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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? Scheduled payments.
It’s also an important metric for lawfirm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your lawfirm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average lawfirm revenue?
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.
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.
A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller lawfirms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Firms Ready for Remote Work.
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%
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must lawfirms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Trends to Watch in 2022.
Paradigm says it has seen substantial growth in recent years as lawfirms have moved to cloud-based products, and that it currently serves 11,000 lawfirms. ” Related Posts: How It Works : PracticePanther, Cloud-Based Law Practice Management Software (Sept. 22, 2020).
Lawmatics , a company whose product provides client relationship management (CRM), client intake and marketing automation for attorneys, is now adding timekeeping and billing tools, with the goal of offering lawfirms a comprehensive platform with everything they need to manage their administrative sides.
What with COVID, the economy and the day-to-challenges of practicing law and managing a firm, it’s been a tough three years. Yet despite it all, smaller lawfirms have a bullish outlook on their future prospects — and with good reason. So says the 2022 State of U.S. Where are those tech dollars going?
As the legal industry’s most in-depth examination into the state of legal practice, the Legal Trends Report brings together critical insights about lawfirm performance. This report helps mid-sized firms navigate modern challenges, distinguish themselves from smaller firms, and unlock new opportunities.
As the legal industry’s most in-depth examination into the state of legal practice, the Legal Trends Report brings together critical insights about lawfirm performance. This report helps mid-sized firms navigate modern challenges, distinguish themselves from smaller firms, and unlock new opportunities.
Lawfirms looking to improve collection rates should consider online billing and payment options, according to new data from Clio’s 2023 Legal Trends Report. Based on its data, Clio said the time lawfirms spend adding small efficiencies is leading to significant long-term gains. as well as a survey of 1,446 U.S.
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. .”
My dad had a small lawfirm. He was a professor at UCLA law school, which is how I came to be raised in California. The idea of providing such powerful technology, that’s really simple and easy to use, that helps them manage the financial side of their firm, to give them hours back in the day to take care of their clients.
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 lawfirm get paid faster.
Once launched, the sites connect to other tools within Clio to enable online appointment scheduling, client intake, electronicpayments and Google Analytics. Newton told me that the sites are intended for individual lawyers only, not as a full lawfirm site. Enhancements to Payments and Billing. Effective Oct.
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.
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.
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 lawfirms.
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