Working remotely has become a new normal for millions of Americans in the last week, but in general, working remotely is actually an appealing prospect to people in the workforce. According to a recent survey on LinkedIn, 82% of workers would like to work from home at least one day per week, and 57% would work from home at least … Read More
Top 4 Accounting Challenges Facing Law Firms Today
Legal accounting has always been a challenge – but there are a few that top the list for lawyers today. Accounting can be tough on a good day in any industry, but lawyers have some particularly unique factors to take into consideration. Not only is there the traditional business accounting aspect, like dealing with payroll, office purchases, profit and loss … Read More
Make More Money: 10 Tips for Better Legal Billing
Right now, we’re all dealing with uncertainties and changes but one thing remains the same – a firm’s need to stay profitable. Billing can be a sore subject for lawyers, especially ones who have had their share of clients who don’t pay. Trying to get billable hours in while staying on top of billing and running a practice can be … Read More
Creating a Budget for Your Law Firm
Budgeting. It’s the cornerstone of any effective business plan. A budget allows you to allocate resources to the right projects and people. It helps you monitor performance and meet your objectives. It helps you make decisions for next week and for next year. We can all agree on their importance – but do you have one? Building law firm budgets … Read More
Tips to Effectively Work Remotely: Keeping Your Firm Running During a Crisis
Nation-wide law firms are instituting a work from home policy. Major events are being canceled. Schools are closing. If these unprecedented times show anything, law firms all over are learning how important it is to have a plan in place to be able to effectively work remotely. To prepare your firm for remote work, think about everything you’d need to … Read More
5 Ways Using Separate Billing and Accounting Software is Wasting Your Time
The time you spend on billing and accounting can seem like a money-making investment – after all, it means you’re going to invoice your client for billable hours and hopefully recover some expense costs. But effective time usage is what allows lawyers to invest their time in activities that are profitable, rather than just those that simply need to be … Read More
Employee Spotlight: Ny Quann Gulley, Software Support Specialist
Our clients are our top priority, which is why the CosmoLex Support team is a critical part of our company. Our in-house team answers questions and offer support to our customers through several channels, including live chat, phone, and email during hours that extend beyond the workday. Ny Quann is a vital part of our Software Support team, so check … Read More
Trust Accounting: Using Tech to Increase Efficiency and Compliance
Managing your trust accounting manually isn’t only enough to make you dread doing it – it’s downright risky. Doing trust accounting the right way requires accuracy, attention to detail, and avoiding mistakes and mishandling, all of which can take a big chunk of time out of the workday. Through the use of technology, lawyers have the opportunity to make their … Read More
Process Documentation for Law Firms: Setting Yourself Up for Growth
Growth is good. Growth is exciting. Growth is…a lot of work. The new caseloads that are pouring in need to be managed somehow. You need processes and procedures in place to intake clients, bring in new staff, stay on top of administrative procedures, and track deadlines. It may seem like a lot of work, but a solid set of process … Read More
How to Convert Consultations into New Business
You’ve got people through the door and at your desk. They’re ready to hear how you can help them. It’s exciting to have the opportunity to bring in new clients, but this last step is often the hardest one – turning prospects into clients. What can you do to facilitate that final step? Turns out, there’s a lot you can … Read More