How Law Firms Can Prevent Client Non-Payment

Chasing down non-paying clients is the bane of most lawyers’ existence. And when you’re already spending an additional three and a half weeks on unplanned work every year, it makes settling overdue accounts that much more frustrating.

While you may not be able to avoid ever having to deal with non-paying clients, here are three things you can do throughout a case to reduce the incidence of non-payment.

[SPONSORED] Free Guide: Tips For Automating Your Law Firm

Managing a law firm means running through a number of repetitive processes daily to stay on task — from client intake to document generation. These necessary though tedious tasks can take their toll on the efficiency of your practice by draining hours from your workday. The good news: almost any aspect of your law practice can be automated.

Download the Tips for Automating Your Law Practice to learn.

[Sponsored] Free eBook: Learn The 5 Steps to Effective Delegation

The truth is not all legal work must be performed by an attorney; there’s plenty of opportunity to strategically spread around the workload without forfeiting quality or momentum. Enter effective delegation, which allows your busy firm to increase its output significantly despite limited resources — all naysaying to the contrary.

Download “How to Delegate Efficiently and Effectively”

[SPONSORED] 5 Ways to Run a More Productive, Profitable, and Professional Solo Law Practice with Virtual Receptionists

The 2017 Clio Legal Trends Report contained many shocking statistics about the daily habits and operations of practicing attorneys, but perhaps most jaw-dropping were the statistics on the tasks consuming the majority of attorneys’ precious time, and just as importantly, those tasks not receiving nearly enough of their attention:

The average attorney spends only 1.9 hours per day on billable work.
Attorneys are interrupted on average 6 times per day, resulting in nearly 2 hours of lost time.
Only 86% of revenue from billed time is ever collected.
Take a look at the state of the industry in this infographic, which draws from data in the Clio report…..

The 4-Hour-Per-Day Rule (With a Sample Download)

Practicing law for the first time comes with its fair share of stressors and unknowns. One of the first things you’ll need to determine is how much you can expect to charge for your services. Will you be able to set an hourly rate that’s reasonable for an attorney in your area, and provides enough income to meet your needs? (Includes sample forms)

[Sponsored] Your Law Firm Finances Guide: Billing and Invoicing Tips

To this day, one of the most common challenges for solo and small firm lawyers is getting paid. Your payment structure notwithstanding, a smooth billing process is predicated on honest and open communication — particularly during your consultation. Paired with a dependable, secure tech solution, the latest billing best practices will help you achieve a significant drop in friction, avoid awkward client interactions, and ultimately collect on more unpaid invoices.

Explore the Payment Trends that Affect Your Business

To help attorneys better understand the trends that affect their business, LawPay has created a new infographic, “Recent Trends in Legal Payments.” Explore this infographic to see how changes in payment preferences could affect your law firm, and what you can do moving forward to improve payments in your practice.

[Sponsored]Free eBook: Local Business Marketing Strategies for Lawyers

There are more opportunities than ever to market your firm, but are you using the right local marketing strategy to become trusted in your community and reach potential future clients?

This free Local Business Marketing Strategies for Lawyers eBook gives tips on:

How to manage your local and digital reputation
Listing your firm on local directories
Developing a strong online presence
Much more!

Download Your Free eBook Here!

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