It takes more than four months for law firms to be paid for the work they do, according to chartered accountants Hazlewoods. However, payment times have improved by seven days since last year—125 days in 2017, compared to 132 in 2016. Moreover, fee earners are being more proactive about raising bills earlier when work is completed rather than waiting until the month end, asking for payments on account and raising interim bills as each stage of a matter is completed. Associate partner Andy Harris said: ‘The issue of turning “locked up work” into cash has troubled the legal industry for years.’
31 October 2018
Pay delays on the way out
MOVERS & SHAKERS
NLJ Career Profile: Mark Hastings, Quillon Law
Mark Hastings, founding partner of Quillon Law, on turning dreams into reality and pushing back on preconceptions about partnership
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New family law partner for Italian and international clients appointed
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NEWS
Talk of a reserved ‘Welsh seat’ on the Supreme Court is misplaced. In NLJ this week, Professor Graham Zellick KC explains that the Constitutional Reform Act treats ‘England and Wales’ as one jurisdiction, with no statutory Welsh slot
The government’s plan to curb jury trials has sparked ‘jury furore’. Writing in NLJ this week, David Locke, partner at Hill Dickinson, says the rationale is ‘grossly inadequate’
A year after the $1.5bn Bybit heist, crypto fraud is booming—but so is recovery. Writing in NLJ this week, Neil Holloway, founder and CEO of M2 Recovery, warns that scams hit at least $14bn in 2025, fuelled by ‘pig butchering’ cons and AI deepfakes
After Woodcock confirmed no general duty to warn, debate turns to the criminal law. Writing in NLJ this week, Charles Davey of The Barrister Group urges revival of misprision or a modern equivalent
Family courts are tightening control of expert evidence. Writing in NLJ this week, Dr Chris Pamplin says there is ‘no automatic right’ to call experts; attendance must be ‘necessary in the interests of justice’ under FPR Pt 25
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