Strategies for Coping With the Economic Downturn

Recessions have forced many law firms to make dramatic and, oftentimes, drastic changes. Managing partners are beginning to believe that the difficult business decisions that have to be made by some firms when planning for a recession will erode the sense of loyalty and close working relationships that once existed between partners and between partners and associates. Consultant Joel Rose describes several strategies that a managing partner should consider when developing a plan to survive a recession.

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