Clients this year, more than ever, have been slow to pay. More clients are looking for longer payment terms which can really restrict cash flow. We’ve had to redouble our efforts in collecting from many of our clients before year end.
— The managing partner of a major West Coast Biglaw firm, in comments given to Jenna Greene of Reuters, when discussing what 2022’s year-end collections looked like for law firms.
Staci Zaretsky is a senior editor at Above the Law, where she’s worked since 2011. She’d love to hear from you, so please feel free to email her with any tips, questions, comments, or critiques. You can follow her on Twitter or connect with her on LinkedIn.