Forensic Business Development Research

Librarians are Uniquely Positioned to be at the Heart of This Growing Trend

By Eric Dewey, Principal at Group Dewey Consulting

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Companies that run into legal issues, more often than not, had warning signs which provided clues to these developing problems. Warning signs are, almost by definition, easy to see in hindsight. The challenge is in accurately forecasting which of the many unusual business activities of a business, over time, are reliable predictors of future problems.  Fortunately, several industries have worn a path that law firms can use to help them develop these financial forecasting skills.  If law firms stay informed and pay close attention to these clues, they can gain a competitive business development advantage, learn a company’s business more deeply, and provide distinctive value to clients and prospects.  And librarians are well situated to be at the heart of this growing trend among law firms to gather rich data about their clients.

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