Legal Fee Financing: What is It and How to Offer It
Adding legal fee financing as one of your available payment methods can make a massive difference for your firm
ClientCredit is a legal fee financing solution exclusively available through LawPay. With ClientCredit, you receive the full invoiced amount at the start of an engagement while still being able to offer clients the option to pay a loan for legal fees in automated installments.
ClientCredit helps mitigate the risk of late and non-payments. Your firm receives the total invoiced amount upfront, while clients get an automated payment plan that meets their financial needs.
With traditional legal fee funding, you receive multiple smaller deposits. Allowing clients to use ClientCredit means you can secure your full requested amount in advance.
Adopting an online payment solution that enables you to offer flexible payment options such as credit, debit, eCheck, and fee financing instantly makes your firm more appealing to potential clients.
ClientCredit enables you to easily accommodate the evolving payment preferences of modern legal clients and cut down on time spent chasing after overdue invoices.
Rather than being put in the challenging position of having to find a way to pay one large lump sum, legal fee lending enables your clients to secure legal representation and still allocate funds for other expenses.
ClientCredit opens up access to legal representation to people who want an alternative to credit cards. It’s also an attractive option for prospective clients who have a credit card but would prefer not to charge a large amount.
Along with giving you the power to offer automated legal fee financing through ClientCredit, LawPay simplifies and streamlines the overall invoicing process and makes it easier for your clients to pay.
With the introduction of ClientCredit from LawPay, We're able to collect the money upfront, and the client can get on a payment plan they can afford.
- Adam Cohen, Managing partner of Ticket Crushers
Want to see what else LawPay users have to say about our solutions? You can check out more reviews on our G2 page.