Collections
-
Biglaw
Yikes! Biglaw Firms Are Having A Rough Go Of It When It Comes To Collections
Please, won't clients think of the struggling Biglaw firms? -
Biglaw
Am Law 100 Biglaw Firm Gets Ready To Screw Associates On Salary
Associates will be crossing their fingers for a decent salary. - Sponsored
The Business Case For AI At Your Law Firm
ChatGPT ushers in the age of generative AI – even for law firms. -
Biglaw
Biglaw Partners Are Trying To Collect Client Cash Before Year's End, Not Getting Far
Eek. Is this why bonuses are a little delayed this year?
-
Morning Docket
Morning Docket: 12.21.18
* In completely unshocking news, despite advice from ethics officials, Acting Attorney General and former Tight End Matthew Whitaker has refused to recuse himself from oversight of special counsel Robert Mueller’s Russian election interference probe. [USA Today]
* Corporate clients are trying to control their spending, and that means more and more Biglaw firms are having trouble collecting on their year-end bills, such that “on average [a firm] can lose 20 percent of its original billing amount.” [Big Law Business]
* First-year law student enrollment increased by 3 percent this year, and two New Jersey schools played a really big role. Rutgers Law increased its 1Ls by 17.87 percent and Seton Hall Law increased its 1Ls by 24.87 percent. [New Jersey Law Journal]
* Another day, another law school that’s willing to accept the GRE for admissions. Starting this fall, the University at Buffalo School of Law will accept the alternative test in place of the LSAT to “eliminat[e] barriers to access to education.” [UB Now]
* In case you missed it, earlier this week, Nick Wilson, a public defender, won the latest season of Survivor. Now the 2013 graduate of Alabama Law has $1 million to pay off his loans after becoming the Sole Survivor. Congratulations! [Kentucky Today]
-
Money, Small Law Firms, Solo Practitioners
Lawyers Should Not Be Empathetic When It Comes To Collecting Fees
And three tips for when clients ask them to give you a break. -
Money, Small Law Firms
Getting Paid In SmallLaw
What about asking clients for outstanding fees? It requires some tap dancing. -
Biglaw, In-House Counsel, Partner Issues, Partner Profits
2013 Law Firm Performance: An Answer And A Question
Why are law firms hiring more lawyers during a time of weak demand, and what overlooked aspect of 2012 law firm performance could affect results in 2013? -
Biglaw, Money, Partner Issues
Buying In: The Biglaw Collection Machine
At year’s end, partners are recruited and expected to give their all to collecting cash from clients. How bad does it get? Pretty bad.... - Sponsored
Is The Future Of Law Distributed? Lessons From The Tech Adoption Curve
The rise of remote work has dramatically reshaped the relationship between Lawyers and Law Firms, see how Scale LLP has taken the steps to get… -
Biglaw, Money, Partner Issues, Partner Profits
The Two Faces of K&L Gates
The end of the year was a pretty interesting time for partners at K&L Gates. Our sources report that right before the close of the year, the partners received a blistering message from Peter Kalis, the managing partner of the firm. Just 24 hours later, K&L Gates partners received an email from Kalis that was […] -
Billable Hours, Money, Partner Issues, Partner Profits
Simpson Thacher Threatens to Withhold Salary For Delinquent Time Keepers
If you talk to law firm partners who are in charge of collecting fees, they’ll tell you that getting clients to pay has become a real hassle ever since the recession started. Clients are trying to make their books look as palatable as possible, and if that means avoiding or delaying payments to their lawyers, […]