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Law Practice

Apr. 23, 2002

Accepting Credit Cards Speeds Payment

Dicta Column - By Barbara Lewis and Dan Otto - With the economy in a recession, obtaining payments from your clients can be difficult. Implementing financially sound techniques can assist in accelerating payments and prevent your firm from sliding into debt. Some law firms spend nearly 120 days to collect money due them, which is akin to giving your clients an interest-free loan. The average number of collection days should be no more than 45 days.

        Dicta Column
        
        By Barbara Lewis and Dan Otto
        
        With the economy in a recession, obtaining payments from your clients can be difficult. Implementing financially sound techniques can assist in acceler...

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