What are best practices for choosing a law firm vendor?

CosmoLex Team

The right vendors can be a powerful support network for your firm – and the wrong ones can lead to seemingly never-ending problems, including IT headaches, unhappy clients and frustrating workdays. When choosing a vendor, keep in mind the following to wind up with a decision that has a positive impact on your firm. Figure out what problems you need … Read More

How can I train my law firm staff on new software while keeping my office running?

CosmoLex Team

If your firm is going to be switching from one software to another one, the issue of downtime or loss of output often comes up. While there’s always a learning curve associated with anything new, that doesn’t mean your firm necessarily needs to take a loss because of it. Introducing new software often brings a lot of excitement to a … Read More

What tax deductions can my law firm claim?

CosmoLex Team

To reduce their tax liability, law firms should seek deductions where possible. Business tax is determined based on the profits of a company, with the actual tax rate determined by the entity type. While there are additional considerations for lawyers as to what can be deducted depending on their entity structure (sole proprietorship, partnership, limited liability company or s-corporation), law … Read More

Can my law firm pass on charges for payment fees to my client?

CosmoLex Team

Accepting credit cards is a benefit to both your clients and your cash flow, providing an easy way to quickly take payment for invoices without requiring available funds or a mailed check. However, accepting credit cards comes with a service charge, usually ranging from 2-5%. For lawyers who are trying to maximize their profits, the question arises of whether or … Read More

The Lawyer’s Guide to Creating a Paperless Law Office

CosmoLex Team

For legal professionals, the concept of a paperless office has gone from a far-fetched dream to a reality, with modern technology allowing more firms than ever before to make the shift. New advances in digital scanning, omnipresent fast internet, and cloud technologies have made it possible for law firms to get rid of the stacks of paper and oversized file … Read More