Pi attorney law firm 

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Start Managing Your Receivables Rather Than Simply Expecting Payments to be Made. We have all learned that strategic planning is most effective when times are good, instead of waiting until times are hard. In such times, law firms start turning over every stone to find sources of revenue. What better stone to look under than unpaid receivables. Law firms are accustomed to looking at receivables financial data only on a superficial level, instead of spending time looking beneath and beyond the numbers to determine if payment can be made. Step up to the plate; you will be surprised by what you discover.

Determine if You Have the Appropriate Governance Structure in Place. Effective receivables management starts from the top. The firm needs to put the right people in leadership positions. These individuals need to have the ability to tell attorneys to address their collections. Demanding real accountability can be tough, but pursuing payment of ageing receivables is much tougher - and it greatly reduces the chances of getting paid.

  Wednesday, March 4, 2020 at 4:29:33 PM

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