APRIL 2009 NATIONAL NEWSLETTER

ALPMA is proud to showcase a selection of articles written by Summit '09 Key Note Presenters.  We trust that these articles will be of assistance to you in your role within the firms and provides you with a sneak peak at the fabulous line up in store.

 “When times are good, pricing sins can be easily forgiven. But when the economy sours, a misguided pricing strategy can shrink profitability, warp client relationships, and destroy a brand.” Nick Wreden – Harvard Management Update. 

Lawyers in most cases are high achievers accustomed to high-pressure situations and long working days. It is these characteristics and the very nature of the job which may also put them at risk of depression and anxiety.

The world is in the deepest economic downturn since WW2. The IMF estimates that global growth will decline by up to 1% in 2009, the first backward step in over 6 decades. Developed nations such as the US, Europe, UK and Japan are in deep recession, with an estimated aggregate contraction this year of around 3.5%. There had been some hope...

Imagine you are the partner of a law firm and discover that your firm’s credit risk rating is increasing. Would it come as a surprise?

Unfortunately yes, it is often a shock to law firm partners to discover that their firm’s credit risk rating is on the up. But perhaps the surprise is even greater when you consider who is most likely to break the bad news.
 

I look forward to seeing you at an upcoming ALPMA event!

Kerrie Billings

ALPMA National Secretariat

T: 03 9432 0335

E: k.billings@alpm.com.au

W: www.alpma.com.au

2009 Legal Management Summit

August 14 - 15

Royal Pines Resort

Gold Coast