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Maintaining fee income during a downturn
Maintaining fee income during a downturn
Robert Mowbray, Partner, Taylor Mowbray LLP
Practice Profitability
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Practice Profitability
Utilising the permanent vs. contract staff mix to manage business profitability
Frank Jones, Chairman, ASAP UK Ltd
Frank Jones, Chairman, ASAP UK Ltd
Robert Mowbray, a Partner with Taylor Mowbray LLP, explains how fee income and practice profitability can be maintained during a downturn.
In this interview Robert discusses:
• whether it is inevitable that the total fee income will decline during a downturn
• how to treat partners and fee earners who are not busy
• how to resist price erosion
• what firms can do to maintain their overall income
• the potential for reducing other costs.
In this interview Robert discusses:
• whether it is inevitable that the total fee income will decline during a downturn
• how to treat partners and fee earners who are not busy
• how to resist price erosion
• what firms can do to maintain their overall income
• the potential for reducing other costs.
