Tips on Accounts Receivable Management for Law Firms
Summary
For example, MyCase enables your team to send invoices and reminders via: Afterward, utilize financial software for an overview of all accounts receivable debt owed to your firm. According to our 2021 Industry Report, half of lawyer survey respondents claimed that accepting online credit card payments reduced the turnaround time for receiving consultation fees. With LawPay, our sister company under AffiniPay, your firm can accept debit and credit cards, eChecks, and electronic payments while complying with ABA and IOLTA guidelines. If you answered yes to any of the questions above, automating the collections process could improve your firm’s finances while allowing your team to perform more billable work. More than 64,000 law firms trust MyCase and LawPay to track time, generate ready-to-send invoices, send automated reminders, accept payments, and crunch analytics.