CosmoLex customers span across many areas of practice, so we want you to be able to customize certain areas to your needs. In the Setup Section, we have an area called List Items where you can customize the drop-down lists available throughout the program. Don’t practice criminal law? Remove it from your matter list. Have a specific filing expense? Add … Read More
Legal Accounting & Credit Cards: How To Make It Work
Most small businesses use credit cards. Using a credit card for your business is far easier than cutting a check every time your business needs to make a purchase. For law firms, credit cards can be used for a number of things; phone bills, meals, client entertainment, travel, and even parking. Credit cards become an even more attractive option when … Read More
Tech Tip #16 – How To Not Bleed Profits From Missed Matter Expenses
For most legal matters, expenses must first be paid out of pocket, with the intent of being reimbursed by the client. So there are two things to keep track of here… the amount you paid, and the charge to the client. Both of which are extremely important because let’s face it, if you don’t charge your client, you will not … Read More
Tech Tip #15 – Why is Having a Dashboard So Important to Your Business?
“What is a dashboard?” Well, just like a car’s dashboard, it is a place which displays all of the most vital information in a very easy to understand manner. Knowing how much gas is in your car is just as important as knowing how many of your invoices have been paid this month or how many are overdue! Everything from … Read More
The Benefits of Law Practice Management in the Cloud
If you run your own law firm, chances are that you have used practice management software. Chances are you are probably using some instance of practice management software right now. In recent years a major shift has occurred in the law practice management software world. Providers are moving their practice management solutions to the cloud, and for good reason There … Read More
Tech Tip #14 – Are IOLTA Account & Billing Activities Disconnected?
One of the most valuable features of CosmoLex is the ability to handle your Billing and Trust activities side by side. Why is that important? It all boils down to when Trust funds cross over into your Operating bank, which is at the time of invoice payment. At this time, you need to keep several things in order… Verify retainer … Read More
Tech Tip #13 – Adding Notes to a Matter
One of the most asked about features is linking notes to a matter, which is essential for properly collaborating with your team. Having the ability to tack on free flowing notes ties all the loose ends together, and ensures all users are on the same page when working on the same matter. No more Post-it Notes! Watch the video now! … Read More
CosmoLex Announces Version 3.3 Featuring Bank Imports & Automated Reconciliation
Latest CosmoLex software release features new bank and credit card import functionality to automate the monthly reconciliation process. NORTH BRUNSWICK, NJ- November 24th, 2015 – CosmoLex, a leading cloud-based, law practice management software provider, has announced the release of version 3.3 of their industry-leading practice management software. The release is highlighted by new functionality that will allow users to import … Read More
Tech Tip #12 – What Are Shorthands, and How Can They Help?
Looking for a way to save time while typing up those time and expense cards? How about using shorthands? Shorthand is a way of using short codes to populate longer descriptions. In addition to being a great time saver, it promotes consistency when typing activity descriptions. In CosmoLex, you have the freedom of using predefined codes as well as creating … Read More
Recover Client Costs & Reduce Leakage
I hope you enjoy your job as a lawyer, and I hope your firm enjoys helping clients, but everyone goes to work every day for one reason, and that’s to make money. All too often law firms do not generate as much revenue as they should, and it’s only because they’re losing it! This is called leakage. It means that … Read More