Tips on How to Build a Profitable Law Practice
According to data from the American Bar Association (ABA), the number of law school graduates has been steadily rising over the past few years. Indeed, from 2011 to 2012, there was a 5.4%-change in the number of total graduates, and from 2012 to 2013, the rate of change was 0.01%. If you're running a law firm, then these metrics are bad news because they essentially mean steeper competition. This is even truer if the marketing strategies applied aren't translating into an increase in your revenues.