How to Make Sure Your Clients Want to Pay You

LAW-FIRM-BILLING-SOFTWARE-9.jpg
29 Aug

How to Make Sure Your Clients Want to Pay You

LAW-FIRM-BILLING-SOFTWARE-9.jpg

How to Make Sure Your Clients Want to Pay You

Are you a lawyer? Do you work at a law firm? Are you sick and tired of some of your clients getting away without paying their bills? You work hard for them and you should get paid for your services. After all, legal services are not free and every attorney has to work hard to keep the bills paid and the lights on.

Legal billing software can be used to help members of the legal community to collect fees for their services. Law firm billing software helps legal workers to make accurate payments. Check out the following information so you know how to make sure your clients want to pay you.

Payment Methods for Lawyers

Law firms and attorneys get paid for the work they do in many different ways. These different payment methods include:
• Consultation fees. Lawyers will typically charge a potential client a consultation fee to determine if they have a legitimate case. Firms can also charge a consultation fee just to provide companies, businesses and individuals legal advice.

• Flat Fees. A flat fee is normally charged for routine or simple cases. Routine cases are typically charged a flat fee because this is the type of work that an attorney or firm commonly performs.

• Contingency Fees. Lawyers take on some cases through a contingency fee. In other words, they will not get any money unless they win a case for their client. They will usually decide on the percentage of earnings before they start the case.

• Hourly Rates. Some attorneys charge clients by the hour for their service.

• Referral Fees. An attorney will also charge a referral fee which happens when a lawyer refers a client to another attorney or firm. The referring attorney will usually receive a portion of payment for making the referral.

• Retainer Fees. Retainer fees are usually charged as a one-time payment that can be used to cover all costs associated with a client. Sometimes the money will run out and a client will have to pay more.

• Statutory Fees. Statute fees are typically set by state statutes or by a court. These fees are typically associated with routine civil proceedings such as bankruptcy. Director of State Courts can sometimes set statutory fees for attorneys or firms.

Knowing these fees will help a lawyer to understand the best way to get paid for their services.

How to Get your Money From Clients Without Hassle

If you really want clients to pay you, make sure they know about your billing methods upfront. Don’t confuse them or be vague on this issue. Just flat out tell them how much you are going to charge them for your services. You can set up your legal billing software to help you with this process.

Next, you should have them sign some paperwork that clearly outlines your payment methods. You should also bill your clients quickly, bill them often and do it within a formal or professional manner. Another key point to ensuring that you get paid, is to make sure that your clients have the money to pay you. If you charge by the hour except payments upfront as you go. The point is to make sure that your clients have the means to cover the services that you provide. Law firm billing software makes this process easier.

Payment should only be done through a credit or debit card. Avoid checks as much as possible. Only take cash when it is convenient or practical to do so. Some clients do not have the ability to make payments electronically. Cash payments can be quick and easy; just make sure that you give out receipts and keep accurate records. You can also show them the recommended fees from the Director of State courts. Legal billing software can be set up to provide receipts for this kind of payment method.

By the way you can use a promissory note to receive payments. This will protect you from clients who somehow cannot pay you on the agreed price that you set forth. If a client comes up short they will have to give up something of value that they own in return. This might not be the most practical thing to do. However, it can help a firm or lawyer to get the money they deserve. A person can perjury themselves by signing a promissory note and then mislead the courts if they decide not to pay.

All law firms and lawyers must keep accurate and organized records. If not, it will be hard for you to bill your clients on time and correctly. Above all else, make sure that you provide the best service possible. Helping clients to win a case will usually motivate them to pay you on time.

Leave a Reply

Your email address will not be published. Required fields are marked *

shares