Managing Bill Collection in the Legal Profession

Lawyering

I’m glad someone is talking about this essential though not so glamorous side of legal practice—bill collection.

Our payment term is 30 days, and I send periodic reminders if an invoice isn’t settled on time.

No client has ever said, “Don’t worry, you can take more than 30 days to deliver that agreement. Take all the time you need.”

We always strive to deliver within the agreed timeline, and we appreciate it when our clients honour the agreed payment terms. A little professional courtesy goes a long way.

This post first posted on LinkedIn on 14 July 2024.

Lawyering
The Kindness That Stays, 20 Years On

I last saw them in 2007. They are two kind souls who made my years studying in the UK such a beautiful chapter in my life. I have been thinking about them lately and finally reached out after all these years. Whenever I look back on my time in the …

Linkedin Post
Why M&A Deals Fail

As an M&A lawyer, most of my time goes into the legal documents – drafting and negotiating agreements, representations, warranties, conditions precedent, etc. However, the deals I have seen delayed or aborted were not because of legal documents. A deal was aborted when geopolitical tension escalated while parties were going …

Linkedin Post
When a Seller is Paid in Shares, Instead of Cash

In an M&A transaction, a buyer which is also a company may offer to pay by issuing its own shares to the seller, instead of paying in cash. How is this different compared to a cash deal? The seller is not just selling. The seller is also “buying” into the …