There is No Shareholder Value in Large Law Firms Today

more+
less-

Reprinted/posted with the permission of The Daily Journal Corp (2011)

The maximization of the short-term result at the expense and destabilization of the entity for the long-term future is an important feature in the current crisis affecting large law firms.

Strong financial cores help to keep a firm flexible in its responses by providing the time necessary to enable positive change. Without adequate time, the right ideas cannot be implemented, even if you come up with them, to save the firm. Time and cash are inextricably intertwined. Law firms do not go out of business because they run out of profits. They go out of business because they run out of cash.

LOADING PDF: If there are any problems, click here to download the file.

Published In: Business Organization Updates

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Edwin Reeser, Edwin B. Reeser, A Professional Law Corporation | Attorney Advertising

Don't miss a thing! Build a custom news brief:

Read fresh new writing on compliance, cybersecurity, Dodd-Frank, whistleblowers, social media, hiring & firing, patent reform, the NLRB, Obamacare, the SEC…

…or whatever matters the most to you. Follow authors, firms, and topics on JD Supra.

Create your news brief now - it's free and easy »