Law Firm Crisis Management

Bill has helped many law firms survive a financial crisis. His unparalleled law firm financial management expertise was used in each instance to restructure a law firm’s operations to increase revenues and cut expenses. In such situations, cash flow is critical. Through no fault of their own, law firms can experience unfortunate, unplanned events that create a cash flow shortage, such as the loss of a key client or the loss of important partners, which can quickly devolve into a financial crisis. When a law firm is on the verge of a “death spiral”, knowing what to do and quickly implementing the appropriate solution is critically important. Time is of the essence.

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On numerous occasions Bill has assumed responsibility as Interim COO of a law firm in a fiscal crisis to immediately respond to the law firm’s dire situation. He stabilizes the firm, restores trust in the firm’s leadership team, restructures the firm’s operations, eliminates excess staff and/or unprofitable timekeepers, cuts expenses dramatically, and restores the firm to a stable economic situation. 

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If your law firm is experiencing a cash flow crisis contact Bill at 610-550-9612 or send an email to Bill@BrennanStrategy.com.