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5 Mistakes That End Law Firms

Law360, New York (May 12, 2017, 7:37 PM EDT) -- Although the end often comes quickly, law firms do not fail overnight. Having represented and tried to save troubled firms, we recognize an unmistakable pattern in law firms failures — they all seem to involve the same five mistakes.

1. Trying to Expense the Firm's Way Out of a Revenue Problem

Managing expenses is healthy for law practices — both strong and weak. The problems come when law firm management uses cutting expenses as a tool for masking a bigger revenue problem.

If firm revenue is...
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