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Top Northern California

Mar. 4, 2009

Focusing Law Firm Leaders in a Crisis

Legal consultant Richard Gary, who served as chair of Thelen in the 1990s and early 2000s, taps into his experience to remind us that there is an upside to managing in difficult times. Crises have a way of “opening our eyes to pathways that are obscure in less challenging times.”

By Richard N. Gary

Law firms are under greater stress today than ever before. The economic crisis has reduced transactional activity considerably, and clients are increasingly seeking alternatives to litigation. Resistance to billing rate increases is universal, and many firms have overcapacity in one or more practice areas.

Law firms are under greater stress today than ever before. The economic crisis has reduced transactional activity considerably...

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