In Aftermath of Hurricane Irma, Florida Law Firms Suffer Delays in Collections and Billing
Hurricane Irma hits billing and collections at small firms with tourism and Caribbean clients.
September 20, 2017 at 01:00 PM
4 minute read
Hurricane Irma's winds knocked a tree onto Fort Lauderdale lawyer Laurence Gore's car, ripped the top off of his boat, and decimated many of the travel businesses in the Caribbean that have been his clients.
While Gore is lucky, considering Hurricane Irma claimed 42 lives and decimated the homes and livelihoods of many across the eastern Caribbean and Florida, the hurricane has taken a toll on his law practice. Like other small law firm owners in South Florida, his firm's revenue and collections for the year have taken a hit because of the hurricane.
Courtesy photo
It's still too early to say, but Gore estimates that his small international firm will face a $20,000 loss in revenue due just to his clients' business interruptions. He didn't have business interruption insurance, but he's considering getting it in the future.
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