How do I use automation in my law firm?

CosmoLex Team

Automation is a way of taking repetitive processes and using technology to complete them. Law firms are full of processes and in almost all of them, some form of automation can be applied. Benefits of automation for law firms include[1]: More time to handle billable tasks Ability to get paid faster Increased profits Reducing error Streamlining case management There are … Read More

How can I make sure my law firm gets paid?

CosmoLex Team

For a law firm to be profitable, it needs to be able to collect payments for work completed. Timely billing and accounting Law firms should ensure invoices are sent to clients on a regular basis, setting expectations and ensuring bills are received near when the work is completed. Descriptive line items should also be used to convey value and make … Read More

What are the most common ethics violations for lawyers?

CosmoLex Team

Ethics violations can result in sanctions and even being disbarred for lawyers, so it’s important to be aware of the most common ways lawyers wind up in trouble with their bar association. Conflicts of Interest Lawyers should run conflict checks for not just their current clients[1], but also look to check: Concurrent representation of clients with adverse interests Successive representation … Read More

As a lawyer, what can I do if my client won't pay their bills?

CosmoLex Team

Collecting past due payments can be time-consuming for lawyers. There are various routes to take when a client simply won’t pay their bills, but the recommended course of action is to try to collect outside of court if possible[1]. To start, lawyers can write a payment demand or collection letter to the client outlining the original terms of the invoice, … Read More

How can my law firm provide extra client value?

CosmoLex Team

Running a successful law firm requires satisfied clients. To offer an even more impactful and positive customer experience, consider implementing a few “value added” factors that go beyond the practice of the law. Although some ways to add value do have costs associated with them, firms don’t always need to spend funds or valuable time to give clients that little … Read More

How do I determine my law firm's profitability?

CosmoLex Team

Law firms can look at profitability, or how much the firm has earned after expenses have been taken out of total revenue, in a number of ways. The overall profitability should always be assessed, along with breakdowns by practice area, by matter and attorney. Many practice management programs that integrate with accounting software can easily show you these numbers. However, … Read More

How do I get a paperless law office?

CosmoLex Team

A paperless law office offers reduced costs, increased collaboration and higher levels of security, but to make the switch firms should execute a three-part plan. Part 1: Planning Planning the transition sets the foundation for how the change will be implemented and puts the entire firm on the same page. It also sets clear expectations about what the process will … Read More