Let’s face it. Earning a living as a lawyer is not easy. Earning a living as a solo or small firm attorney can be even more challenging. I have often said that owning a small law firm is the epitome of a high-risk business. Yes, I referred to the practice of law as a business and not a profession. Without starting the age-old debate, “Is the practice of law a profession or a business,” I will accept that in order to be successful in the profession of law, you must understand and implement some sound business practices.
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