FoxMandal Little is considering external funding options as the firm grapples with an increase in late payments by overseas clients. The Indian law firm has admitted that the majority of its Delhi-based fee earners were not paid last month after around 70% of the firm's overseas clients failed to pay bills on time. The firm said that many payments had been delayed from a minimum of around 90 days to up to six months.
July 23, 2009 at 07:27 AM
1 minute read
The original version of this story was published on Legalweek
FoxMandal Little is considering external funding options as the firm grapples with an increase in late payments by overseas clients.
The Indian law firm has admitted that the majority of its Delhi-based fee earners were not paid last month after around 70% of the firm’s overseas clients failed to pay bills on time. The firm said that many payments had been delayed from a minimum of around 90 days to up to six months.
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