LollyLaw launches a native online payment offer
According to a Wednesday, July 13 press release, LollyLaw has launched LollyPayments, a native online payment platform that allows users to collect and reconcile payments without relying on third-party vendors.
Paradigm recently acquired LollyLaw and LollyPayments becomes the third Paradigm product to launch fully native payment capabilities, joining PracticePanther and Bill4Time.
“Working with tens of thousands of law firms across Paradigm, we know the huge boost a native payment processor can have on a company’s productivity and bottom line,” said Colin Li. , CFO and CRO of Paradigm, in the press release. “This is especially true for immigration practices, which require a wide range of collection options and languages.”
LollyPayments offers what Paradigm says is the fastest payout time in the industry, with businesses receiving funds 70% faster on average; a range of payment options, including scheduled payment plans, SMS payments, QR Code payments and payment customer portals that can be translated into more than 10 languages; and no monthly membership fees.
“What makes LollyLaw so great is its intuitive functionality and ease of use,” LollyLaw co-founder John Levesque said in the announcement. “When creating LollyPayments, we kept this simplicity in mind and believe that within moments anyone can become familiar with this new feature. Accepting payments doesn’t have to be time consuming, and it doesn’t have to break the bank either.”
Related: Legal platform Filevine raises $108 million and plans to expand
In April, legal labor platform Filevine raised $108 million in Series D funding, money the Salt Lake City firm says it will use to expand into new areas of law. Founded in 2014, Filevine’s platform offers services that range from document management and client communication to legal drafting and time and task management.
Also in April, legal operating system Clara, which offers an integrated collection of tools to help businesses manage and organize themselves, raised more than $3.5 million in seed funding. This money came from the LegalTech Fund, a global fund that promotes disruptors in the legal world. Clara, based in London, is a legal operating system that digitizes and automates legal expertise for startups, including assistance with company formation, preparation of agreements, creation of capitalization tables and l organization of data rooms.