By: Michaela Paukner, [email protected]//December 24, 2020//
By: Michaela Paukner, [email protected]//December 24, 2020//
Plaintiffs’ attorneys have seen a 56% decline in case intake since the COVID-19 pandemic’s beginnings, according to a recent report from a law-firm lender.
Counsel Financial, which provides financing and other resources to plaintiffs’ firms, conducted an independent survey among plaintiffs’ attorneys. The survey found approximately 99% of respondents experienced some consequences at their firms because of the COVID-19 pandemic.
Attorneys who primarily litigate motor-vehicle and personal-injury cases among the hardest hit as stay-at-home orders kept people off the roads and out of public places. Cardinal Financial outlined its findings and offered strategies to manage firm cash flow in its “Planning in Uncertain Times” report.