Law firms must have a clear strategy to survive unparalleled change in the market
While the legal profession has seen a slight recovery from the dark days of 2008, the sector is still facing challenging times. This recession is unlike any other. The market is going through unparalleled change, is increasingly oversupplied and is facing mounting regulatory pressures. So what can law firms do to survive and prosper amid the turbulent headwinds? In my role, I deal with a diverse range of legal businesses, from magic circle to high street firms.
The businesses with foresight and ambition will outperform those unwilling to embrace change, says Tom Wood
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