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<blockquote data-quote="Jaysen" data-source="post: 2422" data-attributes="member: 1"><p>I believe the question is intentionally broad. They want you to work out what you think they mean by the business of law, and then explain its drivers. I'm not convinced there is a "right" answer here, unless you go very off topic.</p><p></p><p>[USER=543]@AJ[/USER] has said the business of law could mean law firms, which I agree is a very reasonably interpretation. </p><p></p><p>Whatever you choose, you should be specific in your answers. </p><p></p><p>For example, if you were writing about what makes law firms grow, you might consider:</p><ul> <li data-xf-list-type="ul">Opening up offices</li> <li data-xf-list-type="ul">Increased marketing</li> <li data-xf-list-type="ul">Cutting fee rates/alternative fee arrangements</li> <li data-xf-list-type="ul">New practice areas</li> <li data-xf-list-type="ul">Mergers/Alliances</li> <li data-xf-list-type="ul">Lateral hires </li> </ul><p>Then, for each reason you choose, write about how it would impact the revenue of a law firm.</p></blockquote><p></p>
[QUOTE="Jaysen, post: 2422, member: 1"] I believe the question is intentionally broad. They want you to work out what you think they mean by the business of law, and then explain its drivers. I'm not convinced there is a "right" answer here, unless you go very off topic. [USER=543]@AJ[/USER] has said the business of law could mean law firms, which I agree is a very reasonably interpretation. Whatever you choose, you should be specific in your answers. For example, if you were writing about what makes law firms grow, you might consider: [LIST] [*]Opening up offices [*]Increased marketing [*]Cutting fee rates/alternative fee arrangements [*]New practice areas [*]Mergers/Alliances [*]Lateral hires [/LIST] Then, for each reason you choose, write about how it would impact the revenue of a law firm. [/QUOTE]
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