Time tracking for client’s legal matters can become tedious and oddly enough, time-consuming. Unfortunately, if your firm doesn’t accurately track time, you can’t accurately bill your clients or measure productivity. If you don’t accurately track time, your firm will lose money one way or another. Learn how CosmoLex’s integration with Chrometa is making time tracking easier for attorneys everywhere. Ready … Read More
Tech Tip #78 – Manage Your Legal Practice Activities
Many legal practice activities come together every day to keep your firm running. A lot goes into managing a law firm. Those in charge need to be quick to identify problems and opportunities. Utilizing practice management dashboards allows you to see a full snapshot of the most important aspects of your firm’s operations. With a good dashboard, you can save time … Read More
Tracking Legal Income & Other Business Income In One System
For a law firm, tracking their income is much different than it is for any other business. The first thing they have to do is ensure that they allocate all of the funds that are paid to the firm appropriately. Differentiating Between Legal & Other Business Income Once that is done it is important to understand how to properly categorize … Read More
Tech Tip #77 – How To Track Legal Time Effectively
There are a number of methods law firms can use to track legal time and not all of them are effective. Are you doing all you can to accurately and effectively track your firm’s time, or are you using a flawed, outdated system? Time tracking in the cloud allows your firm to accurately track time spent on a matter as … Read More
Tech Tip #76 – Don’t Rush When Disbursing Funds
When disbursing funds, don’t rush! Once a settlement has been reached your clients may be quick to come calling for a check. But it’s important that your firm take the appropriate time to make sure that funds are available to clear the check. Go ahead and write your trust checks, but before they’re delivered take a moment to add them … Read More
CosmoLex Announces New Technology Partnership With Chrometa
Chrometa integration increases the ease in which attorneys track time while working on their computer or smartphone. NORTH BRUNSWICK, NJ – October 6, 2016 – CosmoLex, a leading cloud-based, law practice management software provider, has announced an integration with Chrometa, an industry leader in legal passive timekeeping.Chrometa becomes the latest of a series of technology integration partners to join a legal … Read More
What Method Does Your Firm Use To Track Time?
Sometimes one of the most overlooked aspects of practicing law is time tracking. While it is sometimes overlooked or taken less seriously than it probably should be, don’t be fooled – it is extremely important. You may be one of the best lawyers in the courtroom, but if you aren’t accurately tracking the time you spend on legal matters it … Read More
Tech Tip #75 – Legal-Specific Accounting Software Can Keep Your Firm In Business
Compliance is king when it comes to running a law firm. If you slip up once the right way (or maybe the wrong way), compliance issues can come to your firm without even considering how you practice law, but rather how you manage your firm’s accounting. You’re a lawyer, not an accountant, enlist legal-specific accounting software’s help to ensure that … Read More
CosmoLex Events & Presentations | October 2016
CosmoLex events and presentations for the month of October have been announced! Whether you’re a current customer, partner, or just learning about CosmoLex, we hope to see you at our events. Tues October 4, 2016 Minnesota State Bar: Technology Conference Time: 8:00m-5:00pm CT Learn More Notes: Don’t miss out on CEO Rick Kabra’s session titled, “Avoiding Common Billing & Accounting Pitfalls” … Read More
Tech Tip #74 – Keeping Evergreen Retainers Replenished
Many firms utilize retainers to make sure that legal services and fees are always paid for. This will only work if these retainers stay replenished — evergreen retainers. Manually trying to stay on top of all of your clients’ retainers can be challenging at the very least. Automated notifications that bill clients when retainers get low can ensure that your … Read More