iPads In Court — The Changing Face Of American Law Practice
The March/April 2014 issue of Law Practice Magazine had an interesting article entitled, “I Submit My iPad as Exhibit A…”The authors interviewed two lawyers who regularly use iPads in court as part of their practices. The article focused on iPads specifically but much of the information applies to general cloud-based technology, including CosmoLex law firm […]
Avoid These Common Retainer Accounting Mistakes
CosmoLex’s built-in trust account management features are a big help to law offices that work on retainer, but there are still some errors you have to be careful to avoid. Attorney trust accounting software works best when used alongside smart account management practices. Here are a few mistakes to look out for. Taking Money Before […]
What’s The Matter With Matter-Based Billing?
Matter-based billing is unique to the law industry. Other service businesses bill by client and commercial billing software is designed around this model. If you don’t use specialized legal billing software like CosmoLex then you are going to face some challenges. Applying Payments – When clients have multiple matters with your practice you need to be […]
What Can We Learn From Heartbleed?
By now the Heartbleed bug is old news but it is still relevant to any online activity. CosmoLex legal software was unaffected by the Heartbleed bug but that doesn’t mean you are completely safe. Here are a few tips about how to protect yourself both when using CosmoLex and when indulging in other online activities. […]
Tips To Improve Legal Practice Collection Rates
Nobody likes playing collection agency — even collection agencies! You don’t need to be demanding or inconsiderate to get your clients to pay up. CosmoLex legal billing software is a valuable tool for increasing collections and cash flow for your practice. Accurate Billing – The first step in getting paid is sending an invoice. CosmoLex’s professional […]
CosmoLex to Exhibit at New Jersey State Bar Association Annual Meeting and Conference
Company executives to showcase how CosmoLex simplifies administrative tasks in an office, allowing lawyers to fully focus on the practice of law NORTH BRUNSWICK, N.J. – May 6, 2014 – CosmoLex, a cloud-based legal billing and trust accounting software provider, today announced that the company will be showcasing its flagship product at the New Jersey State […]
Why Law Firm Billing and Trust Account Systems Must Work in Tandem
Interrelated Billing and Trust Transactions Function like a Bicycle Built for Two Technology can be friend or foe. For small to medium size law firms, billing system choices exhibit the greatest contrast in the use of technology, for better or worse. Law firms recognize the need for automated time tracking and billing systems. No arguments […]
Three Ways To Generate Three-Way Reconciliation Reports For Trust Accounting Systems
Three-way reconciliation reports are required by most state trust account regulations. Not only that but they are simply a good idea, allowing administrators to be sure that all funds in a trust are accounted for. There are many ways to generate these reports and we’ll look at three: manual reports, non-trust software, and legal accounting […]
General Retainer Management Tips
Don’t make the mistake of assuming being hired on a general retainer means you don’t need to track your expenses. Clients want to know they are getting value for their money. You should use billing software for lawyers to produce expense reports to assure clients your retainers are not too high — and to assure […]
The Trick to Administering Multiple Trusts From One Bank Account
A common practice for law offices is to open a separate physical account for each trust account they have to oversee. This makes it easy to ensure the funds don’t intermingle but it’s an administrative nightmare. CosmoLex includes a built-in trust accounting system that makes it easy to manage any numbers of trusts from a […]
