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As this year's economic drought stretches into midsummer, the technology sector and the IPO market have withered to husks and cash-strapped clients are shuffling law firm bills to the bottom of their in-boxes. The cash flows couldn't be thinning at a worse time. Many firms, riding the economic boom, expanded aggressively. And -- according to a study conducted by Citigroup -- to finance it all, they took on significantly more debt.
July 17, 2001 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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