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When it comes to payments, is your firm giving clients the flexibility they desire and deserve? Electronicpayments are essential if you want to provide an excellent client experience while increasing your firm’s efficiency and revenue. What are electronicpayments? Electronicpayments can take many forms.
It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. According to the 2020 Martindale-Avvo Attorney Compensation Report , the average 2019 compensation for providing billable legal services for a solo law firm was $150,000 per year.
The 2022 Legal Industry Report was compiled by the electronicpayments company LawPay and the law practice management company MyCase, both of which are owned by AffiniPay , based on a survey of more than 2,300 legal professionals during August and September. Legal billing and time-tracking software, 42%. ”
As the Clio Cloud Conference kicked off in Nashville this morning – the conference’s 10 th anniversary and its first time live since 2019 – Clio founder and CEO Jack Newton took to the stage to deliver a keynote address, during which he announced several new products and product enhancements. Enhancements to Payments and Billing.
AMBROGI: On that point of the growth that Amy and the team have built, I think the press release announcing your hire said that the company is on track to process more than $13 billion in payments in 2021. I read that the company’s revenue grew 75% from 2017 to 2019, and that it finished 2020 with about $80.5
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