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Walking dead: The deadly symptoms of zombie law firms

Guy Vincent looks at why some law firms have become members of the walking dead and reveals the deadly symptoms to watch out for

22 April 2013

Many firms congratulate themselves that, despite all of the problems of the past few years, they are still in business and making money. But, if you look more closely at some of them, you can see the horrible truth. They are not growing. They remain dominated by old thinking that is not fit for today’s changing world. They are probably already in a slow decline. They are the walking dead. It is this complacency, inactivity and fear that are the bugs that turn us into zombie firms.

There are a range of factors that are threatening law firms today. Below are some diagnostic tools which you can use to find out if your business has been infected with the deadly bugs that may turn it into a zombie law firm.

1. Financial health

The obvious starting point is the financial heath of your firm. Have you loaded up the business with debt? Are y...

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