How often should law firms invoice their clients?

CosmoLex Team

Should you invoice clients immediately after providing a service? Or should you wait and send out invoices on a monthly schedule? It can feel like a toss-up, especially since getting paid is important, and you’d like to have that happen as soon as possible. But take a step back and look at the big picture. A regular schedule helps clients … Read More

What’s the fastest way to bill our law firm clients?

CosmoLex Team

Organized billing – a necessity for timely payments – requires being on top of a number of administrative tasks, which recur, month after month. It absorbs valuable hours, and law firms are always looking to cut down on the time it takes. Track time as it occurs You can’t bill what you haven’t tracked. Make sure you’re contemporaneously tracking tasks, … Read More

What credit card merchant is best for law firms?

CosmoLex Team

Credit card payments promise ease and convenience for the consumer. That’s why people are making more payments than ever before, including recurring monthly payments like bills, with their credit cards.[1] Many lawyers know that offering online payment options to their clients makes bill payments faster and easier, resulting in more bills paid – and paid on time. Yet there’s no … Read More

How can our law firm avoid a billing dispute?

CosmoLex Team

Billing disputes are stressful for everyone. They’re time-consuming, stressful, and can hurt your reputation. However, there are a number of ways you can avoid disputes over billing and collection in your law firm. By implementing these best practices, you may be able to head off conflict before it begins. Focus on transparency Be clear and honest with your clients about … Read More

How can our law firm start accepting credit cards?

CosmoLex Team

Accepting credit cards helps cash flow, provides a convenient way for clients to pay, and gets rid of the time spent processing checks and applying payments. To start accepting credit cards, your firm should take the following steps. First, you need to decide on a credit card merchant. Be sure to keep in mind that accepting credit cards for law … Read More