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Large law firms doubled down on collection efforts in 2020, allowing partners to have more certainty in cash flow during the COVID-19 crisis last year. And as confidence in demand returns, firm leaders are striving to keep up their firms’ billing hygiene in 2021.

Legal analysts said attorneys placed a premium on recording time and timely billing last year. That was partly a factor behind the 6.3% industry-wide revenue growth in 2020, according to Citi Private Bank’s Law Firm Group.

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Andrew Maloney

I'm a Chicago-based reporter covering the business of law, focusing on national and global law firms for The American Lawyer, Law.com and other ALM publications. Reach out: [email protected]    

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