Poor financial management hits law firms in the pocket
Delayed cash collection and insufficient credit checks are continuing to blight UK law firms, according to research by PricewaterhouseCoopers (PwC). The accountancy firm’s annual “Financial Management in Law Firms” survey reveals that 84 per cent of respondents, that included 47 of the top 100 UK firms, are taking on average 60 days to collect fees. […]