Law firms are evolving. This evolution is in response to market pressure demanding that firms do more with less.1 To meet this demand, law firms are striving to reduce costs, improve efficiencies, and differentiate from rival firms.2 This blog is the first in a two part series, examining the evolution of law firms. This first…
Tag: Recession
New Responses to New Recessions
During the Great Depression of the 1930’s nations isolated themselves from the global economy through protectionist trade policies. This led to a near halt in global trade and the world economy faded into chaos.1 Realizing that closing off national economies was responsible for a deeper and much more prolonged depression, in the post war-era the…