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Alexander Nadmitov has made a report at the Pravo.ru conference “Economy of a law firm”.

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Alexander Nadmitov has made a report at the Pravo.ru conference “Economy of a law firm”.

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Alexander Nadmitov, the managing partner of “Nadmitov, Ivanov and Partners”, has made a report at the Pravo.ru conference “Economy of a law firm”.

In speech he has raised financial issues in the conduct of legal business. In particular, his report has been devoted to the peculiarities of legal business, effective handling with accounts receivable and to the role of financial accounting in the provision of legal services. Alexander Nadmitov has noted the importance of understanding between provider and the client that legal services are valuable, they are not ephemeral. A cornerstone in that is payment for provided services, which ensures the survival of the legal business.  It is necessary to pay careful attention to documenting commitments, to use advance payments system, to develop a strategy for recovery and conduct due diligence. The report has received wide public interest  and  reaction of the audience at the conference.

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