Trying to weather the storm
As firms look at every possible way to ride through these tough economic times with the minimum of casualties, more and more are looking at ways of restructuring their business and finding new methods of raising finance, writes Colin Ives
The current economic environment is causing many law firms to reconsider their business structure and whether it is appropriate for the challenges ahead. Indeed, judging from recent conversations I have had with solicitors, many law firms are reviewing issues as fundamental as their business structure, remuneration system and funding of their organisation. All these matters are invariably inter-related and should not be considered in isolation.
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