Accounts Payable: What Law Firms Need to Know

CosmoLex Team

In the legal industry, a firm’s accounts payable is more than just the bills your office owes.  Part of being an attorney is acting as the fiduciary for clients. For an attorney, this means that they may have responsibility for certain client debts. If anything is to go wrong, or these financials are not properly managed, it is the firm … Read More

Understanding Productivity & Compensation Models for Law Firms

CosmoLex Team

Managing a law firm means running a business. It doesn’t mean that a law firm can be managed the same way as any other business. The ways a law firm can track productivity and build compensation models differ from that of traditional businesses. The Complexities of Managing a Law Firm Before understanding how law firms can effectively measure productivity and … Read More