Credit Management

Venue: London

Location: London, United Kingdom

Event Date/Time: Oct 21, 2010
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In the toughest legal market for many years, cash is king more than ever and many firms have weakened balance sheets. But many firms have exacerbated the situation; their internal policies, procedures and compliance have all too often proved inadequate as clients with limited funds themselves are choosing not to prioritise payment of their legal fees. In 2010, the published accounts show the majority of firms have increased their borrowing despite static or declining turnover.