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Showing posts from June, 2020

Large Companies and Invisible 90 Day Payment Policies

  This has happened to our companies so many times over the years that we almost sigh whenever a large organisation or company wants to do business with us. We know that although there may be plenty of work coming our way, we are not going to get paid for a substantial period of time afterwards. Example Take recent work for a university. We undertook their order, spent considerable time making sure that everything we were doing was satisfactory for them, the institution had specific requirements that resulted in us needing to invest in further technology and software updates, and we completed the work as they requested. The invoice we submitted was not substantial and we had costs ourselves that had to be met out of our accounts whilst we waited for payment. 87 Days - a pure coincidence? Our payment terms are 21 days. We got to the end of the 21 days and issued our usual set of reminders, one after 7 days, another one 7 days later and a final one 7 days after

Legal Recruitment News June 2020

Legal Recruitment News June 2020 - articles on the legal profession, legal job market updates, hourly rates, careers advice and more. http://www.legal-recruitment.co.uk/legal-recruitment-news-june-2020/ Jonathan Fagan is Managing Director of Ten-Percent Legal Recruitment and a non-practising Solicitor. Ten-Percent Legal Recruitment provides online Legal Recruitment for Solicitors, Legal Executives, Fee Earners, Support Staff, Managers and Paralegals . Visit our Website to search our Vacancy Database. Our Legal Careers Shop has eBooks on CV Writing for Lawyers, Legal Job Interview Guide, Interview Answers for Lawyers, NQ Career Guide, Guide to Finding Work Experience or a Training Contract and the Entrants Guide to the Legal Profession.