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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.
Thankfully, there’s a better way your firm can accept payments, and that is through an electronicpayment system. Electronicpayment is essential for law firms who want to provide the best experience to their clients and wish to increase the firm’s revenue. What are ElectronicPayments?
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%.
If you’re reading the Rocket Matter blog, it’s safe to say that you want your firm to succeed in 2023. And it’s only natural to assume that buying whatever project management software is popular at other firms you admire might help you meet that goal. . Electronicpayments . Brace yourself. . Brace yourself.
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%
In this blog post, we’ll cover what you need to know about law firm revenue. 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.
For large law firms, legal billing software is especially important for saving time, ensuring compliant billing processes , and driving profitability while managing many clients and cases at the same time. In the following blog post, we’ll explore how to find the best legal billing software for large firms like yours.
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