Recessions are scary, but a prepared firm does not just survive one. The moves that matter in a down economy: fee structures that hold up, cost discipline, and capacity you can scale in either direction.
What's inside
Eight chapters, written by a bankruptcy lawyer heading into his fifth downturn. Here is the shape of it; the PDF has the numbers, the fee models, and the checklists in full.
Why downturns regulate a market economy, and why prepared firms gain share while the competition contracts.
The Federal Reserve slowing the economy, rising interest rates, and what that signals for law firms.
The good news: compared with most businesses, law firms can adapt faster than they think.
The strongest firms expand market share and acquire talent while everyone else waits it out.
The hardest task in a downturn, and why the test is the firm's financial health rather than how you feel.
Flat, hybrid, subscription, and success fees, and why renting your time caps what the firm can earn.
How to lower fixed cost without limiting your ability to produce revenue.
The first inflationary environment in nearly 50 years, and how to handle fee adjustments in it.
Lawyers and law firms have never been accused of sitting on the vanguard of business and management skills.
Get the guide
Tell us where to send it. No cost, and we will not pass your details on.
Keep exploring
Guides, worksheets, sample projects, and webinars, all free.