Bankruptcy Practices at Odds with the "Story of the Year"

BoYancey — Mon, 21 Dec 2009 17:48:00 GMT

Bankruptcy lawyers have been quite busy this past year, and firms have enjoyed exceptionally high billing rates for many pieces of work . This isn't surprising; in the wake of last year's economic crisis, many companies have sought protection...(read more)

Reducing Headcount May Lead to Less Profit in the Long Run

BrianTaaffe — Thu, 09 Jul 2009 18:00:00 GMT

Very few firms today are 100% utilized. Almost all attorneys within a firm have free capacity, and depending on the firm, this can be a large cost. With profits dropping, layoffs and delayed start dates for first year associates have been seen as a short term solution to increase profits. This may be an effective way to address utilization concerns and bring profits back up to levels that law firms have experienced over the last five years, but it may also have some long term effects related to production.

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Make More Rain : economic outlook, utilization

Bankruptcy Practices at Odds with the "Story of the Year"

Reducing Headcount May Lead to Less Profit in the Long Run