A trust request asks a client to deposit funds in trust before you start working on a case or matter. The funds for future legal services or future disbursements that have not yet been billed to the client need to be deposited immediately into a trust account. Sounds simple, right? Unfortunately, trust accounting mistakes can lead to ethics violations and even disbarment.
You need trustworthy software that’s part of your secure practice management operations. Trust Clio — the world’s leading cloud-based, legal practice management software — to optimize your workflow and automate how you send and receive trust payments.
Trust billing and collections are better when managed with Clio.
Enhance your efficiency.
Client trust requests are time-consuming and can be finicky to complete. They take valuable time out of your day, yet without them, you shouldn’t start work. In addition, failure to manage these funds accurately can lead to ethical issues of non-compliance with your local trust accounting rules.
With Clio’s new functionality, that securely handles trust requests, users can effortlessly automate this cumbersome process and dramatically reduce potential entry and collection errors. Trust payment requests are sent directly from Clio. Users are able to create new requests inside a matter or directly at the client level.
Processing trust deposit payments is easier than ever as well. With Clio Payments, powered by Lawpay, law firms are able to accept credit card payments as trust deposits without leaving Clio. No need to visit a bank or deposit a check ever again. Clio takes the pain out of accepting credit card payments to trust and allows you to get paid quicker.
Trust reporting has never been easier. With Clio, you can not only eliminate the manual entry of the transactions, but also simply filter, search, and identify your trust accounts. Clio’s built-in client and trust account ledgers track deposits and disbursements to create on-demand reports to keep your accounts accurate. All good things when you’re looking to keep your firm compliant and protect your client’s information.
If you’re looking for a trust accounting solution, then look no further than Clio.
Learn more about Trust Requests and billing in our upcoming webinar: Trust Accounting Technology for Law Firms on June 14th. Reserve your space today.
Or, if you’re looking for more detail into how to integrate Trust Requests into your workflow, join our support webinar: Tools to Improve Billing and Payment Workflow on June 1st. Reserve your spot now.