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Do you know your law firm’s current collection rates? Firms that have mastered their collections processes may see numbers in the 90th percentile. On the opposite end of the spectrum, some legal practices grapple with collection rates in the 50th to 60th percentile range. Even more disturbing, many law firm leaders have no clue what their collection rates actually are, choosing instead to see these financial losses as the cost of doing business.…
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