How will COVID-19 change the legal industry?

CosmoLex Team

COVID-19 has impacted the entire world. Among the many industries that have changed, law firms have also adapted. Many lawyers are wondering what long-term impacts these changes will have on the industry. While there are still constant changes, there are a few notable outcomes that will likely stick around. Cloud usage & remote work While cloud-based systems and remote access … Read More

What are options for lawyers when courts aren’t open for trial?

CosmoLex Team

When courts are closed and trials are postponed or held, moving client matters forward can be a challenge. Coming up with alternative options, if your client is open to them, can be a way to still provide a resolution by avoiding formal court proceedings. Depending on the type of law you practice, there are a few options available. Alternative Dispute … Read More

What options do lawyers have aside from in-person consultations?

CosmoLex Team

When an in-person consultation or meeting isn’t an option, lawyers have other ways to connect. For new clients in particular, building a relationship is important. A phone call doesn’t always create a connection as being able to see someone’s face and look at them. For that reason, lawyers can turn to virtual consultations as an option. Video conferencing Today, technology … Read More

What type of law practice management software is best for remote work?

CosmoLex Team

For law firms looking to support remote work, the choice of practice management software can make the process a success, a challenge or a failure. Practice management software for law firms comes either as a desktop program or a cloud-based program, which can be accessed by any internet browser. For firms who are looking to work remotely, there are only … Read More

How can our law firm get paid faster?

CosmoLex Team

Law firms use their incoming payments to cover expenses, like overhead, payroll costs and software. Cash flow, the amount of payments coming in and when they arrive, is important in order to cover these expenses without needing to dip into the firm’s savings. Send out timely invoices Send an invoice as soon as work is completed. If you wait too … Read More

How can video conferencing help your law firm’s productivity?

CosmoLex Team

While there’s often no replacement for face-to-face communication, video conferencing can prove to be a valuable resource for law firms looking to build relationships while saving time and costs on travel. Time-savings The time spent commuting to meetings outside of the office with clients and colleagues can add up. When you eliminate the need to drive to get face-time with … Read More

Should my law firm layoff or furlough our employees?

CosmoLex Team

The decision to let go of an employee, either temporarily or permanently is often a difficult one for any law firm. There are a number of factors that go into the choice, but it will ultimately depend on foreseeable workflow, income and ability to fulfill case requirements. Layoff versus furlough One of the biggest differences between a layoff and a … Read More

What should law firms do when work slows down?

CosmoLex Team

A slowdown can be unsettling for any law firm. During this time, there is an opportunity to plan, persevere and come out without losing a significant amount of work or profits. If there is an economic downturn, a consistent decrease in clients or an alternate scenario which causes the influx of work to slow, law firms can take the following … Read More