A North Vancouver-based knowledge management and collaboration pricing software platform for law firms this month integrated with Clio, Canada’s pioneer in cloud-based legal practice management software.
AltFee provides an alternative fee arrangement system to help lawyers scope out fixed fees, improving the client-lawyer relationship and boosting realization rates. An easy-to-implement tool to support the accurate pricing of legal projects diminishes difficult conversations about hourly bills at the end.
“Integrating with Clio has been a milestone on our roadmap from the early days, as the overlap in Clio’s customer base and our target market is tremendous,” said Scott Leigh, one of the cofounders behind AltFee.
Trusted by 150,000 legal professionals globally in 100 countries and approved by 70 bar associations and legal societies, Clio provides security, customer support, and an app ecosystem integrated with many key products and services, including AltFee.
“Our partnership will empower the legal industry to deliver improved law practices through alternative fees,” Leigh stated. “We are excited to continue to build on our partnership with Clio.”
This specific integration will automatically sync a firm’s contacts in Clio with its AltFee account, ensuring contact consistency when scoping and pricing matters within the software or managing operations in Clio Manage. Changes in Clio will automatically update in AltFee, saving time and ensuring consistency.
“A transparent fixed fee is a significant foundation for trust in the attorney-client relationship,” said Jonathan Watson, Chief Technology Officer at Clio. “AltFee has introduced an innovative software solution for better pricing, and we are excited to integrate their technology into Clio.”
With over 200 integration partners, “Clio is focused on providing more options for law firms to tailor workflows to meet the specific needs of their clients,” stated Watson.
This year Clio achieved the fabled Centaur status. The Burnaby-based provider of cloud-based legal technology is Canada’s first legal technology company to wear the crown, and one of only 150 companies globally.
In the startup world, a Unicorn is a company with a valuation north of $1 billion—a status Clio earned just last year. To become a Centaur, a private SaaS company must achieve more than $100 million in annual recurring revenue.
“Our centaur designation is just one lens to measure our success in the market, but in the context of today’s tech economy it signals much more,” Jack Newton, CEO of Clio, stated in June. “We’re incredibly proud of this accomplishment, which is one more important milestone in Clio’s growth story.”