Some cash-strapped clients have turned to their law firms for some relief to weather the economic impact of the coronavirus pandemic, asking for everything from rate discounts, to alternative fee arrangements and deferred payments.
Tightened Purse Strings: Though worst-case scenario delays in payment in many cases have failed to materialize for firms during the second quarter, the ongoing crisis may have clients tightening their legal spend. This has taught some law firms the value in being more disciplined in their billing and collections practices.
Billing Benefits: “This has shown to firms the benefit of a more rigorous approach around how ...
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