The law practice management platform Filevine has added the build-in ability for law firms to accept electronic payments from clients, capping off its suite of time and billing capabilities in a new feature set it calls Time Tracking, Billing, and Payments.
The new Payments by Filevine allows firms to accept ACH, credit card and debit card payments, and to track, automate, and customize payment collection.
Clients can now pay invoices via a link in the invoice and the payment is directly applied to the client’s account, with invoice statuses updated automatically.
Filevine says this new payments feature is a capstone to an end-to-end billing cycle that supports various types of fee agreements. Whether firms charge for their services using contingency fees, hourly billing, or flat fees, Filevine now offers the end-to-end capability to create time entries or fee items, enter them into an invoice, and more easily get paid.
In a related announcement, Filevine said it will now offer free user licenses to its basic platform to any firm with two or fewer employees when they process $500,000 in payments annually through Filevine Payments.