Law Firm Accounts Receivable Management & Collection Program Expanded

Date: 12/1/2009

ST. LOUIS, MO., December 1, 2009 . . .

Olmstead & Associates Legal Management Consultants today announced expansion to their Law Firm Accounts Receivable Management and Collection Program.

The program is designed to help law firms:

• Improve cash flow.
• Put more money in the bank – quicker.
• Reduce the percentage of total accounts receivable that is delinquent – past due.
• Help identify problems or reasons for non-payment.
• Maintain/improve client relationships.

Many law firms are struggling with maintaining adequate cash flow and looking for ways improve the management of their accounts receivable and collection processes. Our Accounts Receivable Management and Collection Program is designed to provide law firms with an experienced outsourced credit manager.

“As skilled client service professionals we serve as an extension of your firm. Unlike collection agencies we back up (or serve as) your internal efforts by conducting follow-up calls and presenting ourselves as your credit manager – an extension of your office.”

“Success without alienation – Many third-party collection agencies are too aggressive and can cause client alienation. Successful collection resolution takes experience, know-how and superior negotiating and mediating skills. We will approach your clients with professionalism and finesse.”

Olmstead & Associates provides general practice management, outsourced project management, coaching, marketing, and technology consulting services. Their coaching program provides attorneys and staff with one-on-one coaching to help them get “unstuck” and move forward, reinventing both themselves and their law practices. Life On Balance helps clients improve work-life balance and improve overall quality of work and life. Work-life coaching, consulting, and speaking services are provided. Founded in 1984, Olmstead & Associates serves clients across the United States ranging in size from 100 professionals to firms with solo practitioners.

For more information about Olmstead & Associates and its services, Contact Us or call (314)241-5665.

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