The amount of time it takes for a corporate legal department to pay an invoice has been a point of tension between in-house counsel and the firms they work with. To ease that tension, CounselLink, a matter management platform made by LexisNexis, has partnered with capital solutions provider LSQ to create CounselLink FastTrack to help law firms get paid faster.

“It’s an age-old challenge for law firms and the corporations they work for,” Aaron Pierce, general manager of CounselLink, said in an interview. “It’s in their [legal departments'] best interest to hang onto cash as long as they can. Because of the delays in payment, some of the smaller or more boutique firms can’t work with certain legal departments.”