At LTNY 2016, A Renewed Focus on Boosting Law Firm Revenue and Profits
It’s our experience that law firms bleed cash until they have the right systems and tools in place.
Unfortunately the following scenario probably sounds too familiar: law firms do not capture time efficiently and lose track of precious minutes every day, translating to dozens of hours every year. They’re slow to get their invoices out because of a cumbersome, painful process. And they compound their woes by collecting a fraction of what they bill.
For these reasons, it’s not uncommon that we find that law firms often increase revenue by over 20% when they implement Rocket Matter. More billable time gets captured, invoices go out on time, and monitoring accounts receivable is easy as cake.
At LegalTech NY 2016, Rocket Matter is launching a transformational journey to boost law firm profits even further, beginning with two major product announcements.
The first is a thorough integration with QuickBooks Online. Intuit is pushing people away from QuickBooks desktop towards the cloud, and law firms need to be ready for the transition. Rocket Matter makes this transition easier, allowing legal professionals to synch invoices, expenses, trust account credits and debits, as well as all current clients.
Rocket Matter is also announcing Rocket Matter Payments, a streamlined invoicing and collection system that will allow law firms to capture more revenue than before.
From the company’s press release: “With the click of a mouse, Rocket Matter generates an invoice, sends it to a client via email, and includes a link to a payment page. Clients can pay their invoices quickly, easily, and securely, by credit card and directly through their bank.”
Stay tuned for more profit-booting announcements from Rocket Matter in the months to follow.