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Increasing law firm profitability is not a one-size-fits-all solution. Nor is it simply instituting one or two law firm profitability tips and sitting back and hoping for the best. It is an ongoing process that requires diligence and a watchful eye on the current economic conditions surrounding...

The combination of shrinking client demand and growing firm expenses in today’s economy is disruptive to any law firm’s profit margin. Although the imbalance is unsettling, when you measure legal profitability instead of revenue, you gain better control over the firm’s financial position. When...