Boost Your Income with Value Billing

Attorneys work with three basic billing structures: hourly rates, flat fees and contingency billing. CosmoLex legal billing software for attorneys can handle all three. However there is a fourth type of billing that is common among various consultants and contractors: value billing. Value billing on the surface seems similar to a flat fee: the attorney […]

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Tips For Improving Your Law Practice’s Cash Flow

There is a very good article in the May/June 2014 issue of Law Practice entitled “Improving and Managing Cash Flow“. The author, Allison C. Shields, says, “Inconsistent billing practices, long delays on accounts receivable and languishing WIP (work in process, i.e., work that has been completed but not billed) can wreak havoc on a firm’s […]

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