M&T Bank staffs Nota with folks trained specifically in the needs of solo and small law firms
It integrates directly with several legal tech software programs, including Clio, QuickBooks, and LawPay. While integrations provide flexibility, some of the real power comes from not needing them with Nota. Users can write checks directly from the application, and individual client trust account balances are tracked within the system.
Business checking management features includes:
- Category tagging for transactions;
- Category reporting for transactions;
- Digital check registers; and
- Fee-free outbound wire transfers.
Trust account management features include:
- Sub-accounts to track per-matter trust activity;
- Check printing services;
- Customizable alerts for transactions and cleared checks;
- Fee-free outbound wire transfers;
- 3-way reconciliation reporting; and
- A 7-year digital paper trail.
Nota does not have a mobile application, but users can view accounts through the standard M&T Mobile Application. Any changes, transfers, etc. must be made through a web browser on a laptop or desktop.
Who Nota is For
Specialized bankers familiar with the unique requirements of legal practice, like Nota, would be good for any practice. But attorneys with high volume transactions, like real estate attorneys, will likely benefit the most. Quite simply, this marriage of services saves time on a per-transaction level. The more transactions, the more time (and money) saved.
Alternatively, those who rely mainly on flat-fees, or who simply don’t have a lot of account transactions, likely won’t see a benefit.