From $100 Million Recovered to What’s Next – Empowering Law Firms to Thrive

At CollBox, we’re not just celebrating a number; we’re commemorating a monumental achievement that underscores our unwavering commitment to the legal industry. 

We are incredibly proud to announce that we have successfully recovered over $100 million in unpaid invoices for law firms across the United States. This remarkable milestone is a testament to the trust hundreds of law firms have placed in our solution and the profound impact we’ve had on their financial health and operational efficiency.

To mark this occasion, our Co-founder and Vice President of Business Development, Matt Darner, recently joined Bob Ambrogi on the LawNext PR podcast to discuss this achievement and the transformative power of legal technology in addressing critical cash flow challenges.

The Pervasive Problem of Legal Cash Flow 

For too long, cash flow management has been one of the top challenges facing law firms. Attorneys, partners, and staff often find themselves bogged down by cumbersome processes for collecting payments, unresolved invoices that linger for months, and limited tools to manage accounts receivable efficiently. The repercussions are real: firms risk losing revenue, accumulating debt, and creating unnecessary stress for their teams.

As Matt Darner highlighted on LawNext PR, “no one went to law school to be a bill collector or to chase past due invoices”. This isn’t just about a lack of desire; it’s about a fundamental mismatch of skills and priorities. 

Our survey of 50 law firms consistently revealed pain points such as late invoices disrupting financial planning, feeling stuck without efficient collection systems, and the administrative burden detracting from core legal work. 

This problem is particularly acute for smaller firms, where lawyers themselves often bear the burden of chasing payments, creating discomfort and even damaging client relationships. According to Clio’s 2024 Legal Trends Report, the average firm waits 92 days to collect earned fees, and AffiniPay’s 2025 Legal Industry Report notes that 68% of law firms cite fee collection as a major operational challenge.

How CollBox Transformed Accounts Receivable 

The journey to recovering $100 million didn’t happen overnight. It’s the result of our innovative, collaborative approach that marries cutting-edge technology with the indispensable human touch.

Here’s how we’ve empowered law firms:

• Seamless Integration: CollBox integrates directly and effortlessly with popular practice management and accounting software like Clio, Smokeball, MyCase, and QuickBooks. This allows us to automatically identify past-due invoices, streamlining a previously manual and time-consuming process. Our integration with Clio has been particularly impactful, tripling our revenue and earning us recognition as one of their best new apps.
• Expert Human Outreach: While technology drives efficiency, our success lies in the dedicated team of North American-based accounts receivable experts. These professionals are trained in the nuances of AR and approach clients with a gentle, professional demeanor that helps preserve valuable client relationships—a critical concern for law firms. They act as an extension of your firm’s back office, making calls and sending emails as if they were your own staff. This “fractionalized” approach allows one AR expert to support 15 to 20 law firms, significantly reducing costs while providing dedicated, specialized support.
• Transparency and Control: With a transparent results dashboard, law firms can track the progress of collections and stay informed every step of the way. You’ll always know what is being communicated and how often, with complete visibility into all activities.
• Flexible Solutions: Whether your firm needs a one-time “clean-up” project for accumulated debt or ongoing monthly support to keep cash flow consistent, CollBox offers tailored plans. Firms often have accumulated accounts receivable ranging from $500,000 to $800,000 for small firms, and up to $2-5 million for mid-sized firms.
• Unmatched Results: Firms using CollBox see remarkable improvements. They typically get paid 40% faster than with traditional processes. On average, firms recover $66,000 per month, with the average lifetime amount recovered exceeding $800,000. Crucially, law firms keep 100% of all payments recovered. Our flat-fee subscription model means we don’t work on contingency or touch your money, fundamentally differentiating us from traditional collection agencies. We offer this service at just one-fifth to one-sixth the cost of hiring equivalent in-house staff for collections management.

CollBox isn’t a collection agency that burns bridges; we’re a proactive, transparent solution designed to avoid the need for escalation to collections or filing suit. We act as the law firm, handling “first party” collections, whereas a collection agency is for when other means have failed and client relationships are no longer the primary concern. 

We also prioritize confidentiality and security, undergoing rigorous reviews by partners like Clio and Intuit, and only accessing necessary billing data.

What’s Next for CollBox: Our Vision for the Future 

While celebrating the $100 million recovered is a significant milestone, for CollBox, it’s just the beginning. We are dedicated to broadening our impact, developing even smarter tools, and helping more law firms reclaim their revenue in the years ahead. As industries evolve, we’re committed to staying ahead of the curve and delivering the best solutions for modern cash flow management.

We will continue to combine intelligent automation with the personalized outreach of our trained professionals, ensuring that our solutions remain purpose-built for the unique needs of legal professionals. We are consistently looking at ways to leverage advancements, such as AI, to make our processes even more seamless and efficient, while always retaining the essential human element that preserves client relationships.

We’re also actively engaging with the legal community, participating in key industry events like ClioCon, AffiniPay’s Kaleidoscope, and the Lawyer Growth Summit. These opportunities allow us to connect directly with law firms, listen to their evolving needs, and demonstrate firsthand how CollBox can be a pivotal partner in their success.

At CollBox, our mission has always been to empower firms to focus on their core work—delivering their best to clients—rather than being distracted by financial roadblocks. We believe that reclaiming lost revenue should not only be attainable but effortless.

Ready to Simplify Your Cash Flow? 

We encourage all law firms to reflect on their current financial processes:

• Are unpaid invoices putting strain on your operations?
• Is cash flow uncertainty impacting your ability to grow?
• Are collections taking up time that could be spent on better priorities?

If any of these resonate, CollBox is here to help. Join the hundreds of law firms that have already recovered millions with CollBox. Let us take the stress out of accounts receivable and put your focus back where it belongs—on your clients and cases.

Explore how CollBox works and take the next step toward better cash flow today. We extend our deepest gratitude to the law firms who have partnered with us on this journey. Together, we’re building a world where cash flow doesn’t have to be a barrier for growth—one unpaid invoice at a time.