Planning for the Good times ahead

History tells us that now is the best time for any law firm to prepare for the next economic boom, argues Brian Coventry.

For law firm managing partners and marketing managers attending the recent “M-Club” seminars in Brussels and Madrid, Brian Coventry had a surprisingly up-beat message. Mr Coventry, managing director of software solution provider APS – Billback, said that history tells us that all economic downturns are invariably followed by another period of sustained growth – typically lasting between seven to ten years. What’s more, recent stock market rises are providing an early indicator of possible good times ahead. “Stock markets always run ahead of the real economy,” he explained. “They are an indicator of what will happen in the next six to nine months.” more