More Thoughts on Reducing Headcount

MichelleStPierre — Fri, 10 Jul 2009 13:45:00 GMT

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.

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More Thoughts on Reducing Headcount