Appointments are the heart of any law office. Client meetings, court hearings, consultations. It is how you manage your cases, and earn new business. You need to be able to track the appointments and events in a way that best suits your practice. Which is why we have introduced the idea of a Team Calendar. Many firms like to have … Read More
You Don’t Have To Sacrifice Security To Manage Your Firm In the Cloud
Law firms are always looking for new ways to drive efficiency through technology. No modern business can afford to ignore advancements in technology and the benefits it can provide. Unfortunately different industries face different regulations, and the legal industry may be one of the most heavily scrutinized. So adopting new technology can be viewed as somewhat risky. It’s understandable for … Read More
3 Things Your New Law Firm Must Have
Congratulations, you’ve made the move! You’re no longer just an attorney, you’ve made the exciting decision to hang out a shingle and start your own firm. All too often great attorneys make this move and they fail. Very rarely do they fail because of their ability to practice law, but instead they simply don’t have the infrastructure in place to … Read More
Tech Tip #29 – Know Your Legal Accounting – Advanced Client Costs vs. Reimbursable Client Costs
Not every matter cost is a cost from IRS perspective. Know the difference. Cost booked as advanced client costs (ACC) is really a loan to your client and can’t be deducted when incurred. Cost booked as reimbursable client costs (RCC) is different and can be deducted. How you book is yours and your accountant’s decision but ensure your tool can … Read More
Show Me The Money – Easy Ways To Secure Funds From Your Firm’s Clients
On a daily basis you are more than likely dealing with multiple clients and multiple cases. Each client has specific needs that as an attorney you need to satisfy. When you started your day in the morning, billing clients and managing the funds they have available to you was probably somewhere high on your to do list, but somewhere along … Read More
Tech Tip #28 – How To Make Monthly Reconciling Quicker and More Accurate
While reconciling your bank accounts monthly is important, for trust accounting, it is an absolute requirement. This is the one way to catch entry mistakes, as well as bank mistakes and ensure they are resolved as soon as possible. Since this is a “necessary evil” we aim to make this process as painless as possible. Our latest import feature allows … Read More
Is Your Firm Taking Advantage of Legal Technology?
If you ask people to reel off a list of some of the most educated professions, the legal profession will undoubtedly get a mention. Educated professionals across different industries have always utilized technology to increase their business’s ability to operate efficiently. Getting attorneys to adopt new technologies to improve the operations of their firm hasn’t always been as easy as … Read More
Tech Tip #27 – Improve Expense Tracking by Importing your Monthly Credit Card Statements
Let’s face it, many of us use credit cards for business and client expenses, but very few of us keep a daily record of those items. Even if you do, quite often things are missed. With our latest Import Transaction feature, once your monthly cycle is complete, you can import your credit card statement and simply see what is matched, … Read More
New Year’s Resolutions For Law Firms in 2016
Every year businesses look at the new year as a time to set goals that will hopefully bring their business to new heights in the coming year. Law firms are no different. Quite often when lawyers reflect upon the previous year, they are thrilled with how they actually practiced law, but the management of their firm can be a challenge … Read More
Tech Tip #26 – How does CosmoLex’s Online Invoice Payment Option Differ from Others?
Online invoice payment is not only convenient for your clients but with the integration of LawPay within CosmoLex, receiving payment becomes a completely automatic and seamless process. With many programs, online payments simply mean receiving the payment online, but you still need to make the entry within your billing system. In the case of CosmoLex & LawPay, when a client clicks on … Read More