the U.S. government turns from shutdown mode to the long haul of spending reduction, law firms should follow this trend to further refine their financial and organizational structures. The mantra for law firm leadership today should be, “Don’t let go now!” Use the economic impact of a government shutdown and subsequent cost-cutting agenda as an opportunity to re-examine what worked, what still needs attention, and what new ideas have emerged from the recent recession.

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