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Law Firms Are Doing Just Fine, And That's The Problem

Law360 (May 21, 2018, 5:56 PM EDT) -- Ten years after the Great Recession sent the legal industry reeling, the majority of law firms have stabilized, but by focusing more on survival than on innovation, firms have left themselves open to newer, less obvious threats to this tentative status quo, a new report says.

Complacency, not calamity, poses the biggest risk to firms today, according to Altman Weil Inc.'s annual Law Firms in Transition Survey released on Monday. Absent a financial crisis or a particularly demanding client, firms are inclined to let inefficiencies fester,...
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