May 29, 2006
Law Firm Cash As The Great Deceiver.
"If we're rich, we must be smart." Well, maybe not. Here's a cash position pattern that prevents many of us from thinking clearly. Tom Collins at MorePartnerIncome pins it down, and articulates it. He reminds us to trust hard facts, analysis and planning over the thrill of today's cash flow and respectable reserves in Cash Is An Unreliable Barometer of Law Firm Health. Tom and Debbie Foster of InTouch Legal call this syndrome the "accidentally successful" law firm.
Posted by JD Hull at May 29, 2006 11:55 AM