For small law firm owners, the stakes are high in tough economic times. Here, we flesh out the impact that the current cost-of-living crisis is having on boutique practices across the country, how best to wade through this period, and why it’s so important to speak with colleagues and knowledge-share. Host Jerome Doraisamy welcomes back Legalite managing principal Marianne Marchesi to discuss the impact of the current economic climate on small firms and their owners, how worried firm owners are right now about the cost-of-living crisis, and why it is so important to talk about one’s situation and fears with fellow firm owners. Marchesi also discusses the need for longer-term strategies as a business owner, being both proactive and reactive with cost management, investing in the right external advisers to keep the firm afloat, and other practical approaches to ensure that your firm can not only keep its head above water but also continue to thrive in the modern marketplace. If you like this episode, show your support by  rating us or leaving a review on Apple Podcasts (The Lawyers Weekly Show) and by following Lawyers Weekly on social media: Facebook, Twitter and LinkedIn. If you have any questions about what you heard today, any topics of interest you have in mind, or if you'd like to lend your voice to the show, email [email protected] for more insights!