Avoiding Extinction in a Turbulent Legal Market: Financial Hygiene Perils

The early days of 2003 have brought a stark reminder to the leaders of law firms: While strong law firms have experienced an exceptional level of prosperity and growth in a consolidating market, continued expansion and ever increasing profitability are not the only potential destinies for law firms today. As the high profile closures of long established firms such as Brobeck; Peterson & Ross; Hill & Barlow and others demonstrate anew, firms can fail.

6 minute read August 05, 2003 at 11:42 AM
By
Joseph B. Altonji
Avoiding Extinction in a Turbulent Legal Market: Financial Hygiene Perils

The early days of 2003 have brought a stark reminder to the leaders of law firms: While strong law firms have experienced an exceptional level of prosperity and growth in a consolidating market, continued expansion and ever increasing profitability are not the only potential destinies for law firms today.

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