Assess client AR position when opening a new matter

QUESTION: How to assess the financial risk when opening new matters for existing clients? Is there something that tells the lawyers the AR position of a client when opening a new matter for an existing client?

RESPONSE: The new file intake and conflict of interest assessment process, offers the user access to the client's financial picture, when selecting “Financial Inquiry” from the right-click contextual menu of the client listed on the “Potential Conflicts” form and tab. The financial inquiry position is the result of the overnight process, and it includes YTD, Prior YTD and Life-to-Date period measures like net fees billed, credited or written-off, as well as balance sheet measures like AR and unbilled time values. The information can be captured and added to the conflict assessment e-mail process if used, to ensure stakeholders have visibility of financial risks before deciding on a new engagement.