What slow collections cost Hunton Andrews Kurth
A $961M firm with 520 lawyers, 329 of them partners.
Fees sitting uncollected right now
Uncollected fees with Daylit
—
—
per lawyer · — across the firm
Paid 30 days sooner: 104 days instead of 134. — per lawyer moves into collected fees, and bonuses land sooner.
Bonuses are paid on collected fees, not billed ones. The average firm takes 134 days to collect, so about percent of each lawyer's billings is always waiting. So is the bonus.
Hours each lawyer spends chasing payment
Hours spent chasing payment with Daylit
—a month
—a month
per lawyer · — a month across the firm
Daylit does the reminders, escalations and reconciliation. Each lawyer gets back — hours a month, — a year, for billable work.
Checking who paid, sending reminders, following up again. 8 hours a month is — hours a year being a bill collector.
Hours your collections team spends typing out manual emails and adding notes into Aderant Expert
Hours your collections team spends typing out manual emails and adding notes into Aderant Expert with Daylit
—a month
—a month
— collectors · — a day each
Daylit writes the emails and the notes. Every reminder, reply, promise and dispute lands in Aderant Expert on its own. The team keeps the conversations and loses the typing.
One collector per 12 partners. Each spends about 4 hours a day writing follow-up emails by hand and copying them into Aderant Expert as notes.
Invoices paid sooner. Bonuses hit sooner. Nobody went to law school to collect invoices.
Assumptions
Uncollected = revenue × days to collect ÷ 365. 134 days is the law-firm average.
Hours are per lawyer; 8 is a conservative read of the usual 10 to 20.
Collectors = partners ÷ 12. Email and note hours = collectors × daily hours × 21 working days.
Bonuses are typically paid on collected working-attorney fees above a salary multiple.