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

Attorney at Work

Trends to Watch in 2022. We are seeing several trends in the practice of law and coinciding legal technology currents that will impact law firms in 2022. The wide acceptance of electronic payment methods in e-commerce is expanding rapidly across all segments of the economy, and the legal industry is no exception.

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LawPay’s New ClientCredit Option Allows Clients to ‘Buy Now, Pay Later’

LawSites

Now, the electronic payments company LawPay is bringing buy now, pay later financing to the legal industry. It will soon begin rolling out a new payment-financing option for legal clients, ClientCredit , which allows clients to pay for legal services over time while the law firm receives 100% of the invoiced amount upfront. .

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Everything You Need to Know About Law Firm Revenue

Clio

Our 2022 Legal Trends Report found that the rate of inflation is outpacing the Billable Hour Index. Interestingly, though, when reflecting on revenue in the year ahead, a 2022 State of Small Law Firms Study found that most small firm lawyers had high expectations for their key financial metrics. billion in revenue in 2022.

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The Good and the Bad of Solo Practice, Per Clio’s Latest Legal Trends Report for Solos

LawSites

In fact, during 2022’s “Great Resignation,” a third of lawyers who quit their jobs did so to start their own solo practices, according to Legal Trends for Solo Law Firms , a report published today by law practice management company Clio.

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

LawSites

So says the 2022 State of U.S. For solos and firms of 2-6 lawyers, their evaluation of their success dipped last year but rebounded in 2022. “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.

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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%.