TechnoLawyer Names LawFundAR Hot Product of 2020
Known for setting the gold standard in legal technology journalism, Technolawyer® provides monthly reports on the hottest new products in the industry. This year, we’re excited to share that Technolawyer named LawFundAR as one of their Hot Products of 2020!
In a May newsletter blast titled “Transform Unpleasant Client Collections Calls Into Opportunities with LawFundAR,” Neil Squillante reviewed the main benefits of our product. Specifically, the article showed how LawFundAR (powered by QuickFee) can solve common collections problems in the legal industry. As a legal fee financing service, LawFundAR goes beyond the capabilities of most accounts receivable software.
How LawFundAR Transforms the Collections Process
At LawFundAR, our primary goal is to help law firms reduce their client arrearages – and cut time spent on collections. How do we accomplish this goal? By offering two easy and low-risk funding solutions designed for law firms: LawFundAR Financing and Installments.
With Financing, your clients can choose to pay their legal bills in 3, 6, 9 or 12 monthly installments while the firm receives full payment upfront. Installments allows clients to pay in 4 interest-free installments on an existing credit card. It’s the first-ever non-recourse “Advice Now, Pay Later” solution for the legal industry.
While clients benefit from a more streamlined payment experience, law firms receive the client’s full payment upfront from LawFundAR. This empowers firm partners and associates to focus on advocating for their clients. In the words of our CEO Bruce Coombes, “[LawFundAR] bridges the gap between a firm’s right to be paid on time and their client’s desire to pay over time.”
Breaking New Ground in the Legal Technology Industry
After finding great success in the accounting market – and serving over 25% of the top 100 accounting firms – QuickFee is excited to launch into the legal industry too. We’d like to offer a big “thank you” to our friends at Technolawyer for this recent highlight. As we continue to grow, we hope to help even more law firms with improving the payment process.
Want to learn more? Contact the LawFundAR team to schedule a free demo and see how we can start helping your firm grow.