Will Your Firm Thrive in this Recession March 9, 2009
Around every Wal-Mart is a successful mom and pop hardware store. That small business does something different from the 80% who would otherwise fail when Wal-Mart comes to town.
The legal industry is no different. There are some small firms (I talk to a different one just about every day) that only knows there is a recession going on by reading the gloom and doom headlines.
What do they do differently? I suggest its not any one thing. Its how they think about the world, their lives and their businesses.
Go here to see Why Some Law Firms Continue to Thrive in this Economy.
This post was written by Ben Glass on March 9, 2009
Posted Under: capitalism,entrepreneurship,General,the Recession Tags: law firm marketing, the Recession
Posted Under: capitalism,entrepreneurship,General,the Recession Tags: law firm marketing, the Recession
Reader Comments
Change is hard for all of us, but attorneys learn and practice by precedent. What worked in the past should work in the future. I’m sure there is a graph I learned (and forgot) from college that explain the diminishing returns often associated with being slow to change. You know better than I many law firm are going to struggle in the economy that will require many and frequent adjustments to build marketing share. The bankruptcy law changes a few years back thinned the competition and the survivors emerged better of than before. Challenges like this economy will certainly make AND break some firms.