Legal Billing Archives | Page 3 of 26

Best Billing Practices of Successful Law Firms

July 26, 2017 / by Rick Kabra / Legal Billing

Billing: it can be a lawyer’s best friend and worst enemy. Chances are, when you first decided to pursue a career as an attorney, sending out invoices wasn’t the most exciting activity you dreamt about. But at the end of the day, the only way to provide an electric performance in the courtroom is to […]

Tech Tip #142: Can Your Credit Card Processor Handle Deposits From Your Clients?

June 29, 2017 / by CosmoLex Team / Legal Billing, Tech Tips

Credit card processing merchants find themselves working across multiple industries. It’s important for law firms to know if their credit card merchant provider can manage credit card payments for a law firm. With typical client deposits amounting anywhere from $10-$30K, many merchant providers are not able to efficiently serve law firms as they put holds […]

Credit Card Processing Tips For Law Firms

June 15, 2017 / by Rick Kabra / Legal Billing

The use of credit cards when paying for goods and services is something that is no longer just acceptable, it’s becoming closer to the norm. Let’s be honest, the legal industry has been a little behind the rest of the world when it comes to accepting credit cards. Regulations and requirements associated with credit card […]

Tech Tip #138: Match Bills to Proper Client Matters

June 8, 2017 / by CosmoLex Team / Legal Billing, Tech Tips

Managing which bills from which vendors should be attached to which client can be a difficult task. This can become more difficult when you have multiple legal matters for a single client and the vendor bills need to be appropriately tied to the actual matter. Utilize legal-specific accounting software that allows your firm to tie […]

Tech Tip #137: Holding Bills Is Necessary When Managing Your Cash Flow

June 6, 2017 / by CosmoLex Team / Legal Billing, Tech Tips

Do all of your clients pay your invoices on time? Probably not. If they do you should probably write a book about it. For law firms, it is sometimes necessary to hold bill payments. By holding bills from vendors until clients have paid the firm, it ensures that the firm maintains a positive cash flow. […]