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For many firms, cash is thin, and debt is king -- into the summer months. But a less seasonal, more enduring increase in debt has some firm managers biting their nails. During the growth spurt of the late 1990s, costs shot up as firms started to aggressively recruit lateral partners, launch new satellite offices and upgrade technologies. During the boom years, profits soared. But so did debt. It's reckoning time.
July 16, 2002 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
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