Failure to adhere to legal hold requirements can result in severe repercussions, jeopardizing the integrity of legal proceedings and exposing organizations to significant legal and financial risks.

With its fiscal year ending Feb. 28, Montgomery McCracken Walker & Rhoads is about to enter the five-week collections crunch time most firms on a calendar fiscal year just survived. Like many firms, ...

We collaborate with the world's leading lawyers to deliver news tailored for you. Sign Up for any (or all) of our 25+ Newsletters. Some states have laws and ethical rules regarding solicitation and ...

Big Law's emphasis on improving the billing and collections process is confronting challenges and variance in practice area performance. Many law firms are seeking to improve their billing and ...

Key Takeaways Commercial debt collection agencies typically charge contingency fees ranging from 15% to 50% of ...

This guide was reviewed by a Business News Daily editor to ensure it provides comprehensive and accurate information to aid your buying decision. The decision to send someone to collections is one ...

Think you can ignore a $50 debt without consequences? Think again. While there’s no legal minimum for collections, even tiny unpaid amounts can haunt your credit score—and the threshold that triggers ...