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Accounting and Financial Planning for Law FirmsFeaturesLaw Firm FinancialsLaw Firm ManagementLaw Firm Profitability

Year End Is 90 Days Away, Make Every Day Count.

By J. Mark Santiago
October 01, 2020

We are now into the sixth month of the COVID-19 pandemic and law firms across the country are entering the critical last quarter of the year. Historically, law firms collect between 30% and 50% of their annual revenues in the final 90 days of the calendar year.

This year will be more challenging than prior years for a number of reasons. Most firms (and their clients) are working remotely so invoice preparation, partner approval, transmittal, client approval, and finally payment processing will all require additional time.

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