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ARTICLE · 03 NOVEMBER 2017

When Opportunity Knocks, Can Your Firm Afford It?

Collins Barrow National Incorporated
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Consider one of the following scenarios: Your firm's leadership wants to become the employer of choice for young professionals...

CanadaLaw Practice Management

Consider one of the following scenarios: Your firm's leadership wants to become the employer of choice for young professionals — and this includes a workplace that appeals to them — calling for significant leasehold improvements.

Your firm would like to bring on new partners while ensuring that their capital investment in the firm does not impose a burden to their financial stability.

There's been a gap in your firm's service lineup, compromising its "one-stop-shop" image.

You've learned of a boutique firm that's for sale, that fits into that gap perfectly — and you want to be sure your bid is competitive.

What do all these scenarios have in common? A need for access to capital. However, many firms would not be in position to deal effectively with developments such as these. This means that they may be outgunned by competing firms that do have an effective capital strategy.

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