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: Nikki Bowker, Devonshires
Nikki Bowker, head of litigation and dispute resolution at Devonshires, on career resilience, diversity in law and channelling Elle Woods when the pressure is on
Ellisons—Sarah Osborne
Leasehold enfranchisement specialist joins residential property team
DWF—Chris Air
Firm strengthens commercial team in Manchester with partner appointment
NEWS
The High Court’s refusal to recognise a prolific sperm donor as a child’s legal parent has highlighted the risks of informal conception arrangements, according to Liam Hurren, associate at Kingsley Napley, in NLJ this week
The Court of Appeal’s decision in Mazur may have settled questions around litigation supervision, but the profession should not simply ‘move on’, argues Jennifer Coupland, CEO of CILEX, in this week's NLJ
A simple phrase like ‘subject to references’ may not protect employers as much as they think. Writing in NLJ this week, Ian Smith, barrister and emeritus professor of employment law at UEA, analyses recent employment cases showing how conditional job offers can still create binding contracts
An engagement ring may symbolise romance, but the courts remain decidedly practical about who keeps it after a split, writes Mark Pawlowski, barrister and professor emeritus of property law at the University of Greenwich, in this week's NLJ
Medical reporting organisation fees have become ‘the final battleground’ in modern costs litigation, says Kris Kilsby, costs lawyer at Peak Costs and council member of the Association of Costs Lawyers, in this week's NLJ
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