Inspire trust to keep clients loyal to your law firm. Loyal clients are one of a law firm’s most valuable assets. For one thing, providing counsel to existing clients is a much more efficient use of your firm’s resources than chasing down new ones. Secondly, loyal clients are both familiar with you and satisfied with your work, which makes them … Read More
Five Ways to Avoid a Malpractice Lawsuit
Avoid malpractice suits—and make your clients happy—with these five techniques. There is a reason many lawyers carry malpractice coverage. Even a single groundless claim can run a firm tens of thousands of dollars in defense costs. This is particularly problematic for small firms and solo practitioners, who are the most likely to risk operating without malpractice coverage and also might … Read More
What’s Your Goal? Setting Goals for Career Fulfillment
Setting goals can help you avoid burnout and shape the career that is right for you. Remember the day that you graduated from law school? You felt proud, relieved, exhausted, and excited about what the future might hold. All of your hard work had paid off, you’d become a lawyer, and the rest would be, more or less, smooth sailing. … Read More
Getting Started: Migrating to a New Practice Management Software
Want to learn even more? Download our migration guide to get everything you need to know about making the switch. Getting ready to migrate to a new practice management software? Exciting! It’s a big deal to make the shift to a more efficient, powerful, and effective platform. It’s also a big task. Take the time to plan out the steps … Read More
Advanced Practice Management Strategies for Increased Productivity
Productivity. It’s what we all want. But what does it mean in a modern law firm to contemporary lawyers? It seems like every couple of years, a new perspective on productivity rolls around: how to achieve it, how to manage it, how to let go of it. For lawyers especially, it’s highly desirable. Productivity means clients signed, billable hours racked … Read More
Five Steps to a More Productive Law Office
Ever ask yourself how you could possibly fit anything else into your day? We’ve all been there. The good news is that to be more productive and get more done, you don’t actually need more hours in the day. You just need to be more productive. We’ve broken down how you can turn your law office into a productive, efficient … Read More
Recession-proofing Your Legal Practice
This has been a year of changes and unexpected turns, resulting in a financial crisis for a huge percentage of businesses in America. The restaurant and hospitality industry are both operating at an all-time low, where others, like the construction and real estate market, are thriving. As a lawyer, you’re at an advantage. Even in the midst of shut-downs and … Read More
Feature Spotlight: View Invoice Notification
Client invoices play a critical role in a law firm’s cashflow. The longer it takes to deliver an invoice to a client, the longer it takes to get paid – it’s that simple. To ensure fast and easy invoice delivery, many firms rely on our electronic options such as email or sharing via the client portal. These delivery options also … Read More
Strategic Compliance Planning: Mapping Out Compliance Goals with CosmoLex
Ensuring that your firm is compliant with regulatory standards may not be your favorite responsibility as a lawyer, but the importance of strategic compliance planning for law firms cannot be overstated, especially when it comes to avoiding missteps and their consequences. For law firms, one of the most important areas to have a compliance plan for is trust accounting. A … Read More
Productivity Metrics Your Firm Should Be Tracking
A universal truth: the to-do list at any law firm is always a thousand miles long. If your doors have been open for a year or more, it’s like it’s two thousand miles long. But how efficiently you and your team are getting through that list? That’s the difference between a successful firm and one that does alright. You want … Read More