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

DECEMBER 14, 2022

A legal industry report released today by the sibling legal technology companies LawPay and MyCase provides unique insights into the technology tools that matter most to smaller law firms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Firms Ready for Remote Work.

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NSLT

NOVEMBER 27, 2023

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.

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NSLT

NOVEMBER 27, 2023

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.

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Rocket Matter

JANUARY 9, 2023

You might find this information shocking coming from the company that created the first online legal billing and law practice management software… . Want to safeguard your firm’s success in 2023? Electronic payments . Integrated electronic payments . Brace yourself. Really.) . Simple reporting .

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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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Lawyerist

AUGUST 1, 2024

Traditionally, one of clearest divisions in web-based law practice management systems was between products that supported billing and trust accounting, and those that offered billing, trust accounting, and general ledger accounting. Until July, Clio, one of the earliest, best-known, and most successful LPMS products stood in this category.

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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. This trend toward the increasing technology in law is echoed by industry analysts. Must law firms keep pace with their clients’ technology efforts?

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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

MARCH 21, 2023

LeanLaw , a company that provides a financial operating system for small and mid-sized law firms, said today it has raised $4 million in a Series A financing round led by FINTOP Capital. “We look forward to partnering with LeanLaw to help law firms operate smarter and improve their financial performance.”

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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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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. One clear takeaway is that there are both good and bad aspects to solo practice.

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Legal Tech Monitor

MARCH 21, 2023

LeanLaw , a company that provides a financial operating system for small and mid-sized law firms, said today it has raised $4 million in a Series A financing round led by FINTOP Capital. We look forward to partnering with LeanLaw to help law firms operate smarter and improve their financial performance.”

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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

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

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. This news comes amid a period of unprecedented investment in law practice management technology. Financial terms were not disclosed. 25, 2020).

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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

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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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. Based on its data, Clio said the time law firms spend adding small efficiencies is leading to significant long-term gains. as well as a survey of 1,446 U.S.

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Legal Tech Monitor

NOVEMBER 2, 2023

economy, smaller law firms are showing greater optimism about their futures, as evidenced by the face that they are either maintaining or increasing their 2023 budgets across most key categories, according to a survey report released today. Many of these firms are actually investing more in their practices instead of scaling back.”

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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

NOVEMBER 14, 2022

What with COVID, the economy and the day-to-challenges of practicing law and managing a firm, it’s been a tough three years. Yet despite it all, smaller law firms have a bullish outlook on their future prospects — and with good reason. This Week In Legal Tech: Exclusive Results Of A New Small-Firm Survey.

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Clio

JUNE 14, 2023

According to the comments on this rule, this means that funds belonging to clients and third parties must be kept in trust accounts, and law firms must maintain books and records on those accounts. A law firm must keep separate the funds in a separate operating account for the firm from the trust account funds.

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LawSites

NOVEMBER 1, 2022

Way back in 2020, I wrote about how the pandemic had escalated the importance of electronic payments as a feature of law practice management software. Payments are directly deposited into the law firm’s operating or trust account. Firms control where funds for retainers and invoice payments are deposited.

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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

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

OCTOBER 24, 2023

The law practice management platform Filevine has added the build-in ability for law firms to accept electronic payments from clients, capping off its suite of time and billing capabilities in a new feature set it calls Time Tracking, Billing, and Payments.

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LawSites

AUGUST 23, 2021

Last month, AffiniPay , parent of the popular legal payments platform LawPay , named Dru Armstrong as its new CEO. With degrees in both law and business from the University of Chicago, Armstrong was previously CEO of Grace Hill , a company that provides software for owners and operators of real estate properties.

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Clio

MAY 30, 2023

With this in mind, you may be wondering if offering payment options like ACH payments could benefit your business, and your clients. As a secure electronic payment method, the ability to accept ACH payments quickly and easily allows you to give your clients a seamless payment experience while helping your law firm get paid faster.

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Clio

MAY 25, 2023

Not surprisingly, scores of companies are already using this form of payment: in 2022, the ACH Network processed a whopping 30 billion eCheck payments. Saving time With eChecks and other electronic payments, business owners save a great deal of time. Kaitlyn Chiappetta, an Associate at the Law Office of Melanie J.

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LawSites

OCTOBER 10, 2022

Once launched, the sites connect to other tools within Clio to enable online appointment scheduling, client intake, electronic payments and Google Analytics. Newton told me that the sites are intended for individual lawyers only, not as a full law firm site. Enhancements to Payments and Billing. Effective Oct.

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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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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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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.

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LawSites

MARCH 8, 2023

Today, March 8, 2023, marks 10 years since Daniel Martin Katz , Renee Knake Jefferson and a group of colleagues and students from Michigan State University School of Law hosted ReInvent Law Silicon Valley at the Computer History Museum in Mountain View, Calif. This wasn’t just “another legal tech event.”

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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. Remaining Client Centered.

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