Law Practice Management

Year’s End a Crucial Time for Law Firms Paying Down Credit Lines

By Debra Cassens Weiss

Nov 21, 2008, 09:37 am CST

Some troubled law firms could have trouble paying down credit lines by the end of the year as required by their banking agreements.

Credit agreements usually require law firms to keep a zero balance for 30 consecutive days, experts told the Am Law Daily. They acknowledged… full story