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Process of billing and payment collection is not anyone’s favorite part. For some,it can be very daunting and time consuming. But they are crucial for the law firm. Thankfully, there’s a better way your firm can accept payments, and that is through an electronicpayment system. What are ElectronicPayments?
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.
It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your law firm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average law firm revenue?
For a law firm, client portals make it more likely that clients will pay their bills on time. Portals can support steadier liquidity for your firm while reducing the time it takes to follow up, and minimizing the need to have those awkward payment conversations with clients.
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