In response to the pandemic many law firms reduced the pay of owners, associates and staff. Many of these moves were made specifically to avoid layoffs while managing the uncertainty associated with future cash flow.
During the last six months
Hayse LLC
Hayse LLC is a business advisory group specializing in assisting law firms through transitions such as mergers, acquisitions, restructures, succession planning, and wind-downs. It provides strategic guidance aimed at stabilizing and strengthening firms facing market challenges or internal changes. The organization emphasizes practical planning and execution to help law firms navigate complex operational and leadership issues, including succession and integration. Hayse LLC also offers insights on improving firm management, growth strategies, and maintaining continuity during periods of change. It does not practice law but focuses on advisory services tailored to law firm business needs.
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Preventative Action and Law Firm Decline
Adding Talent During Covid-Two Important Requirements
Addressing Economic Issues Related to COVID
Preparing for an Extended Covid-19 Delay to Law Firm Normalcy
Client Revenue Loss and COVID-19
I have previously referenced the excellent McKinsey report COVID-19: Implications for law firms. In a re-read of it this morning, a universal truth regarding client relationships struck me: the stronger firm communication with its clients, the less likely there…
Two Proven Elements to Conquering Law Firm Crisis
Planning for the Loss of a Law firm Leader
In last week’s post, we explored the surprise loss of a law firm leader. Today I want to suggest an orderly approach to this inevitable event.
The Zeughauser Group conducted a survey that included several interesting issues. Three observations…
The Loss of a Law Firm Leader
A recent post in Law.com about Boies Schiller and Flexner reminded me of the critical dynamics associated with losing key members of a law firm. The departure of individuals responsible for a significant amount of client revenue, or those who…