Litify launches same-day Digital Disbursements. Powered by Confido Legal, this is the first tool of its kind for personal injury settlement payouts. NEW YORK-(BUSINESS WIRE)-Litify, the all-in-one platform powering legal's top performers, announced today the availability of same-day digital disbursements to streamline personal injury settlements and empower plaintiff firms with a modern experience, meeting today's expectations for instant access to funds and reducing the risk of check fraud. Through a strategic partnership with Confido Legal, a premier payment processing platform, Litify clients can now securely automate, track, and manage every disbursement to their clients directly within the Litify platform, complete with configurable approval workflows and payout options for each transaction. According to Litify clients who have already made the switch to digital disbursements, 80% of their clients have chosen an instant disbursement when given the option. Share "For competitive plaintiff firms, providing an excellent client experience is critical, as referrals, reviews, and word-of-mouth are the foundation of brand reputation and new client acquisition," said Litify Chief Product Officer Lauren Rothrock. "With the rising demand for instant and virtual payment options, closing each case with a disbursement process that's mobile, flexible, and modern is now as important to a firm's continued success as that initial phone call. At Litify, we're focused on enabling our clients to offer an exceptional experience from start to finish, which is why we're excited to be the first to bring digital disbursements to market for personal injury claims." While payment technology has evolved over the last decade, many personal injury firms are still using highly manual settlement and disbursement processes. According to information gathered by Litify, 80+% of personal injury settlement payouts are still paid via paper check, increasing the risk of human error or check fraud and leading to slow turnaround times for plaintiffs. In some cases, it can take six weeks or more following a settlement for a plaintiff to receive their disbursement. "Digitizing disbursements isn't just a process upgrade - it's about meeting the expectations of the next generation of plaintiffs who are used to fast, digital payments. The process of disbursing settlement funds is stuck in the past. This is the next big opportunity for operational efficiency and client satisfaction," said Emery Wager, Co-Founder of Confido Legal. "We're excited to partner with the Litify team, who continue to push the boundaries of what's possible with technology and integrated finance to transform the business of law." Today's consumers increasingly expect virtual and contactless payment options. According to Litify clients who have already made the switch to digital disbursements, 80% of their clients have chosen an instant disbursement when given the option. Together, Litify and Confido Legal are modernizing the personal injury settlement process - via instant deposit or ACH, with additional payout options like PayPal coming soon - so that firms can meet and exceed the expectations of an all-new generation of clients. The digital disbursement capabilities adhere to Litify and Confido Legal's strict security standards and to federal regulations that protect cardholder data and account information and govern ACH transactions. Within the Litify platform, clients can configure permissions and approval workflows for each matter to prevent unauthorized disbursements and keep reliable, auditable records for trust and IOLTA account transactions. In most states, proper recordkeeping is key, including tracking who received the funds, when they were disbursed, and who approved the disbursement. Learn more in the State-By-State Guide to Disbursing Client Funds Electronically for Law Firms. Available now, Digital Disbursements completes the end-to-end financial process within Litify. While a firm is working a case, Litify captures every expense and provides a visual financial summary of all transactions. As the firm begins negotiations, an attorney can use the settlement calculator to preview different scenarios in real-time based on the financial information already saved in the platform. Now, as a settlement is received, firms can easily approve and digitally disburse that payment to the client, and the client can receive their payout on the same day. To get access or to learn more about the benefits it can bring to your team, contact your Litify Customer Success Manager or request a meeting today. About Litify The platform powering legal's top performers. Litify helps law firms and corporate legal departments achieve better business performance with an all-in-one platform that standardizes, measures, and improves their legal operations. The industry-leading platform combines secure cloud-based technology, configurable and automated workflows, and a powerful business analytics engine to deliver a solution that evolves with each business. Capabilities include matter and intake management, document generation, timekeeping and billing, legal front door and corporate eBilling, real-time dashboards and analytics, mobile, and much more. About Confido Legal Confido Legal helps law firms integrate digital payments into their workflows to reduce costs, streamline operations, and enhance the client experience - all while complying with ethical obligations. The company's disbursement solutions enable firms to send settlement funds instantly, eliminating the delays and inefficiencies of paper checks. Designed for security, compliance, and powerful integrations, Confido Legal ensures that firms can send and receive payments faster while maintaining financial controls and oversight. Media Contact Julia Woodward Litify [email protected] More News From Litify NEW YORK-( BUSINESS WIRE )-Litify, the all-in-one platform powering legal's top performers, today released the second annual 2024 State of AI in Legal Report. The comprehensive report is the result of a nationwide survey conducted by an independent market research firm to identify the continued use and impact of artificial intelligence across the legal sector. The second annual report includes insights from a random sample of verified legal professionals and near-equal representation from plain... 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