What Every Lawyer’s Website Bio Should Include

Lawyer biographies do a lot of heavy lifting. Before potential clients invest time and emotional energy into a conversation, they want to know it’s worth their while. One of the easiest ways to do that is by scanning the bios on a firm’s Web page.  That’s true whether clients are looking up a word-of-mouth referral, doing their own internet search, … Read More

How Small and Mid-Size Law Firms Are Using AI To Save Time

From R2D2 to H.A.L. 9000, artificial intelligence has featured prominently in popular imagination over the last fifty years.  And while your firm might not yet have a friendly little robot fetching the coffee, firms of all sizes are actually making good use of artificial intelligence already. These technologies are particularly helpful for small and mid-size firms, who can use them … Read More

Your Law Firm’s 2020 Year-End Accounting Checklist

Ready to say goodbye to 2020? If so, you’re in good company. This year has been a challenging one, and many of us are more than ready to throw out the old and ring in the new.  But that doesn’t mean that law firms should neglect key end-of-year tasks. While pandemic fatigue might make it tempting to skip out on … Read More

Using Tech to Boost Your Year-end Activities

November and December can be joyful months, but they are also known for piling on the stress: there are financial and reporting requirements to attend to, an increase in family obligations, and some appealing extracurriculars that your team might not want to miss.  If there were ever a time that your law office could use a boost in productivity and … Read More

Should You Renew Your Law Firm’s Lease? Decision-making Tips for the Pandemic

Work from home or lease commercial real estate? For lawyers, it’s a complicated choice. Here are some decision-making tips. For individuals, families, and businesses, a lot has changed in 2020. And while change can be hard, it also has its bright spots: upheaval can encourage us to reexamine our priorities, and sometimes the result is the realization that our needs … Read More

Budgeting in an Uncertain Year

2021 budget

Markets don’t like uncertainty. Most cliches are rooted in truth, and this one is no different. And although there isn’t always a correspondence between individual experience, profit margins, and market performance, uncertainty is one driver that cuts across every industry, including legal: nobody likes it. It isn’t hard to see why uncertainty is so unpopular. Having clear projections provides a … Read More

7 Essential Trust Accounting Reports

7 Essential Trust Reports

Generate these seven trust accounting reports to stay compliant, be ready for audits, and always know where you stand. Trust accounting is a critical area for law firm practice management. This is both a significant responsibility and an ethical duty, and maintaining compliance should be one of the top priorities of a law firm. It’s critical firms have an organized … Read More

The Top 5 Reasons Lawyers Are Switching from QuickBooks

While they might be a good solution for many small businesses, generic accounting platforms like Quickbooks aren’t designed to meet the specific needs of lawyers.  QuickBooks is the leading accounting software used by small businesses—and there’s a reason for that. Tools like QuickBooks, Quicken or Xero are purposely meant to be used for general businesses, which means that instead of … Read More

Does Your Law Firm Website Need Live Chat?

Live chat functions pay dividends by helping law firms generate more leads and conversions. Imagine if every single person who viewed your web page became one of your clients.  Sounds too good to be true, right? While you might not be able to reach a 100% conversion rate, there are many tools out there that can get you closer. For … Read More

Simplify Your Law Firm Accounting with CosmoLex 

When it comes to legal-specific accounting complexities, CosmoLex has you covered.  Law firm accounting is complex, and many of the requirements of legal accounting are specific to the practice of law. Managing fee allocations, trust reports, reconciliations, and retainers, for example, requires accounting methods designed specifically for legal purposes—and they are best managed by software designed specifically for law firms.  … Read More