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Time Now, Pay Later: How LegalTech Can Tighten Payment Funnels – Above the Law

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.