Many law firms have to wait on average more than three months to be paid for their services – far longer than most other businesses. This long wait for payments can be especially hard on smaller law firms, who may not be able to invest the manpower necessary to track down delayed payments.
Compounding these difficulties in cash flow is the fact that 84% of survey solo and small law firms lack the ability to accept online payments from their clients. Clients want to pay their bills online with credit cards, but are instead forced to track down abandoned check books or get cashier checks just to pay their bills. Clients do not find it easy or effortless to pay their lawyers.
Clio’s newest feature, Clio Payments, makes it easy for law firms to get paid.
With Clio Payments, you can start accepting credit card payments from your clients with a few clicks of a mouse. This, coupled with email-based invoicing capabilities, provides your firm with the ability to dramatically improve cash flow and reduce debt. Send an electronic bill and watch it get paid as soon as your client opens their email.
Clio Payments is powered by LawPay. Existing LawPay customers will be able to seamlessly migrate their existing LawPay account to Clio Payments.
With Clio Payments, law firms:
Get paid faster.
Clio Payments will help you get paid faster and easier than ever. You’re now able to process secure credit card payments without leaving Clio. No need to visit an external service, interact with a physical device, or manage an integration.
Streamline their operations.
Reduce the overhead and expenses related to month-end billing. It’s as simple as sending an email from Clio which includes a PDF copy of the bill and a secure payment link.
Keep track of payments.
Has the payment been processed? Did charging the card fail or succeed? Clio immediately indicates payment status and allows firms to void or refund any amount as required.
Stand out from the crowd.
Clio Payments helps you stand out from your competition. Close to 85% of other lawyers only offer their clients traditional offline services for invoicing and bill payments.
Be the law firm that makes it easy for clients to pay their bills.