Collaborating for Growth Duane Morris in a Turbulent Legal Sector
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In 2008, when the US economy was in a severe recession, Duane Morris suffered the most severe of losses, dropping 40% from its pre-crisis 2007 revenues. The firm had to cut costs, close offices, and streamline its processes to survive the downturn, even as it weathered the worst of the market disruptions in its 137-year history. Duane Morris went into a three-year turnaround with some of the best minds in the industry, including me
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I have recently joined Duane Morris LLP, a leading American law firm, and I am excited to be part of an aggressive growth strategy in a turbulent legal sector. I’ve had the opportunity to work with a diverse group of lawyers across various practice areas and specialties, and I feel privileged to be a part of the collaborative environment. Our legal industry is constantly evolving, and it can be challenging for law firms to maintain their profitability amid these changes. Duane Morris LLP is committed to staying ahead of
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I worked for a renowned law firm Duane Morris. When I joined, things looked brighter. The firm had a solid reputation in legal market, and was rapidly growing. We had a team of top-notch lawyers, and it was only a matter of time before the law firm’s success started to show. Initially, the team worked hard to catch up with the fast-paced and ever-changing environment in the legal sector. We focused on creating a seamless process that could cater to the ever-growing client
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Duane Morris, the global law firm, faced a turbulent legal sector as of 2021. A massive shift in the legal market as a result of pandemic lockdowns led to a drop in legal budgets. The pandemic had a significant impact on the firm’s clients’ operations, leading to an estimated reduction in revenue. Duane Morris needed to address this issue by working with their team. This case study was written by me, Duane Morris’ team writer, in 2021. Duane Morris faced a
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Duane Morris is a multi-national law firm with 2000-odd lawyers, working across five continents. The law firm’s mission is to provide clients with world-class legal services that exceed expectations. Its approach to client needs is to deliver the highest possible legal services, both in terms of expertise and price. Get More Info The law firm’s strategy involves expanding its global footprint through strategic collaborations with other firms. Duane Morris has formed close alliances with major international law firms in other countries, enabling it
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Collaborating for Growth Duane Morris in a Turbulent Legal Sector. “Duane Morris: The Strong Business Model” by Duane Morris. “Duane Morris in the Law Firms of the Future” by Duane Morris. “The 21st Century Law Firm” by Duane Morris. “A Tale of Two Strategies: The Legal Industry and Collaboration” by Duane Morris. “Collaborating for Growth: Duane Morris as a Business Leader in a Complex Industry
Problem Statement of the Case Study
The Legal landscape is an ever-changing terrain of battles. The past two years have been particularly difficult for the industry, marked by significant changes in the legal industry as a whole, and the law firm industry in particular. During the pandemic and the resulting lockdowns, law firms had to adapt their practices and move their clients’ work online. This shift from traditional business models to the remote legal workforce required an adjustment in every aspect of the law firm. With clients more tech-savvy and demanding for faster and more convenient online
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I’ve been practicing at Duane Morris since 1995, almost 20 years. My practice includes the legal work, including litigation, transactional, and white collar work, but I’ve developed expertise in several practice areas, including financial litigation, real estate litigation, and trust and estates litigation. I’ve represented clients from various industries, including financial services, energy, real estate, and technology, as well as large companies, such as XYZ Corp and YZ Corp. But