Fee Financing for Law Firms - QuickFee - Payment Portal & Fee Financing For CPAs, Law Firms, and More
If you are a law firm that's looking to improve your cash flow, enhance client relationships, and reduce bad debt, then check out QuickFee's Fee Financing Option for Law firms. Inquire today.
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Fee Financing for Law Firms

Past due invoices and growing accounts receivables are a common problem for today’s law firms. But do you know how bad the problem really is?

 

The Commercial Collection Agency Association has found that, the longer an invoice remains unpaid, the less likely it is the firm will ever receive the amount owed. According to their research:

 

  • After 3 months, the odds of collecting a delinquent account was 73 percent.
  • After 6 months, that probability drops to 57 percent.
  • After 1 year, you’ve only got a 29% chance of collecting on the invoice.

 

Basically, if your client owes you $10,000, that invoice is worth just $2,900 to you, on average, if it goes a year past-due.

 

Stop Unpaid Invoices with Fee Financing

 

QuickFee’s legal fee financing gives your clients the time they need to settle their balances, while you get paid – in full – upfront. Here’s how it works:

 

Step #1: Give Your Customers More Payment Options

 

Once you’ve signed up with QuickFee, you’ll be able to offer legal fee financing assistance through a number of channels:

 

  • Process clients’ loans for legal fees through QuickFee’s cloud-based portal.
  • Include a link to QuickFee’s fee financing arrangement program on the invoices you send to customers.
  • Launch a QuickFee payment portal which offers not just fee financing, but ACH/EFT and credit card payment options as well.

 

Step #2: QuickFee Reviews Customer Applications

 

Behind the scenes, QuickFee runs a credit check on your clients’ companies as part of our approval process.

 

Once your clients are vetted, they’ll be able to select payment terms between 3-12 months in length, for amounts beginning at $2,000 ($5,000 in California).

 

Step #3: Get Paid In Full Upfront

 

Within 4 business days, QuickFee will deposit the full balance owed on your approved customers’ invoices into your bank account.

 

No more wondering if your invoices got lost in the mail. No more trying to nail down clients who avoid your calls. Just the cash owed to your firm, in your account. It’s as simple as that.

Get Started with Fee Financing for Law Firms

 

Stop letting past due accounts receivable put your legal practice into financial jeopardy. Let QuickFee be the “silent middle-man” that takes the headache out of collecting client invoices and gets you the money you’re owed.

 

Start getting cash in your pocket in less than a week. Contact us today with any questions or to begin the fee financing application process.

The Benefits of Fee Financing for Law Firms

 

Adding fee financing to your firm’s payment processing options helps both you and your customers.

 

You benefit from:

 

  • Less hassle involved in collecting invoice payments
  • Better cash flow that you can reinvest into landing new business
  • Happier relationships with your existing customers
  • More referrals for new business from these satisfied clients
  • New work from prospective clients who appreciate your ability to offer flexible payment terms

 

At the same time, if you have clients who are looking for help with their legal & professional fees, QuickFee makes it possible for them to:

 

  • Better manage their cash flow through more regular payments
  • Enjoy competitive interest rates and payment schedules set on their terms
  • Get the legal work they need done – even if they don’t have the cash up front

Companies win more work with QuickFee

Get Started