As we move into the second quarter of 2021, take a moment to consider where your firm is at. What goals have been set, and how are you working to meet them? Which additional strategies might help bring you closer to those objectives? If you’re not employing them already, these four strategies can help your firm increase profit—and set you … Read More
Make More Money with Your Legal Tech: How CosmoLex Can Improve Your Legal Billing
Your billing and accounting software shouldn’t feel like just another item to budget for. Instead, it should be a tool to help you actively make more money—through better billing processes and time saved. Below, we break down steps for law firms seeking to improve their billing processes. Improve timekeeping If you don’t track billable time, you don’t get paid for … Read More
Highlighting Women in Legal Tech
As we wrap up Women’s History Month, we wanted to take a moment to recognize the diverse thinking and solution-oriented contributions made by women legal tech. CosmoLex recognizes that having a more representative team leads to better business decisions, and women often excel in leadership roles—including with competency, a willingness to continue learning, and a more positive relationship with managers. … Read More
These 5 Legal Practice Areas are Growing in 2021
2020 was the year no one saw coming—and its effects aren’t going to fade any time soon. After all, as we move into 2021, societal and market changes brought on by Covid-19 continue to impact everyone. But how have these shifts spurred practice area growth? Data privacy and cybersecurity As much of the working world moved online, cybersecurity attacks skyrocketed. … Read More
Trend Watch: Legal Tech in 2021
After a year of remote working, experience from 2020 will play a significant role in determining legal trends in 2021. Don’t get us wrong—we expect a celebration of in-person events when things reopen. But 2020 has altered expectations and shown us all the competitive advantage of having our tech dialed. So, what to look for in 2021? Clients embracing remote … Read More
5 Proven Billing Tactics to Get Paid Faster
Getting paid is an essential part of any business. But for law firms, the billing process can get particularly unwieldy—until it’s eating into your capacity to get paid. Many firms know that their billing process absorbs valuable, billable hours. But because it still needs to get done, they can fall into the habit of treating it as a necessary evil—the … Read More
Think Big: How to Set Your Law Firm Up to Scale
Most lawyers can rattle off several potential benefits to growing their law firms—from financial reasons to a greater sense of professional accomplishment and satisfaction. And many lawyers would rightly say that you need to grow your clientele to grow your firm. But it’s not just about taking on more clients—other elements need tending, too. Bigger than just you While it … Read More
5 Key Benefits of Streamlining Your Legal Billing & Accounting
Every lawyer wants to put as much work time as possible toward billable hours, yet determining how best to do that presents a challenge. Which non-billable tasks can be streamlined or eliminated? Popular accounting tools like QuickBooks®️ can seem like they’re saving time, but because such software is generic—and not legal-specific—it can create challenges and tangles in a firm’s workflow. … Read More
Putting Diversity Initiatives into Place at Your Law Firm
March is Women’s History Month! In addition to celebrating the women in your life, it’s also a great time to consider how your law firm can work to be more inclusive and supportive of under-represented team members. If asked, most lawyers would say they want their firms to be diverse. But how do you put those ideas into practice? Diversity … Read More
Returning to the Office? 4 Considerations for Law Firms
As the rate and number of available vaccines increases, we’re all excited for the “return” of the new normal. But what does that look like in the workplace? Here are four considerations for law firms as they return to the office. When to return The decision of when to return to the office will look different for every firm. Staff … Read More