Collecting on legal bills during the COVID-19 pandemic hasn’t been easy, but fueled by a desire to fill their coffers with cash, many firms are willing to give discounts in exchange for quick payment this year.
A report by legal analyst Ari Kaplan for LSQ, an invoice funding company in Florida, and shared exclusively with ALM, found that 57% of chief financial officers and other firm executives are willing to reduce bills if they are paid early. Kaplan interviewed chief financial officers, accounting managers and other executives at 30 law firms of various sizes.
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