Make More Money with Your Legal Tech: How CosmoLex Can Improve Your Legal Billing

Improve 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

5 Proven Billing Tactics to Get Paid Faster

Time to Get Paid

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

5 Key Benefits of Streamlining Your Legal Billing & Accounting

Streamlining Billing and 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

Best Practices in Timekeeping for Legal Professionals

Timekeeping may represent a minor task on your daily activities list, but it plays an outsized role in the profitability of your firm. Proper timekeeping prevents billable hours from leaking away—and it is a key part of understanding the big picture of your firm’s finances and where time is spent.  We’ve shared a few best practices below to help you … Read More

Legal Billing and Accounting: Ways Your Firm Can Fail

Lawyers have a very specialized set of skills and training. Their clients trust them with some of their most sensitive information. Accordingly, there is a higher degree of consideration placed on payment as a part of the lawyer-client relationships.   When most people think about violating ethical standards, their first thoughts turn to the more well-known issues: embezzlement, misrepresentation, undisclosed conflict … Read More

Improving Your Law Office’s Cash Flow

Money talks in more ways than one. In the COVID-19 era, your firm needs a cash flow that is consistent and easy to manage. Modern online payment options let you handle billing and accept payments from clients without the hassle.  What does it mean for your firm, though? Here are a few things to consider. The Importance of Billing & … Read More

Top 5 Billing Practices Used by Profitable Law Firms

This year might be unpredictable, but that doesn’t mean it has to be unprofitable. With modern billing, you can keep track of your bottom line just like the most profitable law firms do. From best practices to specific tactics to keeping money coming in the door, we’ll show you how to keep your numbers out of the red.  Law firm … Read More

Using Modern Tools To Increase Your Billing Productivity

We all want to get paid for the work we do. But working on the actual billing that means we can get paid? Not nearly as enjoyable.  Billing clients can be a time-consuming headache, especially when you’re not using modern tools. Tasks that could take only minutes take hours. And all that time is taking away from other things that … Read More

Harnessing Technology To Improve Your Legal Billing

Do you dread billing? Does it feel like it takes up a lot of time or like you’re always scrambling to get invoices out? If so, you’re not alone – billing isn’t what most lawyers thought of when they signed up for law school. Even if you have someone who helps with your billing, it can still seem like there … Read More

Make More Money: 10 Tips for Better Legal Billing

Right now, we’re all dealing with uncertainties and changes but one thing remains the same – a firm’s need to stay profitable.  Billing can be a sore subject for lawyers, especially ones who have had their share of clients who don’t pay. Trying to get billable hours in while staying on top of billing and running a practice can be … Read More