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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.
Or skip ahead to download the 2025 Legal Trends for Mid-Sized Law Firms report and get even more insights on AI, alternative payment options, client marketing, firm spending, and more! Download the 2025 Legal Trends for Mid-Sized Law Firms report ! Where does the data come from? Ready to dive into these topics in more detail?
Solos also are more likely to use online solutions for video conferencing, electronicpayments, website design, e-signatures, and data storage. There is much more information in the full report, so be sure to download it and check it out. Those are quick takeaways from the report.
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. You can download this latest report from PracticePanther.
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. Document management software, 43%. Laid the Foundation.
This can further reinforce on-time payments and give your clients time to prepare if they need to budget for an unexpected charge. 12 Legal Payment Processing Features to Look For Want to see a healthier cash flow and happier clients? Start accepting payments online! Start accepting payments online!
The report finds that firms are leaning into technology that allows them to better track billable hours, manage invoicing, and accept electronicpayments. Of course, one way to address this is through electronicpayments. Improving firm finances.
Solos also are more likely to use online solutions for video conferencing, electronicpayments, website design, e-signatures, and data storage. There is much more information in the full report, so be sure to download it and check it out. Those are quick takeaways from the report.
In fact, firms that collect 75% or more of their payments online collect half of their bills within three days of issuing them—five times faster than firms that don’t collect electronicpayments at all. Having a link available to your clients alongside their bill can dramatically improve payment time.
We also see a strong connection between law firms with a high percentage of bills that are paid electronically and how quickly they get paid—firms that collect 75% or more of their paymentselectronically collect half of their bills within three days of issuing them. Download your copy of the 2023 Legal Trends Report today.
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