Can You Compete Against A Paralegal?

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One of the most fundamental elements of The Business of Law® is to look at your revenue and figure out what your cost structure should be so you can turn a profit. Consider a law firm where the revenues from a given client are $40,000, while the costs to service that client in lawyer and staff compensation are $48,000. In this critical situation, a decision must be made. The choices are hard, but each one must be considered in turn. Terminating the client relationship, seeking to leverage cost-efficient technology and decreasing the number of people serving the client are all standard remedies to reduce cost.

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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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