A common misconception when it comes to legal accounting is that every single lawyer needs to establish a trust account. While it is a sound legal accounting strategy, it isn’t always required. Some states do not require that attorneys establish a trust account, and they can even accept client fee advances into business operating accounts. […]

In part 1 of our blog series we discussed the two areas of concern when it comes to law firms accepting payment via credit cards. We identified those two areas as external and internal. The external concerns are largely associated with the credit card merchant a firm chooses to work with. These concerns were discussed […]

In part 1 of the blog series, “Credit Card Acceptance for Law Firms”, I highlighted the two areas of concern when it comes to law firms accepting credit cards for payment. In any other business, credit cards are a complete no brainer. For law firms this is unfortunately not the case because of the unique […]

If you were watching Family Feud and the clue was “Ways businesses accept payment”, how long would it be before a contestant said credit cards. Survey says… not very long. If it isn’t the first answer given, it would likely be the second. The point is, one of the most commonly accepted methods of payments […]

The leader in law practice management software becomes the only web solution that allows law firms to follow the money end to end.   NORTH BRUNSWICK, NJ – September 1, 2015 – CosmoLex, a leading cloud-based, law practice management software provider, has announced it has become the first in the industry to track money end to […]

Any law practice management system worth it’s salt will feature document management capabilities. A reliable document management will help your firm profit, increase your workflow and protect your firm from risks. The most reliable legal document management systems can now be found in the cloud. How does legal document management in the cloud do all […]

If you are managing a law firm there’s a good chance you have implemented practice management software by now. If you haven’t implemented practice management software yet, there is an even better chance that you have considered it. For those law firms that have implemented practice management software or are looking to do so, the […]

There was a time where you could manage your entire law firm with a quill pen and an ink. That time was long ago and law practice management must have been extremely hard, never mind having to learn calligraphy. While fancy handwriting may have been the lawyer’s challenge of the past now lawyers, who are […]

If you run a law firm you know how important practice management can be. The responsibilities of a partner or owner of a law firm go far beyond the court room. Managing a law firm means that you also have to properly manage a business. A law firm isn’t just any business either. With specific […]

For those of you who have been following this series of blog posts on surviving a legal audit minefield, thank you and I hope you have found it to be helpful. For those of you who haven’t been able to read the three previous posts you can do so at the links below: Legal Accounting […]