We live in a day and age where data is king. Businesses don’t go a week without utilizing business intelligence to make better decisions for their business. In the legal profession some may think big data and analytics aren’t nearly as prevalent as they are across other industries. But if your law firm isn’t utilizing […]

So many law firms are looking to move their practice management to the cloud. The largest concern that comes up when doing this is security. Ensure your firm secures clients’ sensitive data when looking to increase the agility in which it operates. All firms should employ solutions that feature bank-grade encryption, database schema that are […]

At CosmoLex we provide a fully integrated practice management system. You can start a free trial of CosmoLex today and manage calendaring, business accounting, legal time and billing, trust accounting, and documents all in a single system with a single login. With such a robust offering you would think we may tell you, you could […]

It’s not uncommon to find law firms using general business accounting program for their legal accounting needs. It is important for law firms to understand legal-specific accounting needs and limitations of these programs. To learn what makes legal-specific accounting in CosmoLex different from generic accounting software click here! [ninja_form id=31]

Most of our blog posts are directed towards attorneys who either manage their own firms or are looking to manage their own practice. In this post I’d like to speak to the accountants that serve law firms. Too often accountants take on a legal client and don’t realize that they simply cannot treat them like […]

Appointments are the heart of any law office. Client meetings, court hearings, consultations. It is how you manage your cases, and earn new business. You need to be able to track the appointments and events in a way that best suits your practice. Which is why we have introduced the idea of a Team Calendar. […]

Law firms are always looking for new ways to drive efficiency through technology. No modern business can afford to ignore advancements in technology and the benefits it can provide. Unfortunately different industries face different regulations, and the legal industry may be one of the most heavily scrutinized. So adopting new technology can be viewed as […]

Congratulations, you’ve made the move! You’re no longer just an attorney, you’ve made the exciting decision to hang out a shingle and start your own firm. All too often great attorneys make this move and they fail. Very rarely do they fail because of their ability to practice law, but instead they simply don’t have […]

Not every matter cost is a cost from IRS perspective. Know the difference. Cost booked as advanced client costs (ACC) is really a loan to your client and can’t be deducted when incurred. Cost booked as reimbursable client costs (RCC) is different and can be deducted. How you book is yours and your accountant’s decision […]

On a daily basis you are more than likely dealing with multiple clients and multiple cases. Each client has specific needs that as an attorney you need to satisfy. When you started your day in the morning, billing clients and managing the funds they have available to you was probably somewhere high on your to […]