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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.
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. The time-and-billing feature set will be offered to customers as an add-on to their subscriptions at an additional cost.
It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. Automate your processes with technology One of the biggest pain points for law firms is that too much time goes to mundane tasks. Track (and optimize) your law firm’s key metrics Knowledge is power.
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. Legal billing and time-tracking software, 42%. ”
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.
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?
As the Clio Cloud Conference kicked off in Nashville this morning – the conference’s 10 th anniversary and its first time live since 2019 – Clio founder and CEO Jack Newton took to the stage to deliver a keynote address, during which he announced several new products and product enhancements. Enhancements to Payments and Billing.
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. Based on its data, Clio said the time law firms spend adding small efficiencies is leading to significant long-term gains. And their clients will appreciate the efficiencies.
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