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Money 101

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<font style="FONT-SIZE: 12px" face="arial">Last week, a new lawyer asked my advice on a business question. I responded with a simple equation:<br> <br></font> <blockquote><font style="FONT-SIZE: 12px" face="arial"><strong>revenues - expenses = profit</strong><br></font></blockquote> <br> Obvious as this may be, it seems to elude a great many people, particularly young lawyers who fail to connect the cost of the crap they spend money on to the purpose of a business. But, but, but, he stuttered, don't we practice law to service clients?&nbsp; Of course we do. That's the ...

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