New data shows small firms collect payments faster than BigLaw counterparts

According to a recent ABA Journal article, new data reveals that many small law firms are outperforming their BigLaw counterparts when it comes to collecting payments more swiftly. The findings, published on July 9, 2026, highlight the efficiency of small firms in invoicing and securing payments, which could be attributed to their streamlined operations and closer client relationships. Despite the assumption that larger firms with more resources would have an advantage, it seems the agility and personalized service of smaller practices give them a significant edge. This trend is prompting many in the legal field to reevaluate the conventional wisdom about operational efficiency and client management within larger law firms. The article underscores the importance of adopting best practices from smaller firms, which may include leveraging technology for faster and more efficient billing processes. Overall, the discussion sheds light on how small practices are setting new standards in financial operations that even the most established law firms might emulate to enhance their performance.

ABA Journal

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