In an unpredictable COVID-19 world, keeping your cash flow healthy is of paramount importance. Law firms commonly only collect 71% of what they work on, and this is no time to leak money. Accepting credit cards is one of the best ways to help law firms solve this problem by helping you get paid quicker and easier. If you’re like most firms, accepting credit cards at your firm will increase your revenue, but you have to know the do’s and don’ts to use them ethically.
Larry Port is the founder and CEO of Rocket Matter, the leading cloud-based legal practice management software. Larry is also a speaker and award-winning writer at the crossroads of the legal profession and cutting-edge technology. His book, The Lean Law Firm: Run Your Firm Like the World’s Most Profitable and Efficient Businesses, was recently published by the American Bar Association. Larry frequently discusses design and efficiency as well as quality techniques in the software industry that can be leveraged by lawyers and other legal professionals. Larry was also named to the Fastcase 50 honoring the law’s smartest, most courageous innovators, techies, visionaries, and leaders.