Sarah Schaaf wanted to revolutionize how lawyers get paid. After growing up with lawyer parents and then becoming a lawyer herself, including a stint in Google’s legal department, she saw the problems lawyers had in collecting from clients. She envisioned a platform as easy to use as PayPal or Venmo, but made specifically for the legal field and fully compliant with lawyers’ professional responsibilities.
Headnote, the company she co-founded and leads as CEO, is both a payment-processing platform, allowing lawyers to accept echeck and credit card payments, and an accounts-receivable automation platform, to help ensure invoices get paid. Headnote takes a unique approach to the e-payments process, aiming to make it easier for both the lawyer and the client. It is also transparent about its pricing, with no monthly service fees and fixed transaction fees of 1.9% for echecks and 2.9% for credit cards.
In this episode of LawNext, Schaaf joins joins me to discuss her company and her thoughts about payment processing in general. She describes how Headnote evolved out of her own experiences as a lawyer, how it differs from other payment processing platforms, and what lawyers should understand when selecting a payment processing company.
Listen above, on Apple Podcasts, or via your favorite podcast player. To never miss an episode, subscribe on Apple Podcasts or via RSS, or like us on Facebook. And if you like what you hear, say something nice in Apple Podcasts. Your ratings help us reach more listeners.
Comment on this show: Record a voice comment on your mobile phone and send it to email@example.com.