Time Now, Pay Later: How LegalTech Can Tighten Payment Funnels
There’s a better way to ensure you get paid for more of what you do.
A wise man once said (probably), that it’s a long road from doing the work to actually getting paid.
That’s especially true for law firms, where most attorneys are still billing by the hour, and taking payment in arrears.
But there’s a better way to ensure you get paid for more of what you do, and it starts and ends with time, billing, and payment software for law firms.
So, for this episode of the Non-Eventcast, we brought on a quartet of popular guests to the show, to talk all about how modern law firms are managing these three essential components for running a law practice: Matt Spiegel of Lawmatics, Scott Clasen of TimeSolv, Tomas Suros of AbacusNext, and Sam Mallen of MyCase.
I kicked things off by asking each of our guests how important it is for law firms to build and lean on systems in their practices, especially when it comes to time capture, billing, and collection (15:26).
Next, we talked about how to simplify time tracking (23:28). After that, everybody tossed off some suggestions for creating invoices that are ultra-compelling to legal consumers (31:05). And, finally, each guest offered up some tips for making more money in the final business quarter of 2022 (36:14).
There’s nothing more important than revenue to the average law firm owner, so maybe this is the most important LegalTech podcast you’ll ever listen to. (Too strong? Yeah, maybe – we’ll workshop that one.)
And while you’re here, feel free to visit the Legal Billing Software section of the Above the Law Non-Event, where we show you just how easy an upgrade can be.
Jared Correia, a consultant and legal technology expert, is the host of the Non-Eventcast, the featured podcast of the Above the Law Non-Event for Tech-Perplexed Lawyers.
