Many firms have successfully gone virtual on the fly, but important questions remain: Is the remote workforce here to stay? What's working, what's not working, and what strategies should firms utilize going forward?

In a recent survey, half of firms reporting reallocating employees to new work in responses to the coronavirus – and that's just the start of the new staffing challenges the profession is facing, from decisions about rightsizing and staffing levels, to career development, upskilling and unskilling.

It may seem counterintuitive to think about growth with the economy declining, but there are evolving opportunities, particularly for firms that can adapt to a changing business model.

As firm leaders navigate the pandemic, significant issues are arising around allocating resources, billing and collecting from clients, and making sure the firm has the capital it needs.