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
that
had
been
originally
projected
or
anticipated.
—
Kristin
Stark,
a
law
firm
management
consultant
at
Fairfax
Associates,
in
comments
given
to
the
American
Lawyer,
concerning
law
firms’
growing
anxiety
over
a
lag
in
collections
in
2025.
She
went
on
to
add
that
law
firms
aren’t
“hitting
the
panic
button”
just
yet.
Staci
Zaretsky is
the
managing
editor
of
Above
the
Law,
where
she’s
worked
since
2011.
She’d
love
to
hear
from
you,
so
please
feel
free
to
email
her
with
any
tips,
questions,
comments,
or
critiques.
You
can
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on Bluesky, X/Twitter,
and Threads, or
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with
her
on LinkedIn.