Signs Of Trouble At A Law Firm

Warning signs fall into two large categories, economics and demographics, writes legal consultant Ward Bower. Within those categories, he finds five specific warning signs that should command immediate attention. “If your firm exhibits even one of these existential threats, you may be at risk,” he writes. “Certainly if two or more are present, prompt action is necessary to eliminate the threats. A study of the history of failed law firms leads to no other conclusion.”