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 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