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Refocusing priorities: How to get a clear picture of your firm's market position

Consultant Tony Williams explores how managing partners can reorganise their firms to increase efficiencies

2 May 2012

Consultant Tony Williams explores how managing partners can reorganise their firms to increase efficiencies

Law firms are encountering a continued downturn and it seems that a rapid return to normal is now a forlorn hope. The UK legal market grew impressively from the late 1980s until 2007. It was truly a golden age when many, particularly the larger firms, managed to achieve annual compound growth in revenue and profits of at least ten per cent. There were downturns in the early 1990s and 2000s, but these were relatively short lived for the legal sector and growth soon resumed its upward trajectory.

For lawyers who have only known a growth e...

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