Briefing: Tech Your Cashflowaderantuser
Karen Bailey, regional director for strategy and growth for Aderant in EMEA, dissects the challenges for law firms in reducing lockup periods and improving their cashflow.
A fundamental lesson they teach in business school is about cashflow. A business can book revenue one month, and still go bankrupt the next. Why? Because in spite of the bookings, the business doesn’t have enough cash to cover expenses.