"8am research shows that fee collection, expense collection, and expense tracking are legal professionals' greatest financial and operational challenges. According to Leslie Witt, 8am Chief Product Officer, We work closely with firms to understand how they actually operate, where time is lost, where revenue slips through cracks, and where processes break down."
"All the GenAI add-ons in the world aren't going to make good coffee if the coffee maker isn't a good one. The same thing is true in legal tech: there are some tools that do certain jobs better without being trumpeted as a GenAI tool. It's that underlying non-AI tool that needs to work well."
8am announced an expansion of its LawPay platform into a comprehensive financial management system designed for law firms. The company focuses on business operations including billing, accounting, time tracking, and collections—critical functions for law practice profitability. Research from 8am identifies fee collection, expense collection, and expense tracking as legal professionals' greatest financial and operational challenges. The platform operates without artificial intelligence, emphasizing that underlying tools must function effectively regardless of trendy technology additions. 8am works directly with firms to identify operational inefficiencies, revenue leakage, and process breakdowns. The expansion includes a component called 8am Smart Spend, representing the company's commitment to practical financial management solutions.
Read at Above the Law
Unable to calculate read time
Collection
[
|
...
]