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Exclusive: Bill4Time Launches Fully Integrated Electronic Payments

LawSites

The pandemic has made it more essential than ever before for law firms to accept electronic payments. Clients who now pay everything else online have no appetite for lawyers who require paper payments. Plus, law firms that accept e-payments get paid faster and increase their collections, studies suggest.

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Tabs3 and CosmoLex Launch Their Own E-Payments Services

LawSites

Both companies already offered credit-card processing through third-party providers — Tabs3 through LawPay and ProPay and CosmoLex through LawPay — but these new services support electronic payments natively within each platform. It allows firms to: Include a payment link when emailing statements.

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Electronic Payments: How They Benefit Your Law Firm

Clio

When it comes to payments, is your firm giving clients the flexibility they desire and deserve? Electronic payments are essential if you want to provide an excellent client experience while increasing your firm’s efficiency and revenue. What are electronic payments? Electronic payments can take many forms.

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On the Road with Clio Cloud 2020

Legal Talk Network

Clio COO George Psiharis shared highlights from the 2020 Legal Trends Report and the three things firms did with cloud technology that put them at an advantage over their competitors. The Legal Trends Report shows that 27% of lawyers still don’t accept electronic payments.

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Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

LawSites

It began by acquiring Bill4Time in 2017, followed by PracticePanther in 2018, MerusCase in 2019, and Headnote in 2020. The firm was named this week as top performer in the 2020 HEC-Dow Jones Private Equity Performance Ranking, rising from 16th in 2019. Exclusive: Bill4Time Launches Fully Integrated Electronic Payments (May 11, 2021).

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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.

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Small Firm Lawyers Are Awash with Optimism about their Practices, Thomson Reuters Survey Finds

LawSites

The average law firm attorney spends just 56% of their time practicing law, down from 58% in 2020. It is interesting that the survey appears not to have asked about electronic payments technology — a technology whose use appears to have soared in recent years, according to other surveys. 2020 Survey. . 2020 Survey. .

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