Large law firms doubled down on collection efforts in 2020, allowing partners to have more certainty in cash flow during the COVID-19 crisis last year. And as confidence in demand returns, firm leaders are striving to keep up their firms’ billing hygiene in 2021.

Legal analysts said attorneys placed a premium on recording time and timely billing last year. That was partly a factor behind the 6.3% industry-wide revenue growth in 2020, according to Citi Private Bank’s Law Firm Group.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]