Legal News

Law Firms Race to Collect Year End Billings [Video]
Download PDF
1 Star2 Stars3 Stars4 Stars5 Stars (No Ratings Yet)
Loading...

Via LawCrossing.com:

At year’s end, white-shoe law firms race to collect the bulk of the year’s client fees by the end of December.

  
What
Where


This year is different though, with a number of law firm managing partners worried that the current recession will make the job of collection even tougher.

Most law firms bill every three months, or even every six months, which is why the payments take so long to come through. Law firms typically use traditional methods of collection, such as calling clients and reminding them to pay with the partner involved often making the phone calls.

Many merger and acquisition deals fell through in Wall Street’s downfall, which makes it likely that some clients will balk at high fees for deals that never got done.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




— Martine Beerman





 

RELEVANT JOBS

Plaintiff Personal Injury Paralegal

USA-NJ-Roseland

Opportunity for a Plaintiff Personal Injury legal assistant to work in a growing practice. Must have...

Apply now

Associate Attorney - Insurance Defense

USA-CA-Los Angeles

Fowler Law Group is looking for an associate attorney with at least one year of insurance defense ex...

Apply now

Associate Attorney - Estate Planning

USA-TN-Brentwood

Cook Tillman Law Group is seeking an associate attorney for its Estate Planning practice group. ...

Apply now

Senior Commercial Real Estate Attorney

USA-MA-Andover

Senior level commercial real estate transactional attorney sought by a successful, mid-sized, real e...

Apply now

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Venture Capital Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks corporate business attorney with...

Apply Now

Real Estate Attorney

USA-CA-San Diego

San Diego office of a BCG Attorney Search Top Ranked Law Firm seeks transactional real estate attorn...

Apply Now

Experienced Health Care Attorney

USA-ME-Portland

Portland office of a BCG Attorney Search Top Ranked Law Firm is seeking health care attorney with 5-...

Apply Now

SEARCH IN ARCHIVE

To Top