Increase collections with LeanLaw Payments

Imagine if your clients paid 100% of invoices, online, within 5 days.

LeanLaw’s electronic and automated payment system helps law firms collect more, collect faster, and collect at a lower cost.

Register and choose one of our bi-weekly group demos on the 2nd and 4th Tuesday of the month.

leanlaw payments

Hassle free, automated payment solution (no checks!)

leanlaw payments

Expedite Payments and Take Away the Hassle

Sign up for a Payments Demo. In 30 minutes, you will learn how to…

one

Set up Gravity Legal in LeanLaw.

Gravity Legal is the app within LeanLaw that automates payments.

two

Create an email to summarize and send the client’s invoice.

When clients understand the invoice, they pay faster.

three

Send the invoice and get paid.

With the click of a button (not an envelope and stamp!)

Set up Gravity Legal in LeanLaw.

Expect collection rates to increase by 10-15% if you don’t current accept electronic payments. If you are using some form of e-payment, you can still add 3-5% to your revenue with a fully electronic workflow.

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leanlaw payments sample invoice

Create an email to summarize and send the client’s invoice.

Pulled from the time entries, with a detailed description of the work, and payment options (invoice or full balance). You can even create an AI generated summary of the invoice.

Send the invoice and get paid.

Competitive rates, clients can pay with cards or direct transfer (ACH), intuitive, easy payment interface.

leanlaw payments link example

The intelligent invoice gets you paid faster

Customized invoice emails that include client-specific details and account summaries that make it easy to understand the account status and what needs to be paid.

LeanLaw Payments Frequently Asked Questions (FAQ)

What kind of improvement can I expect in collection rates?

If you are switching from not accepting electronic payments, the typical increase is between 10-15%. If you are switching to an integrated solution where the opportunity to pay is directly on the invoice or trust request when it wasn’t before, the typical increase is 3-5%.

Will accepting electronic payments reduce admin work at my law firm?

We can’t speak to your specific law firm, but take into consideration how much time goes into the process of accepting and posting payments. How much time does that take? 

Will accepting electronic payments reduce my law firm’s risk of a RPC violation?

LeanLaw and Gravity Legal work exclusively with law firms. Gravity has been managing electronic trust payments for over a decade. LeanLaw adds legal specific workflow to the process.

Will accepting electronic payments speed up the time it takes to get paid (cash flow)?

Currently the median time to get paid for top 10 firms is 4.25 days with LeanLaw and Gravity Legal. How much faster is that than your law firm?

Will accepting electronic payments reduce costs at my law firm?

The key to cost reduction with LeanLaw / Gravity Legal is to transition to ACH payments. After switching to ACH, you can expect to reduce processing costs by 60-80%. Without switching to ACH, the typical savings is 3-8%.

How is LeanLaw Payments different from QuickBooks payments?

  • Firms can link as many trust and operating accounts as necessary to their Gravity Legal account, whereas QuickBooks only allows for a single deposit account.
  • All trust accounts are set up in such a way as to help firms comply with the rules of professional conduct by taking fees from the operating account.
  • For firms that frequently use both their trust and operating accounts to accept payments, consolidating those channels to one provider has been helpful in reducing admin work and reconciliation errors.
  • Gravity provides a detailed bank account reconciliation report, so firms can see which clients/matters/transactions made up each deposit into both the trust and operating bank accounts.
  • Firms may use Gravity’s automated surcharging platform to automatically charge credit card fees to clients at the point of payment, while still providing them with fee-free electronic payment options such as debit cards and bank transfers (ACH). This typically reduces processing fees by 60-80%. 
  • Every Gravity client receives two direct points of contact in addition to access to phone, chat and email support. Gravity’s most recent net promoter score was 89.

How is LeanLaw Payments different from Lawpay?

  • Our integrated bank transfer (ACH) platform is highly utilized. In any given month 20-25% of payments made through our system are by ACH, making it one of the primary ways we help reduce processing costs.
  • We approve firms for relatively high transaction limits on ACH. While many firms with other non-bank providers are capped at $5,000 per transaction, we have firms with limits up to $60k/transaction.
  • Firms may use our automated surcharging platform which automatically charges credit card fees to clients at the point of payment, while still providing them with fee-free electronic payment options such as debit cards and bank transfers (ACH). This typically reduces processing fees by 60-80%. To our knowledge, Lawpay just enables firms to add a 3% fee to all transactions and deposits the gross amount, making it not-compliant for trust account payments and card brand rules
  • We charge simple, flat rates, so firms always know what they are going to pay. We also provide a simple one-page monthly processing statement without the credit card jargon. Lawpay typically employs a tiered pricing structure.

 

 

Get started with LeanLaw Payments