5 Reasons Solo Firms Fail
ALPS
APRIL 10, 2024
While law firms of all shapes and sizes can fail for any number of reasons, in my experience as a risk manager, there are a few reasons that solo law firms are especially susceptible to. The good news is that many of the reasons can be easily and responsibly addressed, thus helping to ensure the long-term viability of a solo practice. The following are my top five reasons, with a few thoughts about what can be done to mitigate each risk.
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