Lawyers carry a lot of responsibility, which can make it feel like there’s no good time to take a break from work. But just as you don’t want your doctor to be frazzled and overextended, your clients don’t want their legal representation to keep piling on the stress, either. Vacations provide much-needed recharge time. The key to making them actually … Read More
CosmoLex Embraces State-of-the-Art Security Standards with SOC 2 Attestation
We’re proud to announce that CosmoLex has completed SOC 2 Type 1 attestation! These heightened security standards will better serve our clients and the people they work with—and we are excited to share more about the process and what it means for you. What is SOC 2? Service Organization Control (SOC) 2 is an auditing process that helps cloud companies … Read More
Modern Tips for Running a Successful Law Practice
For many lawyers, the sometimes vexing side of running a law office is not the legal work for clients—it’s running a business. And as the past couple of years have seen a sharp swerve toward more remote working, modern tools and tech have become even more essential for success. Below, as part of a special project in collaboration with Nish … Read More
How to Set Your Law Firm’s Contingency Fee
Whether you’re founding a new law firm or expanding a current one, at some point or another, you may need to charge a contingency fee. State regulations govern certain aspects of contingency fees. However, there’s still a fair amount of fine-tuning involved in figuring out how much your firm should charge based on your geographic location, practice area, and other … Read More
Client Communication Tips for Lawyers
Good communication is so valuable, yet it’s sometimes easy to miss just how much it matters. But whether it’s with your family or your staff, clear communication helps keep relationships strong—and the same holds true for your clients. Below, we break down a few tips for stronger client communications. Reply within a day We all understand that prompt replies are … Read More
Taking on a Legal Partner or Acquiring Another Firm: What You Need to Know
(Note: This post references common business practices and structures in the United States. Practices and business law may vary in your jurisdiction.) When you’re at the helm of a small law firm, you may at some point be faced with the question of whether or not you should take on a partner or acquire another firm. Doing so may come … Read More
Building Accountability in Your Legal Team
The practice of law takes a significant amount of time, dedication, and energy. Law firms contain many moving parts, and they all need to work together seamlessly to get the job done. Accountability is the glue that holds all of these moving parts together. If this value doesn’t exist within a legal team, things have the potential to fall apart … Read More
Underbilling Legal Clients: How It Happens, Why It’s Bad, and How to Stop
For many lawyers, keeping track of time spent on clients is a major pain. Accurately tracking your hours takes time, even if it’s just a few extra minutes a day—not to mention that you might balk at the thought of using time-tracking software and prefer to estimate hours off the top of your head. However, when you do this, you’re … Read More
Back to Basics: (Part 2) Improving Your Law Firm’s Financials
This post is part two of a two-part series that focuses on getting Back to Basics in your law practice. Please read part 1 here, Fine-tuning Your Legal Practice Management. Like most businesses, the factors that contribute to a law firm’s financials run the gamut from the relatively straightforward—are you getting reimbursed for hard costs?—to the complex—what’s your five-year plan? … Read More
Back to Basics: (Part 1) Fine-Tuning Your Legal Practice Management
This post is part one of a two-part series that focuses on getting Back to Basics in your law practice. Please read part 2 here, Improving Your Law Firm’s Financials. We all want to implement quality practice management, and most lawyers know what that should look like for their firm on a strategic level. But if we dial it back … Read More