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Five Legal Accounting Resolutions for the New Year

5 resolutions - Legal Accounting in 2018

What did you resolve to do in the New Year? From saving money to losing weight, many of us vow to make improvements to our personal lives, and it’s important to consider how we might better ourselves professionally as well. Especially if you run a law firm, it is critical to not only take a […]

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7 Reasons To Run a QuickBooks-Free Law Firm

Reasons to Run a QuickBooks-Free Law Firm

Often the go-to software for general accounting, QuickBooks offers tools that fulfill the needs of many small and medium-sized businesses. However, due to the compliance requirements unique the legal industry, it is important to recognize the program’s limitations – particularly when it comes to billing, trust accounting, and proper allocation – and consider utilizing a […]

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7 Common Habits of Successful Law Firms

Good Habits of Successful Law Firms

For so many lawyers, having their own law firm is a dream. Many lawyers reach that point only to learn how much more challenging it can be to run a successful law firm — and let’s be honest, nobody sets out to own and manage an unsuccessful firm. Here at CosmoLex, we work many different […]

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How to Navigate the Complexities of Creating a Productivity-Based Compensation Model for Your Law Firm

legal compensation model calculator

Unsurprisingly, the issue of compensation is a major focus area for management when running a law firm (or any business for that matter). This point often becomes particularly complicated for lawyers due to the unique complexities associated with the billing practices in most law firms. Because of this, establishing a sound measurement of productivity in […]

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