Outstanding invoices may be pilling up at an organization near you. Amid COVID-19 shutdowns and subsequent economic pain, client payment disruptions are becoming more prevalent across the economy. And with many law firms tightening their belts, those servicing the legal industry are likely receiving their fair share of requests for discounts or extended payment terms.
Just how much this is happening in the legal tech industry, however, isn’t entirely clear. But despite certain things in its favor, the industry is susceptible to such disruption, and there are signs that it is, for now, enough of a potential problem to motivate legal tech companies to take proactive measures.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]