As year-end approaches in a sluggish economy, law firms are beginning to focus more on how to manage and collect receivables. Historically, firms have shied away from suing clients for legal fees, leaving them uncollected. More recently, firms have become more likely to sue clients to collect their fees.
There are many reasons firms choose not to sue for legal fees, including unfavorable press, exposed business practices, and increased costs. However, firms have been more willing to take on these risks in light of rising economic pressures. And it is not just small firms suing to make ends meet.
