Time And Billing Software For Lawyers Of All Billing Models

One problem with using generic billing software is that it may not support the way you do business. Rather than trying to improvise a solution, use dedicated attorney time and billing software like CosmoLex that can handle all your billing needs. Hourly Rates – The billable hour is the classic legal billing system. All anyone has to do is pick … Read More

Legal Billing And Accounting Software Tips: Setting Up Your Timekeepers

Timekeepers are the core of the CosmoLex billing system. Anyone in your office who could incur a fee or expense — attorneys, paralegals, researchers, bookkeepers, etc. — should be entered here so all charges associated with a matter can easily be entered into the time and billing software. Entering New Timekeepers Click the Setup button along the top of the … Read More

The Three Types of Legal Billing Software

Trust Accounting

Technology has fundamentally changed many aspects of our personal and professional lives, including the management of law practices. Attorneys need specialized legal billing and accounting software to accommodate the unique needs of law practice but they need to be aware of the three types of products out there. Single-Computer Software The earliest attorney time and billing software packages were much … Read More

The Dark Side Of Attorney Time And Billing Software: Knowing When To Unplug

Technology makes us more productive. Even since the invention of the wheel and the lever our civilization has been using technology to get more work out of people. Unfortunately technology can be a two-edged sword and it’s important to ensure that the flexibility of cloud-based time and billing software and other tools doesn’t burn people out. Law Firms In The … Read More

Are Law Firms Letting Technology Pass Them By?

Computer technology simplifies the modern law practice, letting attorneys focus on the law rather than on mundane administrative details. At least that’s the case when law firms actually use the technology available. Unfortunately despite the wide availability of reliable attorney time and billing software, many practices are still stuck in the Stone Age, and it’s hurting profits. Solo Firms: I … Read More

Is Your Trust Accounting System Obsolete?

Trust management can be a headache but it doesn’t have to be. The system you use will dictate how difficult your escrow administration activities are. Outdated manual methods or generic software are only going to create problems. You are better of using legal billing and accounting software that includes trust management functions — software like CosmoLex. Manual Methods Yes it’s … Read More

Can Your Billing Software Handle Your Fee Structure?

Some law firms take only a narrow range of cases but other practices prefer the financial stability of diversification. Different cases are suited to different fee structures and it is important for law firms to choose attorney time and billing software able to handle all of the practice’s billing needs. Here are the billing models used by most lawyers. Hourly … Read More

Keeping An Eye On Your Practice’s Finances

You are an attorney not an accountant, and yet if you don’t pay attention to where the money goes then your state’s bar association may not let you be an attorney for long. Today’s law practices use attorney time and billing software to maintain a 360-degree view of the firm’s finances, maximize profits and minimize liability. Finances At A Glance … Read More

Is Cloud Attorney Practice Management Software Safe?

Probably the single most common concern new CosmoLex customers have is security. After all, the internet is a public network. How secure is it to store sensitive attorney time and billing software records out in the cloud? As it turns out, your information is almost certainly safer with us than it is in your own office. Bank-Grade Encryption – One … Read More