X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.
credit:Shutterstock.com.com (Photo: Shutterstock.com)

How bad will the collections crunch be this year? Inventory is up, clients are taking longer to pay bills, and the coming weeks will be a critical time for law firms to turn client bills into cash.

Law firms are sitting on a growing pile of bills they haven’t sent out or their clients haven’t paid yet, but financial observers and at least one law firm leader said this kind of behaviour isn’t causing alarm bells to go off – yet.

This premium content is reserved for
Law.com International Subscribers.

BENEFITS OF A SUBSCRIPTION INCLUDE:

  • Customized news by region including UK, Asia, Europe, Latin America, Middle East, Africa, and North America
  • Cutting-edge research such as UK Top 100, China 45, and Asia 50
  • Get the inside track on the biggest breaking stories that delve deep into the issues behind the headlines
  • Comprehensive coverage of the dynamic legal market from people moves to the major international jurisdictions
  • Global view into how legal tech, business of law, in-house and regulatory environments are intersecting worldwide

Already a subscriber?

David Thomas

I'm a reporter covering the business of law, with an emphasis on national and global law firms for The American Lawyer, Law.com and other ALM publications.

Reprints & Licensing
Mentioned in a Law.com story?

License our industry-leading legal content to extend your thought leadership and build your brand.

 

Law.com International Newsletters & Briefings

Sign Up Today and Never Miss Another Story.

Sign up for an unlimited number of complementary newsletters, alerts, and International Briefings. Get the timely legal news and critical analysis you cannot afford to miss. Tailored just for you. In your inbox. Every day.

Copyright © 2021 American Lawyer Media International, LLC. All Rights Reserved.