Despite consumers’ willingness and high use of online payments, most law firms in Canada only accept cash payments (certified check, EFT direct deposit, Interac) and manually record and handle trust payments.
Clio Payments makes the billing and collections process easier for lawyers while offering secure and compliant online payment choices for their clients.
With Clio Payments, clients can break large bills into manageable amounts on a schedule that fits their needs – an important feature for Canadians with limited resources to access legal services.
Clio Payments was launched in the U.S. at the 2021 Clio Cloud Conference, initiating Clio’s expansion into financial services for the legal industry.
In the first year, Clio established its market dominance as customers quickly migrated to the built-in solution to process their legal transactions. Over USD $1 billion in legal transactions have been processed to date, and that number continues to grow rapidly.
Expanding payments into the Canadian market is a first step to broadening the payments offering internationally.
“Through our work with hundreds of thousands of legal professionals, we know that the most frequent point of friction in attorney-client relationships is collections,” said Jack Newton, CEO and Founder of Clio.
“Financial matters bear a heavy burden on firm operations, time, and revenue. Bringing payments to the Canadian market has the potential to fundamentally change where legal professionals spend their time—and who can access legal services. Canadians can now benefit from a better payment experience when dealing with their legal matters.”