Law firms must adapt to promote growth

03/22/2011 | Washington Post, The

Demand for legal services is no longer strong enough to fuel expansion of law firms, writes James Bailey. Firms must respond by adopting more efficient and cost-effective business models and do a better job at managing their talent, Bailey writes. Firms should consider alternative billing methods and may want to look at merging with other firms to serve a wider variety of clients, he argues.

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