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Capital That Works For You

Law Firm Financial Management Survey

How Law Firms Are Managing Cash During COVID

The pandemic has forced law firms to reevaluate their expenses, refine their budgets, and review their overall operations to adapt to an environment of perpetual uncertainty. To understand their approach, options, and considerations, LSQ engaged Ari Kaplan Advisors to benchmark a range of metrics and perspectives from
leaders at an array of organizations.


The survey is focused on evaluating how law firms are sourcing liquidity and maintaining cash flow in the midst of client disruption.

What You'll Learn

What austerity measures law firms have taken to survive the COVID-19 pandemic.

Challenges law firms face in collecting payments and how they address these challenges.

How clients are using their leverage to expand payment terms and drive payment discounts.

If early payment discounts are a viable solution to secure cash flow and reduce law firm debtor days.

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Ari is an attorney and legal industry analyst, is an inaugural Fastcase 50 honoree, a fellow of the College of Law Practice Management, and a finalist for ILTA’s Thought Leader of the Year award. Kaplan serves as the principal researcher for a variety of widely distributed legal benchmarking reports.

Ari Kaplan

ABOUT THE AUTHOR

See Our Findings!

Insights