The legal industry is changing. For most lawyers, the traditional hourly billing model is hard to keep track of. The problem is that many of us aren’t sure where to go next. Lawyers are beginning to realize that their clients want more than just expert counsel; they want convenience and transparency as well, and payment solutions are a great way to demonstrate your commitment to meeting those needs.
Before you continue reading, we recommend that you check out this article about legal billing apps.
If you’re looking for ways to invigorate your firm’s client relationships by improving customer service and efficiency in an increasingly competitive marketplace, then consider adding a lawyer payment plan (also known as ‘flat-fee’ or ‘sliding scale’) option to your services. Here are some reasons why:
Easier Payments for Clients
A lawyer who is able to offer a payment plan can focus on the client’s needs and provide them with the best service possible, as opposed to worrying about whether or not they will be able to pay for it.
This means that you can offer more options and flexibility when clients are looking to hire you. For example, if someone wants an affordable option but doesn’t want their credit card information stored online, then all they have to do is use LawPay; because there’s no longer any need for them to provide this information up front which saves time and makes everyone feel more comfortable during the process.
We also have an article about Legal Payment Processing Solutions on our blog.
If a client feels that you are trying your best to make everything easier for them and you care about their convenience, they will be more likely to feel comfortable sharing information and working through their legal problems with you. This can lead to stronger relationships between the two of you, which will make it more likely for the client to refer friends or family members who might need similar services in the future.
Help the less fortunate
The ability to pay is often a barrier to justice, and many people cannot afford the costs of hiring a lawyer. If you offer payment plans, however, these individuals can still receive legal representation without having to worry about how they will pay you at the end of your work together.
Lawyer payment plans also benefit lawyers by helping them collect their fees faster and avoid collection issues altogether. Because most clients make regular payments on their account balances rather than paying off their entire bill at once.
Better Client Service
The fact that lawyers offer payment plans also makes it easier for people who don’t have much money or don’t want to spend large sums on legal fees upfront; and these people will not only be grateful but also loyal! You’ll be able to provide better customer service when you offer payment plans because then everyone gets what they need; The client gets affordable legal services and peace of mind, while the attorney gets paid fairly.
Efficiency of Lawyer Payment Options
The benefits of lawyer payment options for clients are numerous, but one of the most important is that you can do your job more efficiently. A client with a payment plan can pay you faster and better than one who doesn’t have access to these options. This means that you can plan your work better, focus on the work that matters most to you and be more productive overall.
Cloud-Based CRM, the all-in-one solution
A CRM (Customer Relationship Management) system is a great way to help you build a better relationship with your clients. It can also help them get the best rates and keep track of their payments, so that you don’t have to worry about chasing them down for money.
RunSensible offers an online payment solution through RunSensible CRM, which allows clients to make payments online in real time using any major credit card or bank account. The platform also allows you to offer offline options like check deposits and cash payments.
This solution is a great way to improve your business, but it also has the added benefit of helping you stay on top of your finances. You can track payments and deposits in real time, so that you know exactly how much money is coming through each month. This will allow you to plan for expenses and make sure that all bills are paid on time.
The Benefits of LPP for Lawyers
If you want to be the best lawyer you can be, offering payment plans is a great step toward improving client relationships, increasing your efficiency and demonstrating an ability to meet client needs.
You may have heard that lawyers are not supposed to offer payment plans because they’re expensive and inefficient. While this was once true–before online legal services became popular–today’s technology gives us the tools we need to deliver better services at lower costs than ever before.
In fact, if done right, offering payment plans can be an excellent way for you or your firm to increase profits while simultaneously improving customer satisfaction scores and building trust with clients by showing them that their needs matter more than anything else on earth.
Despite the fact that payment plans didn’t used to be as cost-effective as they are today, with the rise of the era of technology and new features that are added to every type of online service, adding a payment plan to your billing methods sounds really good. Looking at how it will benefit both you and your clients makes it sound even better!
If you want to read more about tools that help you be a more successful lawyer, check out our blog.
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