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Paradigm — the parent company to practicemanagement platforms PracticePanther , Bill4Time and MerusCase and payments platform Headnote — is being acquired by Francisco Partners , a major investment firm that specializes in investments in technology businesses. Hot Market for PracticeManagement.
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.
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. Thank You To Our Sponsors. This episode of LawNext is generously made possible by our sponsors.
Technology providers are responding to this shift with practice-specific tools and features and integrations with courts, regulatory bodies and other industry resources. Related: “8 Legal Practice Areas Growing in 2021 and Beyond” Document automation levels up. Legal tech meets fintech. Remote work is here to stay.
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 law firms a comprehensive platform with everything they need to manage their administrative sides.
The 2022 Legal Industry Report was compiled by the electronicpayments company LawPay and the law practicemanagement 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%.
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%
Paradigm , the parent company to four legal practicemanagement 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.
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. 2020 Survey.
In a deal that is sure to shake-up the already hyperactive market for law practicemanagement software, AffiniPay , the parent company of the electronicpayments platform LawPay , has acquired the law practicemanagement company MyCase. “It’s simple, it’s powerful, its customers love it.
Data from Clio’s 2022 Legal Trends Report further supports this—showing that firms that use cloud-based legal practicemanagement software were 11% more likely to have strong revenue streams. Accept credit cards and online payments. According to the 2022 Legal Trends Report , the average collection rate was 89% in 2021.
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. We appreciate their support and hope you will check them out.
In October 2021, Clio , the law practicemanagement company, launched Clio Payments , native e-payments technology built into the Clio Manage law practicemanagement platform — a launch that CEO Jack Newton described at the time as the company’s most important product release since its debut in 2008.
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. Where does the data come from?
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. Where does the data come from?
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