FoxMandal Little is considering external funding options as the firm grapples with an increase in late payments by overseas clients.
The Indian law firm has admitted that the majority of its New Delhi-based fee earners were not paid last month after around 70 percent of the firm’s overseas clients failed to pay bills on time. The firm said that many payments had been delayed from a minimum of around 90 days to up to six months.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
