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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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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. Those are quick takeaways from the report.

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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%. Laid the Foundation.

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Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues

LawSites

Not surprisingly, the pandemic drove greater use of electronic payments across all industries, with the volume of electronic payments 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%

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Exclusive: Economic Optimism Among Smaller Law Firms Drives Increased Spending, But They Still Face Challenges Meeting Client Demands, New Survey Finds

Legal Tech Monitor

These are among the findings of the 2024 Small & Mid-sized Law Firm Report , published today by the law practice management company PracticePanther based on data collected during July and August 2023 from firms across the spectrum of practice areas. Of course, one way to address this is through electronic payments.

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

Legal Tech Monitor

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. Those are quick takeaways from the report.

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Highlights from the 2023 Legal Trends Report

Clio

One proven method of reducing your law firm’s lockup period is using cloud-based legal practice management (LPM) software. This is five times faster than a firm that doesn’t collect electronic payments at all. Download your copy of the 2023 Legal Trends Report today. This sample is representative of the U.S.