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Given the nature of the legal sector, and the influx of millennial employees into the workplace, law firms must evolve their business models and how they treat law firm employees in order to remain competitive. Here's how law firms can nurture individual talent, improve employee expertise and prevent defections to more engaged and attentive competitors.
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In increasingly competitive industries and operating environments, more companies are being highly intentional with their company culture as a means to drive desired results. For firms that believe in engaging employees, providing more directed training, or offering a more flexible work environment, technology, in its various forms, is a critical tool.
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While your business may be growing, you may have not yet reached a point where you have a dedicated human resources department. But, you need to take on additional employees. What hiring tips can you follow to help your company grow?
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Smart, budget-conscious market research strategies can make all the difference to a small business's success.
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Law firms face equity partnership drain when partners depart or retire. How can firms prepare for this inevitable situation?
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Using legacy equipment presents a number of risks and challenges, including the potential for work stoppages or injury. Staying ahead of breakdowns by keeping detailed notes can not only help your business keep running — it may help you form a business case for funding replacements.
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While partnering with your competitors may seem counterintuitive, "coopetition" may have its benefits. From creating new products and services to offloading excess space, working together can lead to fruitful partnerships between rivals.
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While the effects of a trade war can be hard to predict, business owners managing their cash flow do have options. Working with trusted financial partners while watching what competitors do may provide a path for successfully navigating tariffs.
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While fintech companies offer quick access to cash, many loans come with considerable processing fees and exorbitant interest rates. Don't overlook your Certified Public Accountant (CPA) and their ability to connect you with a commercial banker interested in lending at competitive rates and terms.
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