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Why Law Firms need specialized payments
Legal billing is complex: firms juggle retainers, trust accounts, operating accounts, fee splits, and court‑fee disbursements under strict ethics rules. Generic processors are not designed for client trust accounting or bar‑mandated separation of funds, which can create serious compliance risks.
Client trust / IOLTA requirements
Trust and IOLTA accounts must hold client funds separately, with detailed ledgers and carefully controlled disbursements.
Fees and processing charges generally must not be deducted from client principal in trust; they belong on the firm’s operating side.
Trust and IOLTA accounts must hold client funds separately, with detailed ledgers and carefully controlled disbursements.
Fees and processing charges generally must not be deducted from client principal in trust; they belong on the firm’s operating side.
Remote and Online Expectations
Clients increasingly expect to pay retainers, invoices, and settlements online or by card instead of checks or cash.
Law firms must deliver this convenience without violating state ethics rules or mishandling trust funds.
Clients increasingly expect to pay retainers, invoices, and settlements online or by card instead of checks or cash.
Law firms must deliver this convenience without violating state ethics rules or mishandling trust funds.
High‑Risk and Regulatory Scrutiny
Some practice areas (mass tort, contingency, high‑volume consumer, cross‑border work) can exhibit higher chargeback and regulatory risk.
Processors may treat these firms as high‑risk, limiting options and creating account stability issues.
Some practice areas (mass tort, contingency, high‑volume consumer, cross‑border work) can exhibit higher chargeback and regulatory risk.
Processors may treat these firms as high‑risk, limiting options and creating account stability issues.
If your firm wants to accept modern payments without compromising ethics or trust accounting, contact CARDZ3N to design a law‑firm‑ready payment setup.
