Without a doubt, you offer legal services which is a highly specialized field. However, at the same your law firm is a business. If you don't gain new clients, you will not have a successful law firm. These are four simple ways you can grow your clientele using payment plans.

Number 1: Do you offer payment plans?

Most attorneys offer in-house payment plans. A client comes in and you collect a retainer fee or a percentage of the outstanding amount up front. Now, you have created an accounts receivable and invoicing. This requires more work on your end. You can avoid this by offering flexible payment options. Today, you can partner up with KGFA Capital and our funding partners to eliminate accounts receivables and invoicing.

Call 888-505-5835 to obtain more information !!!

Number 2: Offer flexible financing options with a Finance Company

Instead of having to do this in house you can partner up with a Finance Company. What are the benefits. You eliminate invoicing and accounts receivables. The finance company pays you within 2 to 3 business days the total outstanding invoice. For instance, let's assume you are a defense lawyer and your total fee is $2,000 dollars. If your client is approved, you receive the $2,000 within 2 to 3 business days and your client pays the finance company.

Number 3: What do your clients need to obtain financing?

This type of financing is known as buy now pay later. This was not available for service based businesses. I'm sure you are familiar with amazon.com. Amazon gives their buyers the option to buy now and pay later. Most recent, Apple paired up with Affirm Finance to offer buy now pay later for their products and services. Until recent, attorneys did not have this option. Now, your clients at your law firm have this option. There is no credit check. Your client must have a credit card, which serves as the collateral. That is the only requirement. The financing is backed by the credit card. It's like when you rent a car. The rental car companies place a hold on the card for the amount of the insurance deductible in the event there is an accident. This works the same way. If you bill $2,000, your client must have $2,000 in available credit with a credit card company. The $2,000 is placed on hold. Your client will have 4 easy installments of $500 to repay back the $2,000. This is excluding the finance fees. The finance fees can range 5% to the law firm and 3% to your client a total of 8% on an average. You as the law firm can assume the 8% or you can change your pricing on all fees and increase the price as long as it is a standard practice. Now, you may ask why would a client not pay with their credit card? If the client pays 3%, it is less than any interest rate on a credit card unless is there is an introductory rate of 0%. Most clients don't have 0% on their credit cards. Aside from the 3%, during the 4 installments your client pays 0% interest. We have experts who can help you structure this. You are an attorney and we must comply with all regulations. We have experts who can answer all of your questions in this areas.

Call 888-505-5835 to obtain more information !!!

Number 4: Better advertising with financing options

Most attorneys do not advertise obtain legal services with financing. You can structure your social media advertising, print and media advertising accordingly. Again, the advertisements must have specific disclosures. That depends on how you want to handle the 5% and the 3% fee. In house financing specialist can help your structure your advertisements.

In summary, this was not available to most law firms 2 to 3 years ago. It was only available to companies who sold a tangible item. Today, the fintech industry has changed. These are 4 simple ways attorneys can grow their clientele with financing options. To learn more contact us at: info@kgfacapital.net or contact us at: 888-505-5835 Disclosure: KGFA Capital Ventures Inc. is a funding partner of QF Group LLC, United Consumer Financial Services Co and other funding partners. We cannot make any guarantees that your law firm or that any accountant will be approved to provide financing to their clients. Law firms and accountants must submit an application which will be underwritten to determine approval or denial. Rates are subject to change any time without notice. If approved, all clients are subject to underwriting guidelines to obtain financing.