n Without Prejudice - Does your practice's financial management adapt to the new legal landscape? : management
|Article Title||Does your practice's financial management adapt to the new legal landscape? : management|
|© Publisher:||JetBlue Publishers (Pty) Ltd|
|Affiliations||1 Moonwater Chartered Accountants|
|Publication Date||Sep 2015|
|Pages||68 - 69|
In recent years many articles highlighted a possible decline in profitability of law practices. Titles include "Why is the demand for legal services shifting?" (legalexecutiveinstitute.com); "Law firm clients today are in the driver's seat - asking law firms to provide more value at a reduced cost" (businessoflawblog.com); and "Solving the Profitability Problem" (legalexecutiveinstitute.com). The key message is that there is a buyer's market in the legal industry and that law firms are shrinking.
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