Law Practice
May 26, 2001
Sluggish Receipts
Cash-flow problems can be a law firm's downfall. Nearly every firm faces a situation where expenses are incurred before revenue collection. For example, you may rent offices and hire employees before billing and collecting fees for services rendered.
Cash-flow problems can be a law firm's downfall. Nearly every firm faces a situation where expenses are incurred before revenue collection. For example, you may rent offices and hire employees before billing and collecting fees for services rendered.
This money gap shrinks and swells over time commensurate with expenses incurred and payment ...
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