When lawyers think of all the daily tasks on their to-do list, invoicing accounts may not immediately come to mind. But without efficient legal billing and payment processes, busy lawyers and law firms will end up struggling to get paid for the hard work they do each day. Whether you’re scaling your business or looking to upgrade your current billing … Read More
How Lawyers Can Plan for Success in 2023
After a few years of extraordinarily high demand for legal services, demand is beginning to wane, according to Reuters. If you’re like most law firms, though, you want your client base—and your revenue—to increase year by year. How do you ensure your firm stays profitable when the market isn’t in your favor? The answer: proactive strategic planning. Proactive planning can … Read More
QuickBooks vs. CosmoLex: Which One’s Better?
With over 82,000 businesses using QuickBooks to do their accounting, it’s safe to say QuickBooks is a popular product. You may already use it at your law firm. But “popular” does not always mean something is the right fit. In fact, popular generic software can pose a problem for law firms because they create compliance concerns, among other issues. Legal … Read More
Make More Money with Your Legal Tech: How CosmoLex Can Improve Your Legal Billing
Your billing and accounting software shouldn’t feel like just another item to budget for. Instead, it should be a tool to help you actively make more money—through better billing processes and time saved. Below, we break down steps for law firms seeking to improve their billing processes. Improve timekeeping If you don’t track billable time, you don’t get paid for … Read More