Evolving client demands and economic circumstances can create space in the budget for your law firm to explore untapped opportunity.
“Everything in law is based in precedent, but business is forward-looking—smart law firms know this and apply data to their strategy. Every firm’s a little bit different, but it could be an opportunity to grow intelligently in certain pockets where they will be able to facilitate growth down the road as well,” said Patrick Fuller, the vice president and general manager of ALM Intelligence. “Whether it is getting talent at a reduced cost or moving into markets where maybe it was not quite on your radar before, there are opportunities for growth.”
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