With robust Trust Accounting and security features, Clio helps Albertan lawyers balance compliance and efficiency with ease.
Vancouver, B.C., January 9, 2017 — In response to shifting market trends and emerging security standards, the Law Society of Alberta has formally announced Clio as the first, and only, cloud-based legal practice management solution that meets security and trust accounting standards for lawyers in Alberta.
In 2011, the Law Society of Alberta introduced the Electronic Trust Transaction Report (ETTR) Program, which enables lawyers to electronically submit their trust accounting data through a secure File Sharing Site. Firms save an estimated $2,000 annually by eliminating the need for to pay for external accountants to file the annual Accountant’s Report. Additionally, through an automated audit program, the Law Society is capable of auditing 100 percent of accounting transactions of any law firm utilizing approved law firm accounting software.
Clio becomes the first cloud-based practice management solution, and the third practice management solution in total, that enables Alberta lawyers to remain compliant with Trust Accounting requirements, including automated upload to the ETTR program.
“As an Alberta native, I’m proud that my home province has emerged on the forefront of legal technology acceptance and adoption,” said Jack Newton, Clio Co-founder and CEO. “We look forward to introducing Albertan legal professionals to the enhanced security, trust accounting, and practice management benefits that Clio provides.”
Clio is the world’s most widely adopted cloud-based law firm management software. It helps thousands of legal professionals around the world spend less time on administrative tasks and more time capturing billable hours. With cloud-based time tracking, trust accounting, payment processing, billing and invoicing, and document and matter management, Clio empowers today’s modern lawyers to accomplish more, from wherever they are.
“The Law Society is dedicated to progressing the practice of law in Alberta by expanding the types of trust accounting solutions lawyers can use,” said Chioma Ufodike, Manager Trust Safety at the Law Society of Alberta. “We’re pleased to add Clio to a growing roster of solutions for Albertan attorneys to select from.”
The Law Society of Alberta joins over 60 regional and municipal law societies and bar associations across the world currently approving Clio as a practice management solution.
Clio is the most comprehensive cloud-based practice management platform for the legal industry. With the help of the cloud, Clio eases the process of time tracking, billing, administration, and collaboration for law firms of all sizes. Based in Vancouver, B.C. and launched in 2008, Clio is used by legal professionals in over 50 countries. Clio has raised $27 million from investors including Bessemer Venture Partners. Learn more at www.clio.com.
About the Law Society of Alberta
The Law Society of Alberta is an independent body established to regulate the legal profession in the public interest in the province of Alberta. Established in 1907, the organization is dedicated to promoting a high standard of legal services and professional conduct through the governance and regulation of an independent legal profession.
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