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With unique regulatory requirements, diverse billing models, and the need for precise financial management, law firms require a payment processing solution that’s tailored to their specific needs. A specialized attorney payment processing service, as opposed to a more generic solution, offers a host of benefits that go beyond mere transaction
Implementing clear legal billing guidelines is crucial for effectively managing client relationships and avoiding unnecessary disputes. No doubt you’ve heard the old phrase, “Harmony is achieved when everyone is singing from the same song sheet.” The same is true of billing – when everyone knows the rules, there are fewer
Offering payment flexibility has become a paramount consideration for law firms. Clients increasingly demand options that align with their financial situations, and embracing attorney payment plans can be a strategic advantage.
The legal industry, in recent years, has witnessed a seismic shift towards the adoption of “flat fee billing”, an alternative to the traditional “hourly rate billing.” This trend has emerged in response to client demands for greater predictability and transparency in legal costs. T
Most businesses keenly understand the ebb and flow of seasonal cycles. Service companies like air conditioning contractors, vacation travel firms, resorts and airlines see peak business during the hot summer months, while many retailers tend to see their busiest season right around the holidays and tax attorneys and accountants see
Setting the right billing rates for your law firm is crucial for your success. It’s not just about being competitive; it’s also about ensuring profitability while considering market realities, such as prevailing rates, your firm’s reputation, and your clients’ ability to pay. In this blog, we’ll explore the key factors
If you are reading the headlines and wondering how to generate growth at your law firm in the face of economic headwinds, don’t assume it will be impossible. The good news is it’s possible to expand a firm even in a down economy. However, enabling growth requires establishing goals, monitoring
With the rise of digital payment options, traditional methods like mailing checks have become less secure and more susceptible to theft. Recent statistics from the U.S. Postal Service (USPS) indicate an alarming increase in mail theft and robberies targeting mail carriers. As a result, it is important for consumers and
Recently Amy Reynolds, senior training specialist at CARET Legal, caught up with Zack Glaser, legal tech advisor & lab coach at Lawyerist to talk about what’s new at CARET Legal.
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