7 06
The world and the way we communicate within it has changed a lot since 1999 when the ABA introduce Formal Opinion 99-413 to address confidentiality obligations for email communications with clients. Mailed letters, faxes and many phone calls are now often replaced by more extensive communication through email and other digital means; but the lawyer’s […]
6 06
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. […]
1 06
Data Migration from a legacy system can be hard. Talk to a firm that has attempted to migrate their legal accounting data from one system to another and they’ll likely tell you a horror story. Fortunately for firms looking to move into the cloud now, CosmoLex has created set of procedures and tools to migrate […]
31 05
Quickbooks is a great accounting tool for any general business but if you work for a law firm, then it is missing many of the key factors you need! Recording client costs properly requires a legal-specific chart of accounts that many general business accounting programs do not include. Generally, there are three types of Accounts […]
30 05 0
For small firms, lack of personnel and resources can make many administrative tasks challenging. The attorneys need to spend time with clients and administrative tasks like tracking time and expenses may fall by the wayside. There is no answer on how to hire more staff if your firm isn’t ready to do so, but you […]
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