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The ABA's Top Ten Tips for Operating Your Law Firm in a Recession

One of the great things that could come out of this recession is the increased efficiency that businesses (including law firms!) must achieve to survive in the market. nbsp; Here comes a summary of the ABA's list followed by a a href="http://www.abajournal.com/magazine/recession-proof_your_practice/"link to the full text/anbsp;:br / br / 1. nbsp;Make sure you have enough cash on hand to survive - even if revenue drops by 25%.br / 2. Think about increasing your line of credit.br / 3. Be diligent with the books! nbsp;Think about asking for retainers from "risky" clients. br / 4. a href="http://www.sidestep.com/"Control travel costs,/anbsp;expand employees' responsibilities, and use efficient technology. br / 5. Find ways to cater to clients as they too face the recession.br / 6. Expand your skill set.br / 7. Make your firm attractive to potential clients who are looking to find affordable outside counsel - keep your fees low. br / 8. Keep your current clients because finding new ones is EXPENSIVE!br / 9. Market yourself online (check out a href="http://fastcase.blogspot.com/2008/12/blogs-powerful-marketing-tools-for.html"our post/a about blogging lawyers).br / 10. Use unwanted free time to increase your worth - training, a href="http://fastcase.blogspot.com/2008/01/florida-webinars.html"CLEs/anbsp;, paid court appointments, and a href="http://www.probono.net/aba_oppsguide/"pro bono work/anbsp;. nbsp;Check out a href="http://www.probono.net/aba_oppsguide/"this link/a to a database of pro bono opportunities in every state!br / br / Source: a href="http://www.abajournal.com/magazine/recession-proof_your_practice/"ABA Journal/a pa href="http://feeds.feedburner.com/~a/Fastcase-AcceleratedLegalResearch?a=VqdL0J"img src="http://feeds.feedburner.com/~a/Fastcase-AcceleratedLegalResearch?i=VqdL0J" border="0"/img/a/pdiv class="feedflare" a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=hgWeO"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=hgWeO" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=39ouo"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=39ouo" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=tzi2O"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=tzi2O" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=Pd9ho"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=Pd9ho" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=uBg8O"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=uBg8O" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=4vElo"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=4vElo" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=kuWlO"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=kuWlO" border="0"/img/a a href="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?a=SQQmo"img src="http://feeds.feedburner.com/~f/Fastcase-AcceleratedLegalResearch?i=SQQmo" border="0"/img/a /divimg src="http://feeds.feedburner.com/~r/Fastcase-AcceleratedLegalResearch/~4/489732575" height="1" width="1"/

Full post as published by Fastcase Legal News on December 19, 2008 (boomark / email).