This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
It’s also an important metric for lawfirm owners to track —especially if you want to grow your firm and improve your profitability. But how do you know if your lawfirm’s revenue is enough to grow and scale your business? And how does your firm’s revenue stack up against the average lawfirm revenue?
Abacus Payment Exchange (APX) is a proprietary tool that has been built from the ground up and engineered exclusively for lawfirms. If queried, most lawfirms would point to March of 2020 as the point in time that everything changed. Balance Forward: Introducing Abacus Payment Exchange (APX).
As a lawfirm, 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 lawfirm does not engage in commingling, it is essential to establish and maintain separate operating and trust accounts.
Lawfirms of all sizes are feeling pressure to meet client demand for both tailored services and greater efficiencies in this rapidly changing industry. Must lawfirms keep pace with their clients’ technology efforts? Increasing law practice specialization. According to Gartner Inc., Trends to Watch in 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 lawfirms in the post-pandemic era. Other types of cloud software used by firms: Calendar management software, 44%. Firms Ready for Remote Work.
As an attorney, you handle a plethora of important dates, deadlines, and tasks every day—and that’s without tracking all the case-related details! What’s more, your attorneys don’t need to be tied to their desks anymore; secure remote access to files enables your team to work from the courthouse or home. Electronicpayments .
Now, the electronicpayments 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 lawfirm receives 100% of the invoiced amount upfront.
Subscribers to Clio Manage track billable events, send invoices, receive electronicpayments, and track trust account activities. But seeing a complete picture of the firm’s financial health required integration with either QuickBooks or Xero. Clio’s accounting package targets firms with between one and four attorneys.
With its robust feature set, advanced functionality, and seamless integration, Tabs3 Cloud is the perfect solution for firms looking to enhance their digital presence and improve client satisfaction. The intuitive interface and user-friendly design make it simple for attorneys and staff to navigate and effectively use the software.
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 lawfirms a comprehensive platform with everything they need to manage their administrative sides.
Since the Model Rules are the basis for ethical rules for attorneys in numerous states, they serve as a good outline of lawyers’ ethical duties nationwide. provides that, if an attorney has property of clients or third parties in their possession, they must keep that property separate from the attorney’s property.
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 lawfirms have a bullish outlook on their future prospects — and with good reason. So says the 2022 State of U.S. ” Past years of the survey: .
Lawfirms 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 lawfirms spend adding small efficiencies is leading to significant long-term gains. as well as a survey of 1,446 U.S.
Are you a busy lawyer struggling to balance the demands of legal practice with the complexities of managing your lawfirm’s finances? Leaving little time to focus on the critical aspect of running a successful lawfirm — financial management. If so, you’re not alone.
My dad had a small lawfirm. He was a professor at UCLA law school, which is how I came to be raised in California. So I had grown up in the household of an attorney and I had gone off to undergrad pretty certain I was going to follow in his footsteps to be a federal prosecutor. I had begun my career in the legal space.
In a deal that is sure to shake-up the already hyperactive market for law practice management software, AffiniPay , the parent company of the electronicpayments platform LawPay , has acquired the law practice management company MyCase. In our interview this week, I asked her how this deal fit that condition.
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 electronicpayment method, the ability to accept ACH payments quickly and easily allows you to give your clients a seamless payment experience while helping your lawfirm get paid faster.
First up is the online payments company LawPay , which today is announcing a new product tier, LawPay Pro, that enhances the standard LawPay electronicpayments platform with the addition of legal billing features.
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 electronicpayments platform LawPay. Read more about MyCase at the LawNext Legal Technology Directory.
Today, in its first international expansion of the technology, Clio released Clio Payments to the Canadian legal market, enabling its customers there to offer their clients electronicpayment options, including flexible payment schedules. “Financial matters bear a heavy burden on firm operations, time and revenue.
. – Jodi Donato, Donato Law In the fast-paced environment of law, staying on top of billing best practices isn’t just beneficial; it’s essential for building trust with your clients, improving your realization rate and cash flow, and growing your practice.
. – Dan Lear and Bob Ambrogi, series editors Dan Lear, Head of Marketing and Partnerships at Gravity Legal Dan Lear is head of marketing and partnerships at Gravity Legal, an electronicpayments and money management firm built specifically for lawyers and lawfirms. He is based in Seattle, Wash.
. – Dan Lear and Bob Ambrogi, series editors Dan Lear, Head of Marketing and Partnerships at Gravity Legal Dan Lear is head of marketing and partnerships at Gravity Legal, an electronicpayments and money management firm built specifically for lawyers and lawfirms. He is based in Seattle, Wash.
As a solo attorney, your website is a key part of generating interest, visibility, and demand in your legal practice. Take the guesswork out of building a solo lawfirm website that effectively converts visitors and automates intake with Clios website builder. Quiles Law, P.C.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content