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18 August 2009

FoxMandalLittle_Delhi_office_thFoxMandal 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.

24 July 2009

mail_at_triLate salary payments are nothing new for some lawyers.

"It's a regular feature at some firms and the reason is that the managing partner might not feel like signing cheques on some days," muses one Delhi partner.

20 July 2009

rupees_thumbFoxMandal Little has not been able to pay fee-earners in Delhi their salaries as the office faces a liquidity crisis.

20 July 2009

rupees_thumbLong delays in recovering fees has become an increasing a problem for law firms whose clients are caught in the credit crunch, most recently preventing FoxMandal Little in Delhi from paying some of its staff their salaries.

"Lock-up is a big issue for most firms these days in particular collections on long-overdue invoices," says Kerma Partners legal consultant Friedrich Blase in New York and adds: "It's become harder for firms to collect on the work produced."