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WHAT WE’RE WATCHING
RARE COLLECTIONS – It’s early, so let’s start with the good news: after COVID-19 initially cooled legal demand, more firms have been taking on new matters in May and through the first week of June than they did in April, according to a new survey by Canadian cloud-based legal software company Clio. But now the bad news: As Patrick Smith reports, the survey also found that legal professionals are increasingly worried about clients’ ability to pay for that work and that 25% of law firm respondents are forfeiting more revenue due to unpaid bills compared to the months leading up the coronavirus outbreak.
