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The Top Benefits of Electronic Payments for Law Firms 

CaseFox

When it comes to the payment for legal services that you offer, is your law firm giving the flexibility your clients want or deserve? With the help of a secure online payment processing platform like CaseFox, lawyers can improve their firms’ finances. If the answer to this is ‘NO,’ you are lacking business.

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How to Set Up a Law Firm Chart of Accounts

MyCase

Any interest earned on those accounts (since they operate exactly like a banking checking account), does not belong to the client or law firm—instead it belongs to the state bar, and is typically used to fund pro bono cases. Revenue is the income received as a result of issuing your legal services. Any other income.

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How to Start a Law Firm

MyCase

Start by calculating your personal/family finances. This can include: Mortgage or rent (plus utilities) Groceries Gas Wifi and phone bills Car payment(s) Streaming services Gym membership dues Budgeted fun money (outings and shopping) Add up the total monthly amount to determine how much money you need to be financially stable.

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How to Start a Law Firm

MyCase

Start by calculating your personal/family finances. Streaming services . Next, set up the necessary accounts to ensure that you’re in compliance when handling business finances and client funds. You’ll need to visit your local bank or credit union to develop a few accounts and prevent commingling. . Document management.