This is the third in a series on practical, low-cost options to improve performance and profits amid tight budgets and layoffs. The first piece, on collections, can be found here, and the second, on practice management techniques, can be found here.

The latest financial results across Big Law show the impacts of a slowing economy and increasing expenses. Shifting from a period of unprecedented growth and profitability to uncertainty and a looming recession, firms have responded with smaller budgets, talent reductions and delays in large firm-wide transformational initiatives. Law firms need to focus on existing resources to make 2023 as successful a year as possible.