When COVID-19 made it harder for law firms to accept cash and check payments from clients, the industry shifted almost overnight to a model where online payments are far more prevalent. At the center of this shift was LawPay, and in this episode the company’s CEO, Tom West, talks about the rise of electronic payments in legal.
Show Notes
When COVID-19 made it harder for law firms to accept cash and check payments from clients, the industry shifted almost overnight to a model where online payments are far more prevalent. At the center of this shift was LawPay, and in this episode the company’s CEO, Tom West, talks about the rise of electronic payments in legal.
Specifically, Tom and Clio CEO Jack Newton talk about:
- What LawPay is, and how it helps firms accept payments online
- How legal technology has changed over time, specifically regarding payment options
- Why accepting online payments is a win-win for firms
- The risks of failing to offer online payments to clients
- What the future of law firm payment collection might look like
Tom West is CEO of LawPay, which helps law firms accept online payments. Tom is a career growth business leader, having led multiple businesses as CEO and President. As CEO at LawPay, he is responsible for guiding all channels and working across all teams and departments to take growth at LawPay to the next level.
What is Daily Matters: The changing face of the legal industry?
With the emergence of COVID 19, the legal industry is undergoing a fundamental transformation. In Daily Matters, Clio CEO and Co-founder Jack Newton will explore the new normal for law firms, how legal professionals can find success in a remote-first world, and how lawyers can best serve clients through this unprecedented situation.