Cash flow is widely considered as the key to running an effective business. Many lawyers prefer to bill a client another $200, rather than call about the past-due $2000 bill with that same client. If your practice currently maintains a significant outstanding amount of receivables, then you are effectively extending credit to your clients! Are your billing practices harming your law firm’s finances?
A clearly communicated invoice with easy payment options can set you apart from your competitors. Successful law firms are starting to utilize the data available to them through modern billing tools to optimize their invoicing practices and get paid easier.
In this video, we’ll take a look at how modern law firms are managing invoicing and receivables to improve client experience and increase likelihood of payment.
- How law firms of any size can tap into their billing data and improve process
- What billing methods your clients are demanding
- Identify the best practices and how they work for you.
Please note: this is a non CLE session.
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