Photo: fizkes/Shutterstock.com Pandemic Be Damned, Year-End Collections Are Steady (So Far)
As outstanding fee collections reach their due date in the closing days of December, law firm leaders said the majority of clients have returned to their pre-COVID payment arrangements.
December 22, 2020 at 01:48 PM
4 minute read
Despite the great anxiety that roiled the legal industry throughout 2020, fee collections at law firms have largely returned to pre-pandemic levels as the fourth quarter comes to a close, law firm leaders and industry observers said, thanks to the successful shift to remote work and a diversity of practice areas bringing in revenue. As 2020 ends, many firms are now preserving resources to give themselves a head start in 2021.
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