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

Law Technology Today

In this article, we will explore the basics of commingling funds, discuss its consequences, and provide effective strategies for avoiding inadvertent commingling. Embracing digital tools, such as electronic payment processing and trust accounting software , is highly recommended.

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Project Management Essentials for Law Firms in 2023

Rocket Matter

And because of the robust security measures available in Rocket Matter’s document management tools, you can do so without fear of compliance issues.) . Electronic payments . That’s why Rocket Matter offers all of the project management tools we’ve discussed in this article (plus some) for as little as $39 per month.

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Clio Releases Law Firm Accounting Software for Small Firms

Lawyerist

Subscribers to Clio Manage track billable events, send invoices, receive electronic payments, and track trust account activities. As law firms navigate the complexities of trust accounting and compliance, the need for a specialized solution has never been greater,” states Hemant Kashyap, Chief Product Officer at Clio.

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The Complete Guide to Solo Attorney Website Design

Clio

Online payment options One of the most impactful methods of addressing lockup is by including electronic payment options on your website to enable clients to pay online. Electronic payments improve your client experience and decrease your volume of delayed or unpaid invoices, which improves your cash flow.