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The Top Benefits of Electronic Payments for Law Firms 

CaseFox

Process of billing and payment collection is not anyone’s favorite part. For some,it can be very daunting and time consuming. Thankfully, there’s a better way your firm can accept payments, and that is through an electronic payment system. What are Electronic Payments?

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Best Law Firm Electronic Payment Processing Solutions

MatterSuite

Consider this common scenario: Sarah, a lawyer, is just happy about closing a complicated case for a satisfied client. Payment collection has always been a tedious process, full of chasing late payments, waiting for checks to clear and manual account reconciliation. She feels a wave of relief – it was a success!

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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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Commingling of Funds: What Lawyers Need to Know

Clio

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. What is the commingling of funds? This area is addressed in Rule 1.15 Want more Clio News?

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Everything You Need to Know About Law Firm Revenue

Clio

It’s also an important metric for law firm owners to track —especially if you want to grow your firm and improve your profitability. If you’re wondering what the average small law firm revenue potential is, the same report found that lawyers who worked in-house at a small law firm earned an average of $210,000 in 2019.

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As Its Conference Kicks Off, Clio Announces Its ‘Most Important Product Release Ever’ (and More)

LawSites

That product is Clio Payments, a native e-payments technology built into the Clio Manage law practice management platform, allowing lawyers to offer clients secure and compliant credit card, debit card and e-check payments. More on Clio Payments below, but, in addition, Clio today also announced: Clio for Clients.

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Safeguarding Against Commingling of Funds: Best Practices for Your Law Firm

Law Technology Today

What is the Commingling of Funds? First and foremost, commingling of funds occurs when you mix funds that belong to separate parties. As a lawyer, holding your funds in the same account as your clients puts you at particular risk. Recording transactions promptly allows for better tracking of incoming funds and their purpose.