Technology provides a big boost to the productivity and profits of any business including law firms. However the wrong technology not only provides less of a boost but can actually become a burden. If your time and billing software isn’t up to the task then it’s time to update to CosmoLex.
Some practices, especially solo practices, try to make do with free software. Microsoft Office is often included on new computers so you might be tempted to track your accounts with Excel and print invoices with Word.
Unfortunately all you end up doing is spending a huge amount of your time fighting with this convoluted and inefficient system. Maybe you can run an Excel macro to pull out a report that shows how much a particular client owes but you don’t have the kind of instant access to your practice’s financial status that you need.
But wait, you say, you are using law firm billing software. It can handle matter-based billing and retainer management and all the other aspects of a law practice’s finance. It’s specialized software tailored to the unique needs of the law industry and was a top seller in its day.
And that’s the problem. It was a great product…twenty years ago. Technology changes and if your software doesn’t change with it then you aren’t really getting the benefits you can. This old software isn’t cloud based so you are chained to your desk and can’t access your data from anywhere else. Support was discontinued long ago so it’s no longer being updated with features. The security protocols were designed before the kind of digital threats we have today so you are vulnerable to a host of problems ranging from corruption to theft.
Just because a system works doesn’t mean it’s the right way to do things. Just because a piece of technology used to be great doesn’t mean it’s great anymore. You can’t afford to get left behind by technology. Not only do you become increasingly non-competitive against law firms who are using the latest technology, but bar associations actually require lawyers to stay abreast of relevant technology.
CosmoLex legal software is the right solution for your practice. It’s a specialized tool designed specifically for attorneys. It uses the latest technology to provide efficiency, flexibility and security to your practice. Sign up now and try CosmoLex free and you’ll be amazed how much easier your practice’s billing will become.