Demand for legal services has shifted dramatically and quickly from two years of unprecedented growth and profitability to deep uncertainty and threats of recession. Most firms are employing a mix of budget tightening, layoffs, planned attrition, and conservativism in undertaking strategic initiatives. To sustain revenue and buoy profits without damaging the firm for the mid- and longer-term with excessive cost reduction and headcount reduction, a savvy portfolio of no- and low-cost business performance investments can be made even in times of economic uncertainty and slumping legal demand. We will discuss the potential damage in undertaking some of the tactics firms are employing and illustrate options that can not only sustain the firm but ultimately set it on a course to more sustainable profitability and deeper client relationships.
Learning objectives:
• Understand firm business operations, client relationship building, and talent sustainability options to increase profitability in periods of slipping demand
• Clarify no-cost and low-cost ideas and investments that should still be pursued even in a downturn.
The Cannabis Business Basics course is designed to educate attorneys who are interested in preparing...
Few parts of the discovery process are more intimidating than deposing an expert witness. Profession...
This course will help you deal with clients, opposing counsel, and the courts in a professional mann...
International commercial arbitration allows parties from different national backgrounds to, by conse...
Join Sheila Millar, leader of Keller and Heckman LLP’s consumer protection regulatory practice...
While many 340B stakeholders hoped last year’s federal court decision in the Genesis case rega...
The presenter will be describing her personal history of 20 years of drug use and 30 years of sobrie...
When lawyers represent clients in litigation, those lawyers assume the role of advocate. Of course, ...
Commercial landlords and tenants should understand the evolving case law related to available defens...
You have accepted representation in a defensive asylum case before the immigration court – now...