CosmoLex vs. Clio
CosmoLex is a leading law practice management software solution, but how does it stack up against competitors?
Clio is a popular legal software offering case management, billing and payments, document management, calendaring, accounting, security, and support. CosmoLex is a comprehensive law firm software that includes all the core features of Clio plus bank-grade security and a unique feature called Money Finder that helps firms prevent billable time leakage.
With CosmoLex, law firms can manage their practice, billing, and accounting in one place and ensure no billable activity is overlooked, making it the best alternative to Clio. Let’s explore why.
CosmoLex vs. Clio: Features
Let's explore how these two leading legal practice management solutions stack up against each other. This comparative analysis will provide a clearer understanding of each platform's capabilities, helping you make an informed decision about which software best meets the needs of your law firm. Law firms often struggle to capture every billable minute of their attorneys’ time or mistakenly bill the wrong client or matter. This can cause a significant reduction in revenue and can even take a toll on client trust. This is where CosmoLex shines; its Money Finder feature can enhance profitability with little extra work required from attorneys.
|
Features |
CosmoLex |
Clio |
|---|---|---|
|
Reporting |
✔️ |
✔️ |
|
Cloud/remote access |
✔️ |
✔️ |
|
Document management |
✔️ |
✔️ |
|
Time tracking |
✔️ |
✔️ |
|
Money Finder |
✔️ |
✖️ |
|
Payments |
✔️ |
✔️ |
|
Billing |
✔️ |
✔️ |
CosmoLex vs. Clio: Reviews
|
Source |
CosmoLex |
Clio |
|---|---|---|
|
Capterra |
4.7 of 5 |
4.7 of 5 |
CosmoLex vs. Clio: Pricing
|
Pricing |
CosmoLex |
Clio |
|---|---|---|
|
Free trial |
10 days |
7 Days |
|
Monthly plan |
$99.00 per user per month |
$49/$79/$119/$149 per user per month |
|
Annual plan |
$89.00 per user per month |
$39/$69/$99/$129 per user per month |
|
Add-on costs |
|
|
CosmoLex vs. Clio: Testimonials
CosmoLex vs. Clio: Integrations
|
Integrations |
CosmoLex |
Clio |
|
Outlook |
✔️ |
✔️ |
|
Gmail |
✔️ |
✔️ |
|
Apple Mail |
✔️ |
✖️ |
|
Dropbox |
✔️ |
✔️ |
|
Google Drive |
✔️ |
✔️ |
|
OneDrive |
✔️ |
✔️ |
|
NetDocuments |
✔️ |
✔️ |
|
Google Calendar |
✔️ |
✔️ |
|
Office 365 calendar |
✔️ |
✔️ |
|
Payments |
✔️ |
✔️ |
|
Chrometa |
✔️ |
✔️ |
|
Unity |
✔️ |
✖️ |
CosmoLex vs. Clio: Support
When you’re choosing your software, it’s important to know that you’ll be covered should anything go wrong. Below are support options provided by both companies.
|
Support |
CosmoLex |
Clio |
|---|---|---|
|
Live chat |
✔️ |
✔️ |
|
Phone support |
✔️ |
✔️ |
|
|
✔️ |
✔️ |
CosmoLex is the #1 Alternative to Clio
Frequently Asked Questions
CosmoLex is the #1 Alternative to Clio® + QuickBooks®
Clio is a cloud law practice management program popular in the US. Law firms on Clio require a separate accounting package, such as QuickBooks.
Using a separate billing and accounting system is problematic for law firms, and often leads to duplicate data entry and the error-prone, complex data sync between the programs. Additionally, maintaining bar association compliance with a general accounting program such as QuickBooks presents persistent challenges.
With our integrated legal practice management, billing, and accounting, CosmoLex Cloud is the best alternative to Clio. CosmoLex gives you everything you need, in one login, for one price, with no QuickBooks required.
Integrated Accounting - No QuickBooks Required.
CosmoLex Cloud has built-in trust and general accounting to eliminate the frustrations of using separate billing and accounting systems, such as:
- Duplicate data entry. This is a time-consuming and error-prone process for lawyers, who can’t afford to waste the resources on it.
- Poor Financial Reconciliations. Complex imports and exports that never seem to reconcile properly leave a lot of gaping holes and room for compliance violations in your books.
- Added Cost. The cost of paying for multiple software subscriptions adds up quickly. And add to that the cost of the required training to get up and running with those systems.
- Scattered Financial Data.With billing and accounting data scattered in different systems, you have no reliable way to get a comprehensive view of the productivity and profitability of staff, clients, or the firm as a whole.
Compliant Trust Accounting
CosmoLex also gives you comprehensive, compliant trust accounting that keeps you audit-ready all the time. If you use QuickBooks for trust accounting, you need to be aware of critical challenges, such as:
- QuickBooks allows client trust funds to be posted incorrectly to any
account—even to rent or payroll. - No built-in protection against overdrafts or commingling.
- Three-way reconciliation reports are not built-in. They need to be assembled manually from multiple reports, making reconciliations time-consuming and error-prone.
Compliant Client Financials
CosmoLex is designed for unique regulations pertaining to the practice of law—especially when it comes to the handling of money. Entering and tracking client-related financial transactions between Clio and QuickBooks is likely to result in struggles with actions like:
- Accurately tracking client advances
- Disbursement tracking, billing, and collections
- Paying invoices from trust funds
- Allocating payments to correct general ledger accounts
Comprehensive Financial Records
With one integrated billing, payments and accounting system, you’ll keep your finger on your firm’s financial pulse. A comprehensive set of billing, collection, payment, accounting, and staff productivity reports that are always up-to-date in real-time, allows you to always know exactly where the money is coming from and where it’s going.
Top Reasons Why You Can Trust CosmoLex