Tag Archives: Clio

In today’s legal landscape, customer expectations are reaching new heights, fostering a worldwide digital revolution across man sectors. The legal realm is no exception to this transformative wave.  Modern legal clients are seeking convenience and flexibility. They want a swift, hassle-free, and secure payment experience. Interestingly, their desires go beyond mere alternative payment methods—70% of clients are keen on flexible …

As a law firm, it’s crucial to be aware of the significant risk posed by the commingling of funds and take proactive measures to prevent it. In this article, we will explore the basics of commingling funds, discuss its consequences, and provide effective strategies for avoiding inadvertent commingling. We’ll also talk about tools that can assist your modern law practice …

As the legal industry’s most in-depth examination into the state of legal practice, the 2022 Legal Trends Report brings together essential insights into how law firms have adapted their services to meet the challenges of the past three years. In addition, this comprehensive report sheds light on the forces set to shape these services in the future. Now in its …

In the digital era, cyber security is essential for law firms. Data breaches are becoming increasingly common, threatening the privacy of clients’ sensitive information and firms’ reputations. Consider data from ABA’s Cyber Security Report, which states that 25% of law firms have previously suffered a data breach. Among the many consequences of a data breach—breaching obligations, legal action, impact on …

Level Up Your Law Firm Billing Policy While billing policy might not be the most exciting topic, it’s essential. After all, law firms need to be paid for their work at the end of the day! If you haven’t already developed a billing policy at your law firm, now is the time to start. By documenting your law firm billing …

Several years ago, Clio’s research team began a multi-year cohort analysis to identify contributors to sustained revenue growth among highly successful law firms. Our goal was to find great examples of successful law firms—and to define best practices for other legal professionals hoping to grow their businesses. In this article, we discuss how our research team correlated the adoption—and use—of …

The legaltech industry has grown significantly in recent years, and Clio remains at the forefront of this growth. After raising a combined US$360 million in our Series D and Series E investment rounds, the latter resulting in a $1.6 billion valuation, Clio earned unicorn status. Most recently, we announced Clio’s centaur status—a title reserved for private SaaS companies that achieve …

Today’s tech-savvy clients expect online payment options—especially the ability to pay by credit card. And this expectation is the default for all companies they do business with, including hiring a lawyer. According to the U.S. Federal Reserve, the use of credit cards grew 392%, while checks declined by 66%, between 2000 and 2018. Accepting online payments not only provides more …

In today’s hyper-convenient and connected world, clients can shop for a near-limitless selection of items—from anywhere, anytime. They can consume a diverse range of content in a few quick clicks. And they can communicate with service providers through channels of their choice. This expectation of ease is no different for the legal industry, especially when it comes to making payments. …

Bringing automation to your firm can save time and money. But where do you begin? And how do you ensure the automation process doesn’t sacrifice your ability to provide a client-centered experience? Below we’ve outlined the best practices when it comes to investing in the automation process. Why automate law firm processes? Lawyers can automate a significant portion of their …