It’s all over the news. Stock market declines, subprime mortgage mess, oil prices, decline in earnings. An uncertain time, causing uneasy speculation in the inner circles of most law firms — how will this affect us?

Will deal work slow down? Will litigation caseloads grow or decline? Does our bankruptcy practice have enough talent? Should we slow down recruiting? What about that unprofitable office in a promising region? How can we retain our important clients? Is there elasticity in our rates?

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