{"id":9949,"date":"2023-05-24T00:30:07","date_gmt":"2023-05-23T23:30:07","guid":{"rendered":"https:\/\/www.clio.com\/uk\/?post_type=press&#038;p=9949"},"modified":"2023-05-29T18:37:02","modified_gmt":"2023-05-29T17:37:02","slug":"clios-new-online-payments-solution-set-to-help-uk-law-firms-overcome-payment-challenges","status":"publish","type":"press","link":"https:\/\/www.clio.com\/uk\/about\/press\/clios-new-online-payments-solution-set-to-help-uk-law-firms-overcome-payment-challenges\/","title":{"rendered":"Clio&#8217;s New Online Payments Solution Set to Help UK Law Firms Overcome Payment Challenges"},"content":{"rendered":"<div id=\"attachment_9950\" style=\"width: 1034px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-9950\" class=\"wp-image-9950 size-large\" src=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-1024x576.png\" alt=\"Clio Payments UK\" width=\"1024\" height=\"576\" srcset=\"https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-1024x576.png 1024w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-300x169.png 300w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-768x432.png 768w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-1536x864.png 1536w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-150x84.png 150w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-250x141.png 250w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-500x281.png 500w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-400x225.png 400w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-800x450.png 800w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-550x309.png 550w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-1100x619.png 1100w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-750x422.png 750w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards-1500x844.png 1500w, https:\/\/www.clio.com\/uk\/wp-content\/uploads\/sites\/3\/2023\/05\/LinkedIn_Twitter_Illustration-Crop-16_9-\u2013-Twitter-Linkedin-Cards.png 1920w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><p id=\"caption-attachment-9950\" class=\"wp-caption-text\"><em>A new study found that UK law firms waste a staggering 50 days a year chasing late payments, which has a negative impact on their bottom lines and takes a toll on morale.<\/em><\/p><\/div>\n<p>A new study released by <a href=\"https:\/\/www.clio.com\/uk\/\">Clio<\/a>, the world\u2019s leading provider of cloud-based legal technology, has revealed that UK law firms waste over 50 days a year chasing late payments from clients. The study, conducted by Censuswide, with a sample of 150 UK law firms and 1,000 UK consumers, found that a quarter of law firms spend a full day each week dealing with payment delays and challenges. Furthermore, the research showed that paying for legal services was the most difficult aspect of working with a lawyer for a fifth of those who have engaged in legal services.<\/p>\n<p>\u201cUK law firms are under more pressure than ever before with rising inflation, increased competition, and longer working hours\u2014all while consumer expectations steepen,\u201d said Sarah Murphy, General Manager of Clio in EMEA. \u201cEvery firm in our most recent research reported that they spent hours every week and month chasing payments. That\u2019s time they can ill-afford to waste.\u201d<\/p>\n<p>The study also revealed that:<\/p>\n<ul>\n<li>Despite the time spent chasing payments, 97% of legal fees are not paid on time<\/li>\n<li>27% of legal practitioners said that not getting paid properly affects their morale<\/li>\n<li>40% of consumers said they would not use a law firm that lacks a simple online payment method<\/li>\n<li>50% of consumers who used a law firm were not given the option to pay with a debit card<\/li>\n<\/ul>\n<p>\u201cBilling remains the single most frustrating point of friction for UK law firms and clients alike, as is evident in our most recent research,\u201d said Jack Newton, CEO and Founder of Clio. \u201cFor too long, paying for legal services has been a complex process for both lawyers and their clients, and it\u2019s time for a change.\u201d<\/p>\n<h2>Clio launches an online payment processing solution in response to growing challenges<\/h2>\n<p>In response to the growing need for better, more seamless client experiences, Clio has launched a new UK legal payments solution, available now through their flagship legal practice management software, Clio Manage. Clio Payments offers British legal professionals a better alternative for accepting payments in compliance with client accounting rules while reducing administrative work.<\/p>\n<p>Using Clio, UK law firms can now:<\/p>\n<ul>\n<li>Accept online payments securely and in accordance with PCI compliance<\/li>\n<li>Offer click-to-pay links via bills, law firm website, emails, QR codes, or through Clio\u2019s secure client portal<\/li>\n<li>Keep client, billing, and financial records in one place for smooth, three-way reconciliation<\/li>\n<li>Get full transparency into every transaction with a fixed rate for all card types and no hidden fees<\/li>\n<li>Track bill payments automatically and sync records to a preferred accounting platform<\/li>\n<li>Separate client accounts from the law firm\u2019s operating account<\/li>\n<li>Trust that transaction fees and chargebacks (third-party debiting fees) are automatically taken from the operating account, not the client account<\/li>\n<\/ul>\n<p>\u201cToday\u2019s launch of Clio Payments is an exciting moment in our UK growth story,\u201d said Newton. \u201cWe know first-hand the transformative impact online payments can have on the health of a law firm, and we\u2019re keen to see the positive effect this will have for British law firms and their clients.\u201d<\/p>\n<p>For more information, visit <a href=\"https:\/\/www.clio.com\/uk\/features\/payments\/\">https:\/\/www.clio.com\/uk\/features\/payments\/<\/a>.<\/p>\n<p>###<\/p>\n<p><strong>About Clio<\/strong><\/p>\n<p>Clio is transforming the legal experience for all by creating the world\u2019s leading cloud-based technologies for law firms\u2014to keep lawyers and their clients better connected throughout the legal process. Firms of all sizes and practice areas use Clio products\u2014including Clio Manage, Clio Grow, and Clio Payments\u2014to manage firm operations, streamline billing, automate legal documents, and improve client experiences. With European headquarters in Dublin, Ireland, as well as offices in Toronto and Vancouver, Canada, Clio is one of the most rapidly growing legal tech firms in the world.<\/p>\n<p>Following its US$250M Series D funding, led by TCV and JMI Equity, and its US$110M Series E investment, led by T. Rowe Price Associates, Inc. and OMERS Growth Equity, Clio has made history by becoming the first legal practice management unicorn in the world. Learn more at<a href=\"https:\/\/www.clio.com\/uk\/\"> clio.com\/uk<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A new study released by Clio, the world\u2019s leading provider of cloud-based legal technology, has revealed that UK law firms waste over 50 days a year chasing late payments from clients. The study, conducted by Censuswide, with a sample of 150 UK law firms and 1,000 UK consumers, found that a quarter of law firms [&hellip;]<\/p>\n","protected":false},"author":27,"featured_media":0,"template":"","meta":{"_acf_changed":false},"class_list":["post-9949","press","type-press","status-publish","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v24.7 (Yoast SEO v24.7) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Clio&#039;s New Online Payments Solution Set to Help UK Law Firms Overcome Payment Challenges | Clio UK<\/title>\n<meta name=\"description\" content=\"Clio Payments lets British legal professionals accept payments in compliance with client accounting rules while reducing administrative work.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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