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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.

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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.

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