""There is no one owning the accounts receivable process inside law firms. There is no one in the market helping law firms chase those bills and get paid for them once they go past due.""
""That's the star of the show right now, because no one wants to call on past due bills," said Darner, adding that CollBox has recovered more than $100 million for law firms in the past year."
CollBox secured first place at the ABA Techshow's Startup Alley pitch competition, helping lawyers collect unpaid invoices. Founded in 2015, it addresses the average 97-day payment delay for law firms. Co-founder Matt Darner emphasized the lack of ownership in the accounts receivable process within law firms. CollBox integrates with practice management systems to detect unpaid bills and employs email reminders and expert calls to recover payments. The company has successfully recovered over $100 million for law firms in the past year.
Read at ABA Journal
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