CosmoLex Cloud Software Adds Legal Practice Management Functions

New Features Include Team Calendar, Task Management, Docket Control And Client Import   NORTH BRUNSWICK, NJ – September 17, 2014 – Today, CosmoLex released version 2.0 of their cloud-based software. This update fleshes out the application into a comprehensive practice management solution.   The new features leverage the client and matter information already in use by CosmoLex’s billing functions to give … Read More

Should Employees Access CosmoLex From Personal Devices?

BYOD (Bring Your Own Device) is fairly common in companies nowadays. If a telecommuting employee already has a smartphone and laptop, why should the company buy more equipment? One of the many advantages of cloud-based billing software for lawyers like CosmoLex is that it can be access anywhere from any device, but your practice should have some rules in place … Read More

Do You Know The Difference Between Operating And Trust Accounts?

Trust Accounting

Almost all law offices, even solo practices, should have two bank accounts: an operating account and a trust account, also known as an IOLTA account. Roughly speaking the difference is that operating funds are your money; trust funds are not. Trust funds are monies you are holding for someone else. Managing both types of accounts is complicated without a billing … Read More

Technology, Ethics And The Modern Lawyer

In the comment to Rule 1.1 of the ABA Model Rules of Professional Conduct, it states that attorneys must maintain competence “including the benefits and risks associated with relevant technology”. This was an important point in the “The Low Tech Lawyer’s Guide to Ethical Competence in a Digital Age” presentation at this year’s ABA Annual Meeting. Just how technically proficient … Read More

Six Degrees Of Separation: How Conflict Checking Protects Your Law Firm From Ethics Violations

Conflict of interest is a serious accusation for any attorney. Previous relationships with clients, witnesses or anyone else involved in a case can bias judgment against you. Even associations between parties can influence the outcome of a case. Most legal office management software comes with some kind of conflict checking but nobody provides better protection than CosmoLex. Basic Conflict Checking … Read More

Personalize Your CosmoLex Experience With Individual User Settings

One of the features introduced in CosmoLex version 1.6 is the User Settings panel. This allows each user on your team to customize the legal billing system to optimize the working environment. After logging in to CosmoLex, click on Setup at the top of the screen. You’ll see a row of tabs for the different categories. The two of interest … Read More

Enhance Security With New User Management Controls

The most exciting feature of CosmoLex version 1.6 is the new user permission feature. With these finely-grained permissions you can set strict limits on user capabilities to protect sensitive client information without interfering with anyone’s ability to work with the law firm management software. You can find the permission settings under the User Management tab. Roles The first thing you … Read More

Managing a Legal Practice isn’t Just About Practicing Law

If you manage a legal practice, you know that your time is split between running a business and practicing law. As much you want to be working with clients, you find your time being consumed by operational tasks, especially billing & collection. Managing invoices, retainers and reconciliations are not only a time-sucker, but if you mismanage them you can suffer … Read More

CosmoLex Cloud-Based Law Office Software Adds Conflict Checking

Comprehensive Cross-Referencing Protects Attorneys Against Ethics Complaints   NORTH BRUNSWICK, NJ – August 6, 2014 – Today, CosmoLex released version 1.7 of its cloud-based legal billing system and trust account software. The latest update adds a comprehensive contact analysis feature that notifies attorneys of potential conflicts of interest on new cases.   Bar association rules require that an attorney takes action … Read More

The Basics Of Matter-Based Billing

The legal industry is one of the few areas that bills by matter rather than by client. An auto mechanic doesn’t separate a customer’s account into billing for an oil change and billing for a brake alignment, and yet attorneys have to do exactly that. Setting up matter-based billing is hard with general billing software, but is a breeze when … Read More