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

LawSites

Nearly six in 10 lawyers in small firms — which the survey defines as those of 29 lawyers or fewer — say they expect growth over the next 12 months in revenues per lawyer, billable hours, and profits per lawyer. Given this optimism, it should not be surprising that small firm lawyers consider themselves successful.

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

LawSites

In March 2019, ASG LegalTech went on to acquire a third practice management platform , MerusCase , which is tailored for lawyers in specific practice areas, including workers’ compensation, employment and personal injury. MerusCase Adds Rules-Based Calendaring Through Integration With CalendarRules (July 20, 2021). 22, 2020).

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

Attorney at Work

Related: “8 Legal Practice Areas Growing in 2021 and Beyond” Document automation levels up. Every gain in efficiency frees up lawyers to focus on high-value activities and increase billable work. With more lawyers working remotely, firms are more vulnerable than ever. Legal tech meets fintech.

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Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues

LawSites

Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments 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%

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New LawPay/MyCase Survey Provides Insights Into The Tech That Matters For Smaller Law Firms

LawSites

The 2022 Legal Industry Report was compiled by the electronic payments 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%.

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Everything You Need to Know About Law Firm Revenue

Clio

If you’re wondering what the average small law firm revenue potential is, the same report found that lawyers who worked in-house at a small law firm earned an average of $210,000 in 2019. Over 60% of small law firm lawyers expected high-to-moderate growth in revenues per lawyer, billable hours, and profits per lawyer.