Be ready to have legal retainer financing in place and make life easier for your clients.
The COVID-19 pandemic has affected every business and industry on the planet. Your law practice is no exception. The economy is on pause for the time being, and this likely means a lack of clients and work for many attorneys. Now is the time to prepare and strategize. “This too shall pass”, and when it does you’re going to come out on top this time. When things return to normal, or when you figure out what the new normal is, it’s time to make things simple.
People are going to need attorneys more than ever when social distancing ends. Human nature dictates they are still making mistakes and having legal disputes under quarantine. When the stay-at-homes are lifted, partygoers will go back to the bars in droves (and have accidents). Millions of quarantined couples are experiencing significant stress and pressure on their relationships. Once the shelter in place is lifted, expect divorce cases to skyrocket. Is there a simple way to capture that business? Yes.
The power of making things simple: Make a clear path and make it easy for them to say ‘yes’.
If anything, this time of isolation and reflection can help you take stock of just how cluttered and complicated you’ve been making things. When the economy turns back on, people will be searching for lawyers en mass. With the flood of people who will be searching, he with the easiest solution will win! Fortify, powered by iQualify Lending, makes things easy by offering your clients payment options that they can easily understand.
Start using the Fortify software and you’ll have an easy, modern way to get new clients signed up when they come to you, As the attorney, you get paid upfront with both cash and financing options and get paid over time with an in-house payment option. iQualify attorneys get paid their full retainer on most of their cases without ever having to chase their clients for money or call them for payments. Why? They make things easy!
Clients will be under a lot of stress and confusion when the COVID-19 pandemic is over and they’re going to appreciate an easy solution to their payments. Legal fee financing takes the guesswork and headache of retainer payments off your clients’ minds and lets you start making more money, almost immediately.
Ready to see how it works? Let’s get started now. iQualify Lending will help you make your law practice easier for clients and making more money your new normal.