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Improving Law Firm Profitability Without Working Longer Hours or Raising Rates

By Joel A. Rose
November 01, 2003

 

Last month, in Part One of this article, I discussed three major approaches to enhancing law firm profitability: expanding your client base; assertively managing billing, receivables and payables; and unbundling operating costs from bills for fees. Previously, in the August 2003 edition of this newsletter, I described a fourth major profitability approach: management of alternative billing strategies.

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