Attorney Trust Accounting Archives | Page 3 of 12

Tech Tip #118-Managing The High Volume of IOLTA Transactions Related To Immigration Law

March 30, 2017 / by CosmoLex Team / Attorney Trust Accounting, Tech Tips

Tech Tip IOLTA Accounting Immigration Law

IOLTA Trust accounting is often one of the most difficult aspects of managing a law firm. Immigration law sees a higher volume of IOLTA transactions than other practice areas. Immigration attorneys looking to efficiently manage their trust accounting need to employ a practice management system that features an accounting system with safeguards in place to […]

Losing a Case, Pet Tigers, or Trust Accounting – Which Poses the Greatest Risk to Your Firm?

March 29, 2017 / by Rick Kabra / Attorney Trust Accounting

Let’s play a game. I’m going to list a few things about practicing law and you tell me which one is most likely to take your firm down. You have been working on a case for several months, but unfortunately, the decision was not in your client’s favor. The trust funds your firm manages may […]

Tech Tip #114-It’s Easy to Maintain Evergreen Retainers

March 16, 2017 / by CosmoLex Team / Attorney Trust Accounting, Tech Tips

The reality is, retainers deplete, but there’s a way to prevent your business from slowing down! Have a process in place that will track a minimum balance (Evergreen Retainers) allowed and help prevent the dreaded zero balance. CosmoLex software lets you know when retainers are low and gives the option to send a customizable e-mail […]

Tech Tip #113-IOLTA Transactions For Immigration Attorneys

March 14, 2017 / by CosmoLex Team / Attorney Trust Accounting, Tech Tips

Tech Tip Immigration Attorneys IOLTA Accounting

Many firms work on matters that last for several months and carry a large price tag. For immigration attorneys, this isn’t the case. Dealing with multiple matters that feature more IOLTA transactions inside of each matter is the norm. Multiplication tells you that this is more IOLTA transactions than any attorney wants to manage manually. […]

Tech Tip #109-A Stable IOLTA Workflow For Immigration Attorneys

February 28, 2017 / by CosmoLex Team / Attorney Trust Accounting, Tech Tips

Immigration attorneys see more IOLTA transactions than attorneys in other practice areas. This requires them to align data between multiple systems on a regular basis. This process can become time-consuming and error prone. Watch this video produced by our CosmoLex Accounting Partners at Law Firm Velocity to learn more about IOLTA issues for immigration law […]