LollyLaw, a cloud-based practice management platform designed for immigration lawyers, is today launching a native electronic payments platform, LollyPayments.
The new e-payments capability enables LollyLaw customers to collect and reconcile payments without having to switch between LollyLaw and third-party vendors. It is available to all LollyLaw customers as of today.
The launch of LollyPayments comes less than three months after LollyLaw was acquired by the law practice management company Paradigm, whose portfolio of law practice products already included the practice management platforms PracticePanther, Bill4Time and MerusCase; the payments platform Headnote; and the legal accounting software TrustBooks.
In a demonstration last week to preview LollyPayments, Colin Li, CFO/CRO of Paradigm, and John Levesque, cofounder of LollyLaw, said LollyPayments is a full-featured payments platform designed with the particular needs of immigration lawyers in mind.
In particular, Levesque said, many immigration clients are not able to pay their legal fees up front. Recognizing this, LollyPayments includes the ability to easily set up scheduled payment plans, track payments, and automatically send reminders.
It also features a payment portal that can be translated to 10 languages. In addition to the payment portal, clients have the ability to pay via SMS and QR codes.
Other features, according to Li and Levesque:
- Fastest payment turnaround time in the industry, with firms receiving funds 70% faster on average.
- Fully compliant with IOLTA, the ABA and all 50 state bar guidelines for accepting online payments.
- Simple and transparent pricing with no added monthly membership fees.
“From working with tens of thousands of law firms across Paradigm, we know the tremendous boost a native payment processor can have on a firm’s productivity and bottom line,” said Li. “This is especially true for immigration practices, which require a wide range of collection options and languages.
“With LollyLaw Payments, we are thrilled to launch a simple but comprehensive solution that addresses the unique needs of immigration firms and their clients.”
When I talked to Levesque at the time of Paradigm’s acquisition of LollyLaw, he told me that a key goal in developing the platform had been to make it “a very approachable, easy-to-use software.” In developing LollyPayments, they kept that simplicity as a focus, he said.
“[I] believe that in a matter of moments, anyone can familiarize themselves with this new feature. Accepting payments doesn’t have to take a ton of time, and it doesn’t have to break the bank either.”
LollyLaw already integrated with LawPay, and Li said they would continue to support that. “We support customer choice,” he said.
[Disclosure: Paradigm, the parent company of LollyLaw, is a paid sponsor of my LawNext podcast.]