FICPI // PMC - Profitability with Walker Clark LLP - phase 3 AsiaPac

This topic goes into the sixth classic driver of sustainable profitability: leverage. I believe that this has been an area that usually receives only superficial consideration. Leverage involves more than “body counts,” i.e., ratios of associates to partners, etc. It is becoming an important issue in a law firm’s response to the opportunities of advanced technology on the preparation and deliver of legal services, as well as their implications for staffing requirements. There also is an increasingly critical challenge of quality assurance.

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