This article focuses on the issue of expense management and its relation to cost recovery. Many firms over the past four years have been focusing on reducing expenses in an effort to ward off the effects of the recent economic downturn.
Raising the Bridge v. Lowering the Water: Expense Management and Its Relation to Cost Recovery
What many firms fail to take advantage of is the fact that, by focusing on the recovery of costs where applicable, they can accomplish more to help their bottom line than most cost reduction exercises.
By
Robert C. MatternThis premium content is locked for Accounting and Financial Planning for Law Firms subscribers only
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