The year's end is right around the corner, along with the holiday season. So, what do you really want for a holiday gift? How about getting paid for the work you did during the year? The holidays can be extra hectic for lawyers with the scramble to get checks from clients before year-end. Most law firms operate on a calendar year and are run on a cash basis, meaning work isn't counted as revenue until clients pay. If you are a partner or even an associate, your compensation may be tied to the amount of money your firm collects on the work you billed. If you are a solo, you know all too well your compensation is directly tied to how much you collect on invoices ... READ THE REST
Originally published October 22, 2014
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