The post yesterday by my colleague Brian exposed some interesting ideas about maintaining profitability. Another one of my colleagues, Bo Yancey, previously published an article in the 2009 LexisNexis Business of Law Insight on a related topic, exploring various 2009 scenarios to "right size" firms in the face of reduced demand and downward pressure on pricing. Bo draws a similar conclusion to Brian's assertions - the four scenarios he addressed in the article show that firms cannot maintain profitability by just reducing associate headcount, and he encourages firms to explore structural leverage.
For the full 2009 Business of Law Insight with relevant articles and detailed data please visit the LexisNexis Bookstore at http://www.lexisnexis.com/store/catalog/productdetail.jsp?prodId=prod1010840.
And for more of our insights on leverage, please click the Leverage tag in the tag cloud on this blog's landing page.
Posted
Fri, Jul 10 2009 6:45 AM
by
MichelleStPierre