Tech Tip #269: Regularly Review Your Profit & Loss Statement

Regularly-Review-Your-P&L-Statement

Knowing your firm’s revenue doesn’t actually determine how well your firm is doing. You need to look at your profit and loss statement (P&L statement), which takes into account both your revenue and expenses. Regularly checking your firm’s profit and loss statement will allow you to be more proactive with reducing expenses and increasing revenue-generators. Below are a few action-oriented … Read More

CosmoLex Announces Integration with NetDocuments to Benefit Law Firms

MONMOUTH JUNCTION, NJ – CosmoLex®, a leading cloud-based, law practice management software provider, is excited to announce its integration with NetDocuments®, a document and email management platform built exclusively in the cloud for law firms and corporate legal departments. Available with CosmoLex’s 6.0 release, this integration gives law firms streamlined functionality and mobility, allowing them to access client emails and … Read More

Feature Spotlight: Custom Soft Cost Import

Feature-Spotlight-Custom-Soft-Cost-Import

Soft Costs refer to overhead or indirect costs which are billed to the client for reimbursement. Common examples are photocopies, printing, a postage meter, or other disbursements. Not only are these costs incurred through an outside device, but often firms use specific software to keep track of these costs as well (ex: Copitrak, Papercut). The question that’s presented here is … Read More

Harnessing the Power of Fully Integrated Practice Management

Harnessing-the-Power-of-Fully-Integrated-Practice-Management

Practice management software can significantly improve a firm’s workflows and free up more time for billable work, but having a fully integrated program offers even more benefits for law firms.   In the webinar below, we cover how an integrated practice management program that combines accounting, billing, and general practice management can help your firm. You’ll find out where you can expect … Read More

Demystifying Modern Practice Management

Demystifying-Modern-Practice-Management

Law firms use countless types of technology to help support them and their clients, but the term “modern practice management” can cause some confusion. What does that phrase even mean? In an age where firms have increasingly more varied options when it comes to practice management tools, it’s important to have a clear understanding of what the choices are and … Read More

10 Tips in 10 Minutes: Utilizing the Cloud in Your Law Practice

Utilizing-the-Cloud-in-Your-Law-Practice

Whether your firm is already using cloud applications or considering implementing them, there are some important considerations when it comes to using cloud-based systems. Mobility, modern features, and less IT headaches are all benefits of the cloud, but to implement it properly, stay secure, and maximize improvements, there’s a number of items to be aware of. With all of the … Read More

Question of the Week: What is a secure way to communicate with clients?

What-is-a-secure-way-to-communicate-with-clients

Communicating with clients is an essential part of every law practice, but figuring out how to do it in a way that complies with the ABA Model Rule requirements can prove difficult.  Technology and online usage have made it easier to stay in touch than ever before, but the traditional methods of communicating with colleagues, friends, and family aren’t always … Read More

The 5 Most Effective Ways to Grow Your Firm

law-firm-growth-5-effective-ways-to-grow

Growing your practice is a worthy goal, but if you want to make it happen you need to have a plan supported by execution and consistency. If you’re not continually assessing your law firm’s growth — current position, strategies, and opportunities — you’ll wind up stagnant. With the right tactics, you can turn your firm into a profit-generating powerhouse.  1. … Read More

Tech Tip #267: Seven Data Points to Consider When Switching Practice Management Systems

Data-Points-to-Consider-When-Switching-Practice-Management-Systems

If you’re thinking about switching law practice management systems, don’t forget to take into account the data migration process. This process can be costly and time-consuming, so you’ll want to make sure you get it right the first time. Here are seven data points that both you and the software provider should consider during the migration process: Matter information, including … Read More