As another year passes in a sluggish economy, law practices are beginning to focus more on how to manage and collect receivables. Historically, firms have shied away from suing clients for legal fees, leaving them uncollected.
There are many reasons firms choose not to sue for legal fees, including unfavorable press, exposed business practices and increased costs. However, in recent years, firms have been more willing to take on these risks to get paid—including both big and small firms.
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