Law Practice
Feb. 20, 2010
Cost-Cutting Helped Buoy Law Firms' Bottom Lines
Could it be that 2009 was not the apocalypse for law firms everyone expected? As top firms have begun releasing financial results for last year, the picture emerging is one in which steep cost-cutting led to better-than-expected profits.
Daily Journal Staff Writer
LOS ANGELES - Could it be that 2009 was not the apocalypse for law firms that everyone expected?
As top California firms have begun releasing financial results for last year, the picture emerging is one in which firms are by no means out of the woods yet, with shrinking revenue fueled by declining legal demand. But at the same time, steep cost-cutting has led to better-than-expected...
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