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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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Clients Are Spending More on Legal Tech: Can Smaller Firms Keep Up?

Attorney at Work

the percentage of in-house legal budgets spent on technology is expected to increase threefold by 2025 from 2020 levels as legal departments “increase spending on technology to reduce the dependency on outside counsel, address COVID-19, and satisfy a long-overdue need to modernize, digitize and automate legal work.”.

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Paradigm, Parent to Three Practice Management Platforms, Acquired By Francisco Partners

LawSites

Originally called ASG LegalTech, Paradigm was formed by Alpine SG (ASG), a software platform company backed by Alpine Investors. It began by acquiring Bill4Time in 2017, followed by PracticePanther in 2018, MerusCase in 2019, and Headnote in 2020. billion, making it the first law practice management company to achieve unicorn status.

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New LawPay/MyCase Survey Provides Insights Into The Tech That Matters For Smaller Law Firms

LawSites

.” In reaching this conclusion, the report drills down into the types of software that smaller firms are using and consider important, demonstrating that the majority of firms have moved to the cloud and are committed to technologies that facilitate remote working. Increased Adoption of Cloud Software. Accounting software, 40%.

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Small Firm Lawyers Are Awash with Optimism about their Practices, Thomson Reuters Survey Finds

LawSites

The average law firm attorney spends just 56% of their time practicing law, down from 58% in 2020. Most often to case management software, billing and invoicing software, and practice management software. Some of it is also going to non-legal specific tech, such as websites, hardware, and billing or accounting software.

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Payment Plan: Abacus Payment Exchange Offers Law Firms New Ways to Get Paid

Attorney at Work

Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for law firms. If queried, most law firms would point to March of 2020 as the point in time that everything changed. Flex Appeal: Payment Options in Abacus Payment Exchange.

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Everything You Need to Know About Law Firm Revenue

Clio

According to the 2020 Martindale-Avvo Attorney Compensation Report , the average 2019 compensation for providing billable legal services for a solo law firm was $150,000 per year. For example, you can use software like Clio Grow to automate your firm’s client intake process. Accept credit cards and online payments.