The “billing” process doesn’t end until the bill is paid and the money is in the bank. That basic principle may seem obvious to people who think about efficiency and profitability every day, but for most law firms it is anything but obvious. For them, the billing process seems to end once the invoice is … Continue reading Change Is Coming: The Realized Hour v. The Billable Hour
As Headnote's CEO one of my favorite parts of my job is recording podcasts and being interviewed. I just loved people, especially people that work in and around the legal industry. If we've ever had the opportunity to meet it will come as no surprise to you that I also love to talk, and can … Continue reading Lawsome Podcast Featuring Headnote – “How The Modern Lawyer Gets Paid (or not)”
Law firms have a long list of requirements with accepting payments. Most obviously, these come up with accepting trust account payments. As you work to create efficiency in the flow of cash in your law firm, you need to make sure you’re following all best practices in trust accounting and accepting trust payments.
A law firm has many facets, and execution in the business side of law can be difficult as resources become spread thin. Therefore, law firms have to constantly be on the lookout for improvements that can be done easily and have a major impact.
Using the right tools to manage your firm’s post-invoicing processes results in better AR collection, getting paid faster, and more firm-wide efficiency. But do you know how to make simple changes that will yield big results?
In many cases, accounting is seen as debits and credits - making sure you’re following the rules. In reality, your accounting should be much more. You should be using your financial system to drive profitability and cashflow.
Headnote CEO Sarah Schaaf recently appeared on the Maximum Lawyer Podcast to discuss all things billing for law firms.
When you think about your firm’s accounts receivables, what comes to mind? Pain? Headache? Lost money? Wasted time? Accounts receivable exists in every business. In a law firm, this can be a sore subject as late payments and rising AR causes anxiety and potential cash flow issues. At Headnote, we’ve put significant effort into cleaning … Continue reading Re-thinking Your Law Firm’s Accounts Receivable
Headnote CEO Sarah Schaaf was interviewed on the Legal Toolkit podcast discussing best practices for law firm accounts receivable and payments.
Headnote is proud to be a sponsor at the ALA Conference coming up next week April 14-17. We will have a booth so if you're also headed to the conference come visit us!
Of the many processes in a law firm, AR is one that has potentially the most frustration but the most potential. If a process is keeping money out of your firm plus causing tremendous headache, it’s probably worth finding a better way.
Headnote is making accounts receivable efficient and simple for forward-thinking law firms. See what Chelsey Lambert at Lex Tech Review had to say about us here.
Making the switch is much easier than you think.
As a solo, small or medium size law firm consistent cash flow can make or break the business.
Law firms get paid 39% faster when they accept online payments.
"If you are a lawyer that is still sitting on paper checks and paper invoices and are trying to figure out how to collect with credit cards and echecks, man, what a good option. It’s worth a try." - Sam Glover Listen or read along and let us know what you think! Listen to the … Continue reading The Lawyerist Podcast with Sam Glover
Your clients are consumers, too, yet only 15% of solos and 12% of small firms are currently offering online payment options for clients to pay their fees.
As an attorney turned legal tech entrepreneur, I feel like I’m constantly trying to reinvent myself to get better and work smarter. This doesn’t just apply to myself and our team, it’s also true for our product itself. Every day we ask ourselves, how can we make Headnote better for our members? What would make … Continue reading The New Headnote is Here!
Unless you’ve been living under a rock for the past year, you’ve probably been hearing more and more about cryptocurrencies like Bitcoin, Ethereum, and Ripple. The legal industry in Silicon Valley and beyond is abuzz with questions, mainly about whether crypto can make the jump to becoming a mainstream form of payment for attorneys and … Continue reading Are You Ready to Get Paid in Crypto?
Still waiting for that paper check to come in? You could minimize the fees you pay and the time it takes to get paid by starting to accept eCheck via direct bank to bank ACH payments from your clients. Interestingly, they are a perfect fit for the legal industry for a few reasons, most importantly … Continue reading How Law Firms Can Give The Most Client-Friendly Payment Experience For The Lowest Transaction Fees
eCheck payments are a reliable, secure, faster way of getting paid. Here are 5 reasons why law firms should enable them for client payments.
One of the most common sources of client disputes for lawyers is around invoicing for time. “You’re charging me how much?!” “But, what were you actually doing during that time??” “I don’t remember all these charges!” Every lawyer would prefer to avoid client disputes. But unlike other types of client disputes (“But, I deserve a … Continue reading Reduce Client Billing Friction in 2018 by Utilizing Good Time Tracking & Quick Invoicing
If you’re like most lawyers practicing independently or in small firms, you’re probably doing so without a dedicated administrative professional at your disposal. Do you have an accurate estimate of how much of your time is spent performing administrative tasks to manage your small law firm or solo practice? How does that stack up against … Continue reading Maximize Billable Hours by Automating Time Consuming Administrative Tasks
It’s hard to believe it’s nearly December and you know what that means - time to bid adieu to 2017 and welcome 2018 with open arms. There’s nothing more satisfying than counting down to the new year with a glass of champagne in hand and the peace of mind that you’ve successfully closed out your … Continue reading Are You Ready To Close Out Your Firm’s 2017 Accounts Receivable With A Bang?
When I was practicing as an attorney prior to starting my own legal tech company, I never really thought of myself as entrepreneurial. At least, that was never how I referred to myself. Self-starter, convention challenger, generally informed and certainly opinionated - yes, those things always felt like me. When both my attorney parents left … Continue reading Learn From Some of The Best; A List of Recommended Books & Podcasts to Enjoy This Holiday Season
Getting clients is important right? Here at Headnote we don't just want to help you manage the clients you're already working with, we want to help you every step of the way from new client engagement to getting paid for a case won and job well done. But it starts with finding the clients, and … Continue reading Enhance Your Online Presence by Creating a Memorable First Impression with a Well-Designed Website
Ask yourself this: How often do you pay for goods and services using a credit card versus writing out a check, stuffing it in an envelope, licking a stamp, and dropping it in the mail? It’s likely safe to assume that, like most other consumers, the bulk of your transactions are digital. Your clients are … Continue reading Save time and appeal to more clients by offering a secure online payment option
There’s probably a better way to be managing your small law firm or solo legal practice. Trust us, we’ve lost a lot of productivity performing manual non-billable tasks like hunting down invoices, following up on late payments, re-creating time sheets, searching for correspondence records, and all the other tasks that, while crucial to managing a … Continue reading How to Keep Non-Billable Activities from Affecting Your Law Firm’s Productivity
Considering ways to build out marketing materials or a digital strategy for your practice? From incorporating social media hashtags (#objectoften) to updating your business card with something unique and personal, our list of law firm marketing ideas will help boost your audience and engagement--no matter your practice area or firm size.
You didn’t go to law school and become a lawyer to pursue the thrilling pleasure of legal billing, right? No. It is, however, a reality of managing a small law firm—one that is taking a lot of time away from billable hours and can introduce risk if done inaccurately. But following some road tested guidelines … Continue reading Value Your Time. Make Law Firm Billing Easier With These 5 Best Practices
One of the most common sources of client disputes for lawyers is around invoicing for time. “You’re charging me how much?!” “But, what were you actually doing during that time??” “I don’t remember all these charges!” Every lawyer would prefer to avoid client disputes. But unlike other types of client disputes (“But, I deserve a … Continue reading How To Get Paid Faster & Avoid Billing Disputes With Clients
If you’re like most lawyers practicing independently or in small firms, you’re probably doing so without a dedicated administrative professional at your disposal. Do you have an accurate estimate of how much of your time is spent performing administrative tasks to manage your small law firm or solo practice? How does that stack up against … Continue reading Are admin tasks impeding your revenue growth?
Entering the digital marketing space for your law firm can be filled with opportunities to grow your business, consume information and get distracted by gifs of cats. (Just keep scrolling!) Luckily, there are a few key things you can do that can tremendously improve your law firm SEO. SEO stands for ‘Search Engine Optimization’ and … Continue reading 5 Steps To Get Started With Law Firm SEO
Ask yourself this: How often do you pay for goods and services using a credit card versus writing out a check, stuffing it in an envelope, licking a stamp, and dropping it in the mail? It’s likely safe to assume that, like most other consumers, the bulk of your transactions are digital. Your clients are … Continue reading Why small law firms should offer online payment to clients
You didn’t go to law school and become a lawyer to pursue the thrilling pleasure of legal billing, right? No. It is, however, a reality of managing a small law firm—one that is taking a lot of time away from billable hours and can introduce risk if done inaccurately. But following some road tested guidelines … Continue reading 5 Best Practices for Easier Law Firm Billing