CollBox

Awesome recap, and glad to continue to be part of this conversation about the future of the legal industry.

We've been blown away by the response we've gotten from the legal community. Recent recognitions by Clio and ABA Tech Show, and ALA have us feeling grateful and also considering what is next for Legal Tech.

Incredible stuff here from the Clio team. We've had similar thoughts on the future of legal tech, and it's great to be affirmed in the direction we're on.

Our co-founder Matt Darner sat down with Ruby Powers on Power Up Your Practice to talk about what he sees across hundreds of law firm billing situations, and it's almost always the same picture: A growing aging report. Closed matters with unpaid invoices. And attorneys who know the problem exists but keep putting it off. The moment a matter closes is the moment your ability to collect starts shrinking. At 90 days past due, you've already lost 47% of your collectability. At two years, you're working with a 15% success rate. Matt also gets into the "ick factor" — why 99% of attorneys hate chasing clients for money, why the wrong person is almost always doing it, and what you can actually do about it. Plus the upstream fixes: the intake conversations, retainer policies, and billing habits that prevent the problem before it starts. If you've got invoices sitting unpaid and you're not sure what to do about them, this episode is worth your time.

The average small law firm has $300K–$800K in unpaid invoices sitting past 90 days. By that point, they've already lost nearly half their collectability. This week Ruby Powers sits down with Matt Darner, co-founder and CEO of CollBox, to talk about the collections problem no one wants to deal with — and exactly what to do before it's too late. 🎙️ Show Me the Money: Getting Paid & Collecting Before It's Too Late — now live https://lnkd.in/eFw7MnpP

Realization lockup: The gap between doing the work and sending the invoice (averaging 38 days, per Clio's Legal Trends Report). Collections lockup: The gap between sending the invoice and actually getting paid (another 45+ days). Add them together and you're waiting 90+ days on money you've already earned. If your monthly overhead is $50K, that's $150K in cash reserves just to cover the gap. Most small firms don't have that cushion. That's how profitable practices end up financially stressed: not because they lack revenue, but because of the time between earning and receiving it. We put together a complete guide to managing law firm A/R: the two types of lockup, why invoices really go unpaid, the 14-day and 90-day rules every firm should follow, and how to know when it's time to bring in outside help. https://lnkd.in/efHJv5fN

You’ve generated the lead. You’ve done the work. But getting paid still feels inconsistent. For many law firms, the gap isn’t in marketing—it’s in collections. That’s where CollBox comes in. It combines automated outreach with human follow-up to help law firms recover outstanding invoices—while maintaining positive client relationships. And unlike traditional collections models, you keep 𝟭𝟬𝟬% 𝗼𝗳 𝘄𝗵𝗮𝘁’𝘀 𝗰𝗼𝗹𝗹𝗲𝗰𝘁𝗲𝗱. Because revenue doesn’t just come from new clients. It comes from closing the loop on the work you’ve already done. 👉 If your firm is carrying aging receivables, this is worth a closer look: https://lnkd.in/gPkEWH5V 𝘛𝘩𝘪𝘴 𝘱𝘰𝘴𝘵 𝘤𝘰𝘯𝘵𝘢𝘪𝘯𝘴 𝘢𝘯 𝘢𝘧𝘧𝘪𝘭𝘪𝘢𝘵𝘦 𝘭𝘪𝘯𝘬. 𝘐𝘧 𝘺𝘰𝘶 𝘤𝘭𝘪𝘤𝘬 𝘵𝘩𝘳𝘰𝘶𝘨𝘩 𝘢𝘯𝘥 𝘴𝘪𝘨𝘯 𝘶𝘱, 𝘐 𝘮𝘢𝘺 𝘦𝘢𝘳𝘯 𝘢 𝘤𝘰𝘮𝘮𝘪𝘴𝘴𝘪𝘰𝘯—𝘢𝘵 𝘯𝘰 𝘢𝘥𝘥𝘪𝘵𝘪𝘰𝘯𝘢𝘭 𝘤𝘰𝘴𝘵 𝘵𝘰 𝘺𝘰𝘶. 𝘐 𝘰𝘯𝘭𝘺 𝘳𝘦𝘤𝘰𝘮𝘮𝘦𝘯𝘥 𝘵𝘰𝘰𝘭𝘴 𝘐 𝘨𝘦𝘯𝘶𝘪𝘯𝘦𝘭𝘺 𝘵𝘳𝘶𝘴𝘵 𝘢𝘯𝘥 𝘶𝘴𝘦. 𝘛𝘩𝘢𝘯𝘬 𝘺𝘰𝘶 𝘧𝘰𝘳 𝘴𝘶𝘱𝘱𝘰𝘳𝘵𝘪𝘯𝘨 𝘔𝘳𝘴. 𝘑𝘶𝘯𝘦 𝘓𝘦𝘨𝘢𝘭, 𝘓𝘓𝘊! #LegalOperations #LegalBilling #Collections #LawFirmRevenue #LawFirmGrowth #LegalTech #MrsJuneLegalLLC #TheAttorneyWhisperer

Looking forward to seeing this one!

In a recent ALA CLE session, nearly 60% of attendees weren't tracking collections lockup and 75% had no defined A/R policy. That's a lot of cash sitting on the table. This session is built to be practical. Matt will cover how to establish real A/R policies, apply low-resistance client follow-up strategies, and use technology to get paid faster without damaging client relationships. You'll leave with ready-to-use tools, not just ideas. If you're attending ALA this year, come find us. We'd love to connect.

See how we help lawyers get paid for their work in this quick video.