Law Technology Today

AUGUST 24, 2023

As a law firm, it’s crucial to be aware of the significant risk posed by the commingling of funds and take proactive measures to prevent it. Best Practices to Guard Against Commingling To ensure your law firm does not engage in commingling, it is essential to establish and maintain separate operating and trust accounts.

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LawSites

SEPTEMBER 28, 2021

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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LawSites

MAY 5, 2021

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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Attorney at Work

JANUARY 20, 2022

Law firms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must law firms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Trends to Watch in 2022.

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LawSites

NOVEMBER 14, 2022

Yet despite it all, smaller law firms have a bullish outlook on their future prospects — and with good reason. Small Law Firms survey conducted by Thomson Reuters, in collaboration with the American Bar Association’s Solo, Small Firm and General Practice Division. So says the 2022 State of U.S.

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LawSites

APRIL 18, 2023

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. The bad: They are much more likely than non-solo lawyers to work nights and weekends.

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Clio

JUNE 14, 2023

This can occur when a lawyer holds their funds in the same account as their clients, for instance. of the ABA Model Rules of Professional Conduct, which governs a lawyer’s duties in safekeeping property of clients or third parties. For example, an attorney could deposit personal or law firm funds into the client trust account.

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Lawyerist

AUGUST 1, 2024

Subscribers to Clio Manage track billable events, send invoices, receive electronic payments, and track trust account activities. But seeing a complete picture of the firm’s financial health required integration with either QuickBooks or Xero. What Does This Mean for Lawyers? But now that has changed.

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MatterSuite

AUGUST 6, 2023

Are you a busy lawyer struggling to balance the demands of legal practice with the complexities of managing your law firm’s finances? Leaving little time to focus on the critical aspect of running a successful law firm — financial management. If so, you’re not alone.

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LawSites

OCTOBER 26, 2021

The Clio Cloud Conference is always the occasion for the law practice management company to announce new and enhanced products, and today’s kick-off of this year’s event was no different, with CEO Jack Newton unveiling what he described to me as the most important product release since Clio’s debut 13 years ago.

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LawSites

MARCH 1, 2022

Lawmatics , a company whose product provides client relationship management (CRM), client intake and marketing automation for attorneys, is now adding timekeeping and billing tools, with the goal of offering law firms a comprehensive platform with everything they need to manage their administrative sides.

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LawSites

DECEMBER 6, 2022

In the latest episode of our video series How It Works , we learn about LawPay , the electronic payments solution developed specifically to help law firms streamline billings and collections by providing a simple, secure way for legal clients to pay their bills online.

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LawSites

OCTOBER 13, 2021

Paradigm says it has seen substantial growth in recent years as law firms have moved to cloud-based products, and that it currently serves 11,000 law firms. LawNext: How One Company Aims to Change the Paradigm for Law Practice Management (May 24, 2021). PracticePanther Now Has Native E-Signatures (June 3, 2021).

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Clio

AUGUST 9, 2023

As the legal industry’s most in-depth examination into the state of legal practice, the Legal Trends Report brings together critical insights about law firm performance. This report helps mid-sized firms navigate modern challenges, distinguish themselves from smaller firms, and unlock new opportunities.

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Clio

AUGUST 9, 2023

As the legal industry’s most in-depth examination into the state of legal practice, the Legal Trends Report brings together critical insights about law firm performance. This report helps mid-sized firms navigate modern challenges, distinguish themselves from smaller firms, and unlock new opportunities.

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Rocket Matter

FEBRUARY 24, 2023

Poor cash flow is a problem that no law firm wants to have. For a law firm, client portals make it more likely that clients will pay their bills on time. Law firms who accept online payments typically get paid faster, and those payments are easier to track for all parties.

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Legal Tech Monitor

OCTOBER 30, 2023

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. A boom in lawyer productivity While inflation and lending rates have risen over the past few years, so too have lawyer caseloads and the cost of legal services.

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Martindale-Avvo

MAY 23, 2024

The idea still might feel foreign to those who run professional practices, like solo or small law firms. Although it might feel comfortable to stick with the paper check or walk-in-to-pay system, there are numerous benefits to accepting e-payments. What Are E-Payments? How Can E-Payments Help Your Law Firm?

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CaseFox

AUGUST 2, 2023

Is your law firm still accepting payments from clients through traditional methods? Are you looking for different lawyer payment methods? These days, clients are looking for convenience, security, and flexibility while making payments for legal services. Are Law Firms Allowed To Accept Online Payments?

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LawSites

JUNE 9, 2022

In a deal that is sure to shake-up the already hyperactive market for law practice management software, AffiniPay , the parent company of the electronic payments platform LawPay , has acquired the law practice management company MyCase. In our interview this week, I asked her how this deal fit that condition.

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LawSites

OCTOBER 10, 2022

As part of its Clio Grow product, Clio now offers lawyers the ability to create simple, no-code, one-page websites. Once launched, the sites connect to other tools within Clio to enable online appointment scheduling, client intake, electronic payments and Google Analytics. Enhancements to Payments and Billing.

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Clio

OCTOBER 24, 2023

Law firms that fail to integrate this technology risk falling behind in a competitive market. They may face challenges such as slower payment processing times, increased administrative work, and potential loss of clients to more tech-savvy competitors. What is a digital wallet?

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LawSites

FEBRUARY 27, 2023

First up is the online payments company LawPay , which today is announcing a new product tier, LawPay Pro, that enhances the standard LawPay electronic payments platform with the addition of legal billing features.

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LawSites

AUGUST 31, 2022

It has been a notable year for the practice management company MyCase , one in which it made four notable acquisitions of other practice management products, and then itself was acquired by AffiniPay , the parent company of the electronic payments platform LawPay. Read more about MyCase at the LawNext Legal Technology Directory.

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LawSites

JULY 13, 2022

LollyLaw , a cloud-based practice management platform designed for immigration lawyers, is today launching a native electronic payments platform, LollyPayments. The new e-payments capability enables LollyLaw customers to collect and reconcile payments without having to switch between LollyLaw and third-party vendors.

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Legal Tech Monitor

APRIL 18, 2023

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. The bad: They are much more likely than non-solo lawyers to work nights and weekends.

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LawSites

OCTOBER 7, 2022

As we continue to emerge from the pandemic, I asked Newton how he sizes up the legal profession today and what he sees as the impact of the pandemic on the practice of law. Many law firms emerged from the pandemic better and stronger than before, he said. Legal Trends Report. Clio’s Place in the Legal Tech Landscape.

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LawSites

OCTOBER 26, 2021

The Clio Cloud Conference is always the occasion for the law practice management company to announce new and enhanced products, and today’s kick-off of this year’s event was no different, with CEO Jack Newton unveiling what he described to me as the most important product release since Clio’s debut 13 years ago.

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Clio

MAY 8, 2024

. – Jodi Donato, Donato Law In the fast-paced environment of law, staying on top of billing best practices isn’t just beneficial; it’s essential for building trust with your clients, improving your realization rate and cash flow, and growing your practice.

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Clio

OCTOBER 10, 2023

As the legal industry’s most in-depth examination into the state of legal practice, the 2023 Legal Trends Report brings together critical insights on the biggest challenges facing modern law firms. This is especially true for lawyers. Utilization rate: how much of a lawyer’s eight-hour day gets put towards billable work.

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LawSites

MARCH 8, 2023

. – Dan Lear and Bob Ambrogi, series editors Dan Lear, Head of Marketing and Partnerships at Gravity Legal Dan Lear is head of marketing and partnerships at Gravity Legal, an electronic payments and money management firm built specifically for lawyers and law firms.

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Legal Tech Monitor

MARCH 8, 2023

. – Dan Lear and Bob Ambrogi, series editors Dan Lear, Head of Marketing and Partnerships at Gravity Legal Dan Lear is head of marketing and partnerships at Gravity Legal, an electronic payments and money management firm built specifically for lawyers and law firms.

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Clio

SEPTEMBER 3, 2024

Running a large law firm is a balancing act with many moving pieces—especially when it comes to law firm billing. Legal billing software streamlines many essential billing tasks for law firms—like tracking billable hours and expenses, creating invoices, and managing payment collections. It’s scalable.

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LawSites

NOVEMBER 22, 2022

Today, in its first international expansion of the technology, Clio released Clio Payments to the Canadian legal market, enabling its customers there to offer their clients electronic payment options, including flexible payment schedules. “Financial matters bear a heavy burden on firm operations, time and revenue.

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