How Law Firms Can Stay Profitable While Clients Cut Costs

Law360, New York (March 26, 2014, 10:55 PM EDT) -- In any business situation, many forces are at work at the same time. The crosscurrents of economic influencers are ever present to drive results that are sometimes at odds, though sometimes in harmony, with each other. Fortunately, economic pressures on lawyers and clients alike are really not at odds with each other, but are aligned.

On the one hand, businesses are actively taking steps to control legal expenses. This effort has the joint goal for the client of continuing to receive high-quality legal services at a...
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