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Report: Law Firms that Adopt E-Payments See Speedier Collections, Increased Revenues

LawSites

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. The reason e-payments improve collection times and rates is primarily due to their convenience, the report suggests.

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

Attorney at Work

As business clients deploy new technology to manage litigation, contracts and communications, they will prefer working with equally tech-focused outside counsel. The wide acceptance of electronic payment methods in e-commerce is expanding rapidly across all segments of the economy, and the legal industry is no exception.

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Clio Identifies Small Efficiencies That Can Add Up Big for Law Firm Revenue

Legal Tech Monitor

Firms using online payment methods get paid twice as fast as those that don’t, according to the Legal Trends Report. Firms can make it easy for clients to pay online by including electronic payment links or QR codes in their bills, as well as providing options to store payment methods and automate payment plans.

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Legalweek News Roundup Part 2: CASEpeer, Evisort, Everlaw, Hanzo, LawPay, LexCheck, LinkSquares, LegalEase, Logikcull, Milestones, MyCase

LawSites

Everlaw Announces Visual Intelligence and Automation Updates The ediscovery and litigation company Everlaw unveiled three new features at Legalweek: Communication Visualizer, Video Depositions and Cloud Connectors for Zoom. Now here is part two.

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Legalweek News Roundup Part 2: CASEpeer, Evisort, Everlaw, Hanzo, LawPay, LexCheck, LinkSquares, LegalEase, Logikcull, Milestones, MyCase

Legal Tech Monitor

Everlaw Announces Visual Intelligence and Automation Updates The ediscovery and litigation company Everlaw unveiled three new features at Legalweek: Communication Visualizer, Video Depositions and Cloud Connectors for Zoom. Now here is part two.

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Law Firm Financial Management: A Guide for the Busy Lawyer

MatterSuite

Automating invoicing and payment reminders reduces the administrative burden and minimizes errors. Offering electronic payment options also facilitates quicker payments and improves client convenience.

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Clio Launches E-Payments Solution for Canadian Legal Market; Plans to Expand Payments to Other Countries

LawSites

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 electronic payment options, including flexible payment schedules. “Financial matters bear a heavy burden on firm operations, time and revenue.