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Elite Law Firms Increasingly Suing Clients to Collect Fees
The days of large law firms allowing clients to skip or delay paying bills are dwindling. Look no further than the courts, where if clients don't pay, they will face suit, no matter how prestigious or large the firm.
In an era when demand for legal services is softening, the country's largest firms are increasingly going to court and arbitration against their former clients to collect fees in what consultants say is the “new normal.”
According to a review of New York City court filings, fee disputes involving the wealthiest and largest law firms are rising from the past few years when filings were fewer or initiated by smaller firms.
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