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Home | BakerHostetler

Analysis of Texas House Bill 21 – Property Tax Exemptions for Housing Finance Corporations Owning Affordable Housing

BakerHostetler Assists Hornblower Group with Travel + Leisure Partnership

BakerHostetler Team Advises Altaline Capital Management, LLC in Investment in Brazos Safety Systems, LLC

BakerHostetler Team Earns Litigator of the Week Runner-Up Honors for Gaining New Trial for Death Row Inmate

A recent survey of major law firms by Citi Global Wealth at Work Law Firm Group found collection cycles are lengthening this year, according to a June 23, 2023, article in&nbsp;<em>The American Lawyer</em>&nbsp;titled “Big Law Collections Slow Down as Clients Hold Onto Cash Longer.”

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In an interview for the article, Chairman Paul Schmidt said he has noticed client payments beginning to slow. “People are getting concerned about a recession,” he told the publication. “They start to quietly pay us a little bit more slowly, hang onto their cash a little bit longer.”

While the sense of volatility is a little bit concerning, BakerHostetler hasn’t experienced a big financial impact, he said.

<a href="https://www.law.com/americanlawyer/2023/06/23/big-law-collections-slow-down-as-clients-hold-onto-cash-longer/?kw=Big%20Law%20Collections%20Slow%20Down%20as%20Clients%20Hold%20Onto%20Cash%20Longer&amp;utm_source=email&amp;utm_medium=enl&amp;utm_campaign=morningupdate&amp;utm_content=20230623&amp;utm_term=tal&amp;oly_enc_id=2804I9425078B6Wn" target="_blank" rel="noreferrer noopener">Read the article.</a>

Paul Schmidt Discusses Indicators of Concern Among Clients About Economy

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