Hurricane Irma’s impact is still being felt by small and midsize law firms in Florida, as those that lost significant revenue are now being forced to reach out to financial professionals for help in bridging a cash crunch.
Apollo Bank CEO Eddy Arriola—whose bank serves solo practitioner firms as well as firms with as many as 15 lawyers—said law firms are reporting that they have fallen behind in billing and expect delayed collections in coming months because of the storm, which made landfall in Florida on Sept. 10 as a Category 3 hurricane.
