It is no secret to anyone who has practiced law for more than a quick minute that the economic environment for law practice is changing and changing quickly. Smart lawyers and law firms are spending significant amounts of time and money studying the market and planning for how to survive a tightening and rapidly evolving legal marketplace. From the way legal services are provided to the legal needs clients are facing, the practice of law and its successful business models today look vastly different from the traditional law firm business model. In their book Remaking Law Firms: Why and How, authors George R. Beaton and Imme Kaschner explore not only how the financial crisis of 2008 and subsequent economic changes have forced law firms to rethink the way law firms operate, but also discuss how law firms can implement smart changes to be well-positioned for the future.
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