{"id":130424,"date":"2025-08-13T15:30:48","date_gmt":"2025-08-13T23:30:48","guid":{"rendered":"https:\/\/xira.com\/p\/2025\/08\/13\/biglaw-firms-may-be-getting-anxious-about-lagging-collections\/"},"modified":"2025-08-13T15:30:48","modified_gmt":"2025-08-13T23:30:48","slug":"biglaw-firms-may-be-getting-anxious-about-lagging-collections","status":"publish","type":"post","link":"https:\/\/xira.com\/p\/2025\/08\/13\/biglaw-firms-may-be-getting-anxious-about-lagging-collections\/","title":{"rendered":"Biglaw Firms May Be \u2018Getting Anxious\u2019 About Lagging Collections"},"content":{"rendered":"

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

If the collection lag persists or deepens, then I think we will see firms getting anxious<\/strong>.<\/p>\n

A delay in collections that became significant enough to result in lower 2025 performance relative to budget would mean that most partners would receive less compensation in 2025 that had been originally projected or anticipated.<\/strong><\/p>\n

\u2014 <\/i>Kristin Stark, a law firm management consultant at Fairfax Associates, in comments given to the American Lawyer<\/a>, concerning law firms\u2019 growing anxiety over a lag in collections in 2025. She went on to add that law firms aren\u2019t \u201chitting the panic button\u201d just yet.<\/em><\/strong><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n

The post Biglaw Firms May Be \u2018Getting Anxious\u2019 About Lagging Collections<\/a> appeared first on Above the Law<\/a>.<\/p>\n

\"\"<\/figure>\n

Ed. note<\/u>: Welcome to our daily feature, Quote of the Day<\/a>.<\/em><\/p>\n

If the collection lag persists or deepens, then I think we will see firms getting anxious<\/strong>.<\/p>\n

A delay in collections that became significant enough to result in lower 2025 performance relative to budget would mean that most partners would receive less compensation in 2025 that had been originally projected or anticipated.<\/strong><\/p>\n

\u2014 <\/i>Kristin Stark, a law firm management consultant at Fairfax Associates, in comments given to the American Lawyer<\/a>, concerning law firms\u2019 growing anxiety over a lag in collections in 2025. She went on to add that law firms aren\u2019t \u201chitting the panic button\u201d just yet.<\/em><\/strong><\/p>\n

\n
\"Staci
<\/figcaption><\/figure>\n

Staci Zaretsky<\/a>\u00a0is the managing editor of Above the Law, where she\u2019s worked since 2011. She\u2019d love to hear from you, so please feel free to email<\/a> her with any tips, questions, comments, or critiques. You can follow her on\u00a0Bluesky<\/a>,\u00a0X\/Twitter<\/a>, and\u00a0Threads<\/a>,\u00a0or connect with her on\u00a0LinkedIn<\/a>.<\/em><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Ed. note: Welcome to our daily feature, Quote of the Day. If the collection lag persists or deepens, then I think we will see firms getting anxious. A delay in collections that became significant enough to result in lower 2025 performance relative to budget would mean that most partners would receive less compensation in 2025 […]<\/p>\n","protected":false},"author":3,"featured_media":130391,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16],"tags":[],"class_list":["post-130424","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-above_the_law"],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/xira.com\/p\/wp-content\/uploads\/2025\/08\/Staci-Zaretsky-RLSVSh.jpg?fit=150%2C100&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/comments?post=130424"}],"version-history":[{"count":0,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/posts\/130424\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media\/130391"}],"wp:attachment":[{"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/media?parent=130424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/categories?post=130424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/xira.com\/p\/wp-json\/wp\/v2\/tags?post=130424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}