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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.
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. The way that people want to pay for things—from everyday items to legal services—has shifted.
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. The way that people want to pay for things—from everyday items to legal services—has shifted.
Dru Armstrong, who became CEO of AffiniPay in July 2021. Jim McGinnis, who was named MyCase CEO in January 2021, after having most recently been EVP/GM of Wolters Kluwer’s Tax and Accounting North America Professional Segment.
MerusCase Adds Rules-Based Calendaring Through Integration With CalendarRules (July 20, 2021). PracticePanther Now Has Native E-Signatures (June 3, 2021). LawNext: How One Company Aims to Change the Paradigm for Law Practice Management (May 24, 2021). 22, 2020).
Not surprisingly, the pandemic drove greater use of electronicpayments across all industries, with the volume of electronicpayments up 11.2 % in the first quarter of 2021 over the prior year. With e-payments, the time it took firms to collect invoices decreased by 20.4%, and their collections increased by 6.7%
Related: “8 Legal Practice Areas Growing in 2021 and Beyond” Document automation levels up. The wide acceptance of electronicpayment methods in e-commerce is expanding rapidly across all segments of the economy, and the legal industry is no exception. Legal tech meets fintech.
The company also is adding new electronicpayment capabilities through a partnership with Gravity Legal , a credit card and bank transfer acceptance platform specifically designed for law firms. Think ACRM, your Attorney-Client Relationship Management platform.”
In the 2021 survey, repeat business was the most commonly cited definition of success, followed closely by client satisfaction ratings and work/life balance. “The percentage of small firm lawyers who view such websites as major competitors took a significant jump in 2021 and has remained elevated in 2022.
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. Document management software, 43%.
Accept credit cards and online payments. According to our 2019 Legal Trends Report , law firms that accept electronicpayments get paid faster. In fact, 57% of electronicpayments get paid within the same day they are billed and 85% get paid within a week.
Joining Bob are: Dru Armstrong, who became CEO of AffiniPay in July 2021. Jim McGinnis, who was named MyCase CEO in January 2021, after having most recently been EVP/GM of Wolters Kluwer’s Tax and Accounting North America Professional Segment.
In October 2021, Clio , the law practice management company, launched Clio Payments , native e-payments technology built into the Clio Manage law practice management platform — a launch that CEO Jack Newton described at the time as the company’s most important product release since its debut in 2008.
Once launched, the sites connect to other tools within Clio to enable online appointment scheduling, client intake, electronicpayments and Google Analytics. Enhancements to Payments and Billing. Users can create sites by filling out their information on a form and selecting a design.
With this in mind, you may be wondering if offering payment options like ACH payments could benefit your business, and your clients. As a secure electronicpayment method, the ability to accept ACH payments quickly and easily allows you to give your clients a seamless payment experience while helping your law firm get paid faster.
In a deal that is sure to shake-up the already hyperactive market for law practice management software, AffiniPay , the parent company of the electronicpayments platform LawPay , has acquired the law practice management company MyCase. “It’s simple, it’s powerful, its customers love it.
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. Is that an accurate statement of the revenue and the growth and the payments you’re processing right now?
Paradigm , the parent company to four legal practice management and payments products — PracticePanther , Bill4Time , MerusCase and Headnote — today adds a fifth, as it acquires TrustBooks , the cloud-based accounting software built specifically for law firms. “You can come to Paradigm and do everything you need to run your firm.”
Not surprisingly, scores of companies are already using this form of payment: in 2022, the ACH Network processed a whopping 30 billion eCheck payments. Saving time With eChecks and other electronicpayments, business owners save a great deal of time. By comparison, it costs businesses a medium of $1.01 of a transaction.
However, they recovered in 2021 and even increased their casework beyond pre-pandemic levels. For example, while mid-sized firms’ utilization rates (the number of hours put toward billable work as measured against an eight-hour workday) climbed slowly from 2019 to 2021, they dropped in 2022.
However, they recovered in 2021 and even increased their casework beyond pre-pandemic levels. For example, while mid-sized firms’ utilization rates (the number of hours put toward billable work as measured against an eight-hour workday) climbed slowly from 2019 to 2021, they dropped in 2022.
Law firms looking to improve collection rates should consider online billing and payment options, according to new data from Clio’s 2023 Legal Trends Report. Firms using online payment methods get paid twice as fast as those that don’t, according to the Legal Trends Report. And their clients will appreciate the efficiencies.
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