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FoxMandal Delhi pays lawyers' back-salaries

FoxMandalLittle_Delhi_office_th
FoxMandalLittle_Delhi_office_th
FoxMandal Little's Delhi office has paid its fee-earners the salaries it owed them, after the firm was unable to pay for two months due to cash flow difficulties.

FoxMandal managing partner Som Mandal said that all salary payments to fee-earners were now up-to-date, having been paid out in the last two weeks.

The office's partners have still not received their drawings but Mandal said that he hoped that this would happen by the end of this month, although precise details still needed to be worked out.

He said that the firm has improved its cash flow situation by improving collection of outstanding client bills. "We were able to push a lot of our clients to pay back dues owed."

It is understood that other financing has also been arranged privately. Mandal declined to comment.

The Delhi office ran into trouble last month in paying fee-earners because lock-up had doubled from up to 90 days to as much as six months, according to Mandal.

The firm is currently in the process of implementing further changes to prevent such cash flow difficulties from occurring in future.

FoxMandal's offices other than Delhi have been unaffected.

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