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

What legal billing increment should our law firm use?

CosmoLex Team

Deciding on what minimum billing increment your firm should use can have a big impact on efficiencies. There’s no one right answer, but they each come with benefits and drawbacks[1]. When billing, lawyers will typically choose one of the following increments to track their time. If tasks take less time than a given increment, the time is rounded up. Keep … Read More

Should my law firm outsource our legal billing?

CosmoLex Team

Billing is an essential task for law firms, but doing it can take up valuable time. Studies show lawyers can spend up to an hour a day processing client payments and preparing and sending invoices[1]. To maximize billable hours, it can make sense to outsource legal billing. However, for some firms it may make sense to hire someone to handle … Read More