Ed. notice: Welcome to our each day function, Quote of the Day.
If the gathering lag persists or deepens, then I feel we’ll see companies getting anxious.
A delay in collections that turned vital sufficient to end in decrease 2025 efficiency relative to finances would imply that almost all companions would obtain much less compensation in 2025 that had been initially projected or anticipated.
— Kristin Stark, a legislation agency administration marketing consultant at Fairfax Associates, in feedback given to the American Lawyer, regarding legislation companies’ rising anxiousness over a lag in collections in 2025. She went on so as to add that legislation companies aren’t “hitting the panic button” simply but.
Staci Zaretsky is the managing editor of Above the Legislation, the place she’s labored since 2011. She’d love to listen to from you, so please be at liberty to email her with any ideas, questions, feedback, or critiques. You’ll be able to observe her on Bluesky, X/Twitter, and Threads, or join along with her on LinkedIn.
