If You're Not Liquid, You May Have to Liquidate

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In times like these the old cliché about the economy hits home: "If other people lose their jobs, it's a recession; if I lose my job, it's a depression." All law firms today are in some way dealing with recession. But what if the situation is more serious - business has slowed to the point where the firm's survival is at stake. No firm can ignore such a drastic possibility, or be ignorant of the three unpleasant alternatives it will face.

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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.

© Ed Poll, LawBiz | Attorney Advertising

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