Ask a managing partner how their firm gets paid and you will hear a clean story. Bills go out after review. Collections chases what is overdue. Payments come in and get posted.
Law Firms Collect About 82 Cents on the Dollar — The Rest Is An Architecture Problem
The gap between what a firm bills and what it collects is not a collections failure. It is a design flaw in how the whole revenue cycle is wired, and clients armed with AI are now exploiting it faster than firms can respond.

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