Leak 8 – Not getting paid

Law firms:  Making more money is easy when you stop the leaks.

In this series I have shared 8 short blogs on the leaks I have seen in law firms where they are needlessly losing hundreds of thousands of pounds. This is the final blog in the series.

Law firms: How much money is being lost in your firm due to unpaid bills?

Do you even know or care?

You’re not getting paid at all and no-one seems to be that bothered.

Whose responsibility is it to recover monies owing?

 
🟣Credit control?

 
🟣The relevant fee-earner?

 
🟣The Head of Department?

🟣Someone else?

🟣No-one?

Or are you all just passing the buck?

Look, I don’t want to be mean but if you really wanted to, you could eradicate bad debt altogether. It’s very simple.

 
Just follow the second R of my TRUE WORTH methodology which stands for:

💥Receive Remuneration – remittance at speed is just what you need.💥

How?

💧Get money on account – always!

💧Bill fortnightly or monthly. No excuses.

Until a job is paid, it is not complete.

AND make sure you get paid before the job is completed.

If your lawyers are not doing the above, you need me!

This is the last in the series of 8 leaks I see in law firms. Tomorrow, there will be a rather lovely post showing how the value of my work goes on months and months after training has been delivered.