When is it time for my law firm to hire another lawyer?

CosmoLex Team

Your firm is growing and that’s a good thing, but hiring new lawyers to help with workload can be an expensive and time-consuming task. When is it the right time to add a new lawyer to your staff? When you turn down new work Being in demand is exciting and gratifying. But when you’re in so much demand that you … Read More

What tasks can an attorney delegate to someone else in the law firm?

CosmoLex Team

Delegation can be a challenge when you care deeply about your work. Turning over responsibility for a part of your job requires thinking strategically about the best projects to redirect and trust in your colleagues to deliver quality work. Not all tasks are suitable for delegation, though. Here are some of the best contenders. Projects that are smaller in scope … Read More

How much should our law firm bill for paralegal work?

CosmoLex Team

As part of a court ruling in Missouri v. Jenkins, the Supreme Court held that legal fees can include paralegal charges at a rate that relates to the market rather than what they’re actually being paid by the attorney[1]. To figure out what rate your law firm should be charging, it’s important to consider what the going market rate for … Read More

How can our law firm limit the potential for COVID-19 related lawsuits and claims?

CosmoLex Team

As states begin to ease restrictions and law firms are returning to offices, many are concerned about the safety and welfare of the staff. At the same time, firms also want to be aware of the potential lawsuits that could stem from a COVID-19 diagnosis of one of their employees. In order to limit liability for COVID-19 related lawsuits and … Read More

What will law firm operations look like post COVID?

CosmoLex Team

Speculating on what the “new normal” will look like has become a national pastime over the last several months. While this year has taught us all to be cautious with expectations, there are some takeaways from the pandemic that we’re more certain of than others. Remote working works If the American workforce has been resistant to remote work, then the … Read More

How can law firms remotely manage caseloads and deadlines?

CosmoLex Team

Your team can’t always be in the same place working together, but cases still need to be managed properly in order to keep them moving forward and create satisfied clients. If your staff is working remotely, it’s important to have a plan in place to manage caseloads and upcoming deadlines. Set clear expectations & targets The massive shift to remote … Read More

What budget items can my firm reduce?

CosmoLex Team

While open to change, budgets are an excellent way to anticipate costs and reduce the risk of overspending. However, there may come a time when it’s necessary to cut down on the budget, whether due to reduced income or to meet the goal of becoming more profitable. Wages and benefits You need employees and they need benefits. However, this is … Read More

What type of vendor management policy should our law firm be following?

CosmoLex Team

A strong vendor management policy is the foundation for more than your vendor management practice and vendor risk management software. It also provides important security for your client and workplace information and helps your law firm stay in compliance with data security regulations and the need to protect client information. Law firms vary in their scope and needs, so there … Read More

How can lawyers remotely handle remote client interaction?

CosmoLex Team

Client satisfaction is a top priority, no matter where you’re working from. For law firms who want to keep their clients happy, even if they can’t see them face to face, it’s helpful to have policies in place for every point of contact. Intake and consultations If you want to keep your law firm going, you’ll need to bring on … Read More

What data security best practices should law firms take when working remotely?

CosmoLex Team

With law firms being forced to work remotely, there may have not been considerable time to plan effective data security during the transition. Now that many are becoming used to working remotely, law firms should be paying close attention to keeping their data safe, which can be a challenge when everyone is operating on a different network. When in the … Read More