Firm Management - A 360° Update

Live Sate: September 22, 2010 at 1:00pm ET

During the past two years, there has been no shortage of crises and uncertainties with which firms have had to contest. However, upon closer examination, we can see that firms are struggling with an even larger issue: How to manage their firm with a sure hand in an environment where skepticism runs rampant.

Challenged to meet financial goals in 2010 despite lower fees and hikes in salaries, firms are actively looking for new revenue streams. And, with proper firm management, such a source is more easily identified and tapped internally. Moreover, having the right people on the right project at the right time provides value to both the firm and ultimately the client.