Collecting on Your Bill

One thing I've been hearing from a lot of lawyers is that they have plenty of work, but they are having a harder time getting clients to pay their bills.  This means a lot of lawyers are going to be thinking, in 2009 about how to collect on those bills.

Law.com has a good article on the basics:

If your firm has an accounts receivable management strategy, now is the time to re-evaluate that strategy -- from top to bottom -- in light of the economic climate. If you do not yet have a strategy -- how can I say this tactfully? -- what in the world are you waiting for?

For the full article:  Get Control Over Your Bill Collection--Now.

This is something that we will, no doubt, be talking about further on SmallFirmSuccess.org.  I would be very interested to hear your experiences:  Are you having to do more collection work?  What strategies have worked for you?  What strategies have not?  Are you instituting new policies - alternative billing, higher retainer fees, reduced fees - to cope with the issue?

Let me know, I'd love to hear and we can start incorporating your experiences so we can all learn from each other.

- Peter H. Berge

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