The Wyoming State Bar announced on Apr. 7 that law firms no longer need to rely on standalone online payment platforms, as many legal software providers now include embedded payment solutions in their products.
This development is significant for attorneys and law firms seeking to streamline operations and reduce costs associated with electronic payments. Embedded payment tools can align more closely with a firm’s workflow, potentially eliminating the need for additional monthly charges from third-party vendors.
According to the announcement, primary software vendors in areas such as case management and accounting have integrated proprietary payments tools into their offerings. The statement said this shift allows these companies to retain processing fees instead of sharing them with outside platforms or receiving no revenue when clients use other systems. “That’s better than forcing their clients into another platform (and, receiving no money) or white-labeling a third-party tool (and, only receiving a percentage of the money). Now, that’s straight-up corporate greed, friends. Of course, it’s also how business goes,” the release said.
The statement also suggested that this change benefits consumers by reducing some fees while maintaining standard processing charges: “there is actually a reduced fee (no more monthly charge for a third-party payment software, even as the processing fees are a wash), and it’s better to have an embedded payments tool…”
The Wyoming State Bar reminded members about its free law practice management consulting services through Red Cave Law Firm Consulting. Attorneys interested in improving their technology setup are encouraged to visit the bar’s law practice management page for assistance.
The Wyoming Bar Association oversees legal practice in the state and supports attorneys through resources such as continuing education programs and pro bono initiatives according to its official website. It advances public access to justice via volunteer efforts from lawyers according to its official website and honors outstanding contributions through awards programs according to its official website. The association operates under an elected board representing each judicial district according to its official website and uniquely combines regulatory duties with professional development support as Wyoming’s integrated bar according to its official website.
Established as a voluntary association in 1915 before becoming integrated in 1939, the Wyoming State Bar continues promoting professional standards while serving both legal professionals and the public across Wyoming according to its official website.
