CosmoLex becomes first cloud-based practice management system with built-in accounting to be approved by Law Society of Alberta.
MONMOUTH JUNCTION, NJ – March 27, 2018 – CosmoLex, a leading legal software developer, announced today that they have met all the requirements to become approved for use by the Law Society of Alberta’s Responsible Lawyer Program.
The Law Society of Alberta’s formal approval allows active members of the Law Society that are in good standing to use CosmoLex’s extensive suite of tools and features, as well as generate their required, annual “Trust Safety Accounting Upload” directly from CosmoLex. The upload can then be submitted directly to the Law Society of Alberta.
“We’re extremely proud of obtaining this formal approval from the Law Society of Alberta,” says company CEO Rick Kabra. “Alberta lawyers now can take full advantage of modern cloud benefits without jeopardizing their accounting compliance as CosmoLex has built-in trust and general bookkeeping functions.”
The Law Society of Alberta’s approval highlights CosmoLex’s ability to manage law firms’ trust accounting, but lawyers in Alberta will also be able to enjoy a wide range of functionality that allows them to manage their entire practice in a single, legal-specific application. In addition to standard features like time tracking, one-click billing, team calendaring and secure client communication portals, CosmoLex gives special attention to the requirements of legal work and accounting. The CosmoLex practice management system allows firms to operate wherever and whenever they work as it is delivered via the cloud.
To help lawyers in Alberta gets started, CosmoLex is offering no-charge, in-person sessions in Calgary on benefits of cloud computing, trust and general bookkeeping/accounting principles, and in-depth CosmoLex software training.
“The vast majority of Canadian law firms are still using legacy desktop programs because, in the past, that was the only way they could enjoy fully integrated billing, general accounting, and trust accounting solutions in a single program,” says Kabra. “We’re seeing more firms throughout Canada adopt our cloud solution because it builds on the functionality of their legacy solutions while eliminating hardware and software issues and providing anytime, anywhere access.”