Incorporate Business Principles Into Law Firm Management

, New York Law Journal


Barry Wolf of Weil, Gotshal & Manges writes: The financial crisis of 2008 brought about seismic changes in the legal landscape, resulting in a premier legal services market that is smaller and more competitive than ever. As the years have passed, the pressures have only continued to intensify. How can firms respond to this? One answer is to introduce business principles to law firm management.

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