Collecting on legal bills during the COVID-19 pandemic hasn’t been easy, but many firms are willing to give discounts in exchange for quick payment this year to fill their coffers with cash,
A report performed by legal analyst Ari Kaplan for Orlando-based invoice financing company LSQ Funding Group LC and shared exclusively with ALM, found 57% of chief financial officers and other firm executives are willing to trim bills if clients pay early. Kaplan interviewed CFOs, accounting managers and other executives at 30 law firms of various sizes.
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