Getting an evergreen retainer is a common tactic used by attorneys to ensure there is money available from the client when invoices come due. However some law firms don’t manage their retainers and when the funds run out, they have to bill clients and wait for their money. Version 1.5 of the CosmoLex cloud-based legal billing system has added low … Read More
Build A Mobile Office And Work From Anywhere
Wouldn’t you love to practice law while sitting on a beach and sipping a tropical drink? Well that’s probably not going to happen. However with a mobile office you can work from home, a coffee shop, the courthouse…and yes, maybe occasionally while sitting under an umbrella watching the waves crash against the shore, as long as you can get a … Read More
Save Time On Check Printing With Default Settings
Check printing with CosmoLex is painless, but it can be even easier if you take the time to set up the system correctly. A minute spent tweaking your default settings in the law office billing program will save you time and headaches later. Click on Setup, then on the Settings tab, and finally on Default Settings on the left side … Read More
CosmoLex Version 1.5 Gives Law Firms Defense Against Audits
New Enhancements Include Tools for Handling Billing Disputes and Regulatory Compliance NORTH BRUNSWICK, N.J. – June 25, 2014 – CosmoLex, a cloud-based legal billing and trust accounting software provider, announced today the release of version 1.5 of its flagship product. The new version adds an automatic Audit Log, which provides essential information to help defend against client billing disputes … Read More
Keep An Eye On Yourself With Automatic Audit Logs
Version 1.5 of CosmoLex brings our subscribers a number of new features, but one of the most useful is the automatic audit log. This display shows a list of which law practice management software users performed which activities and when, so you can easily produce an audit report in case a mistake is made. To view the audit log, click … Read More
Don’t Let Your Critical Office Records Be Held For Ransom
You come into your office one morning and turn on the computer. Rather than the legal time and billing software display you expect, you see an ominous ticking clock next to a message that your hard drive will be locked in a matter of hours unless you wire hundreds of dollars to a suspicious address. Welcome to the world of … Read More
Boost Your Income with Value Billing
Attorneys work with three basic billing structures: hourly rates, flat fees and contingency billing. CosmoLex legal billing software for attorneys can handle all three. However there is a fourth type of billing that is common among various consultants and contractors: value billing. Value billing on the surface seems similar to a flat fee: the attorney charges a predetermined rate to … Read More
Tips For Improving Your Law Practice’s Cash Flow
There is a very good article in the May/June 2014 issue of Law Practice entitled “Improving and Managing Cash Flow”. The author, Allison C. Shields, says, “Inconsistent billing practices, long delays on accounts receivable and languishing WIP (work in process, i.e., work that has been completed but not billed) can wreak havoc on a firm’s finances.” CosmoLex law firm billing … Read More
Small Business Lessons for Solo Law Firms
It’s intimidating to run a solo or small practice against the Biglaw firm down the street. How can you possibly compete? You do so by taking advantage of the flexibility and personal service that only small firms can give, and by using tools like CosmoLex legal office management software to give you time to give that extra service. Law isn’t … Read More
How Does Your State Feel About Cloud-Based Trust Management?
Cloud technology seemed to arrive almost overnight. It went from being a curiosity to being everywhere in no time at all. That has left bar associations rushing to come up with guidance on the technology for lawyers. Is CosmoLex cloud-based trust account software acceptable to your bar association? Check Your State’s Rules The American Bar Association has gathered state-by-state cloud … Read More