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Firms Are Facing A Cash Crunch As Demand Falters

Law360, Grand Rapids (December 7, 2017, 10:41 AM EST) -- Some law firms are feeling a squeeze on the cash they have available for investments in the future as demand for firms' services remains sluggish and partners continue to expect ever-rising profit payouts.

A decline in cash capital among the second hundred largest law firms in the U.S. by revenue between 2015 and 2016 reflects a similar decline in demand among those same law firms, according to data from Wells Fargo. But pundits say that while midsize law firms are being hit hardest, there are firms...
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