3 Time Tracking Tips for Busy Attorneys

3 time tracking tips for busy attorneys

Are you a solo attorney or small law firm working to keep up with time tracking? Tracking your time is vital for accurate billing and profitable decision-making, but it’s the one thing nearly everyone puts off until they absolutely have to do it. It’s easy to get “in the zone” while working on something for a case and let recording … Read More

Online Payment Dos and Don’ts for Law Firms

Online Payment Dos and Don'ts

Providing online payment options opens up a world of opportunity to law firms seeking to streamline and improve their legal billing processes. But accepting credit cards can also put lawyers at risk of compliance violations—particularly if you don’t use a payment processor that has key safeguards in place. Do accept credit cards Clients are used to paying for almost everything … Read More

A Detailed Look at CosmoLexPay

A Detailed Look at CosmoLexPay

Running a law firm can sometimes mean having a longer to-do list than you have time. One of the best ways to clear some space in your schedule is by leveraging available technologies. For example, more and more firms are discovering the benefits of using a practice management system. But one area that sometimes gets overlooked—despite offering a number of … Read More

Underbilling Legal Clients: How It Happens, Why It’s Bad, and How to Stop

Underbilling Legal Clients

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

What to Do When Your Law Firm’s Client Won’t Pay

Client Non Payment

Following up on collections with clients is unpleasant and stressful for all involved. When things come to this point, there are often a series of individual decisions to be made about how to deal with a particular client and situation. But even if you choose to pursue payment, you likely won’t receive all, or even a substantial percentage, of what … Read More

How (and Why) to Avoid Write-Offs in Your Law Office

How much of your work are you writing off? The average law office writes off about 14% of their bills annually, with discounts increasing each year. If your office gives an average amount of write-offs, and you calculate your bills for a 30% profit margin, then those write-offs eliminate almost half your profits. Ouch! Why write-offs happen To reign in … Read More

How and When to Raise Your Law Firm’s Rates

Law Firm Rates

Many law firms fear raising their prices because they worry they’ll lose business. While that can happen, undercharging will cost you far more in the long term than losing a few clients. Raising your rates can be done. In fact, it has to be done—to keep up with inflation, retain talent, expand your team, and invest in technology. But it … Read More

All-in-one Platform: Integrating Your Invoicing, Payments & Accounting

Integrating Invoicing Payments Accounting

Running a law firm is no easy task; with many competing priorities needing attention, it becomes critical to maintain the utmost efficiency. That’s why it’s important to find integrated payment solutions that work within your primary business management platform and help you automate critical business functions such as accounting, invoicing, and payments. Not only are integrated solutions important from a … Read More