5 Reasons Law Firms are Switching to CosmoLex
Learn why CosmoLex is the ultimate legal practice management software. Simplify billing, ensure compliance, automate workflows, and enhance client relationships—all in...
Law Firm Partnership Structure: Understanding Roles and Responsibilities
Law firm partnerships can be as complicated as the cases they handle. But, what does it mean to be a partner...
Optimizing Law Firm Operations: 5 Strategies for Modern Practices
Small to medium-sized law firms can’t survive if they don’t find ways to be agile, more productive, and deliver excellent service—all...
Law Firm Accounting and Financial Management: A Comprehensive Guide
Financial management for law firms covers a variety of activities that keep a legal practice running, from day-to-day business activities to...
Trust Accounting for Lawyers: Strengthening Client Relationships
Nearly every lawyer will be responsible for managing client funds at some point, and knowing how correctly protects client relationships and...
The Future of Accounting in Law Firms: Embracing AI & Digital Transformation
Digital transformation has a significant influence on the world of law. Legal professionals are increasingly tapping into various technologies to work...
The intuitive design and robust features of CosmoLex have been a game-changer for my firm. I recommend it to any solo practitioner looking to reclaim their time.
Jonathan Roth
Founder, Roth Advocacy
Canada
Customer Centric Messaging
Cosmolex provides a familiar and simple user interface that allows our firm to quickly and efficiently manage billing and times.
Journal Entry Fundamentals for Legal Professionals
For legal professionals, maintaining accurate financial records is not just about tracking income and expenses; it’s about ensuring that every financial...
Cash vs. Accrual Accounting: Which Is Best for Your Law Firm?
Cash and accrual basis accounting are both methods for recording law firm transactions. The most significant difference between cash and accrual...
Getting Paid for Every Single Invoice You Send is Possible
If you’re running a legal practice, managing your cash flow effectively is a necessity for survival and growth. One of the...
Revisiting Trust Accounting Basics: Mitigating 5 Risks Impacting Your Law Firm’s Bottom Line
In the complex world of legal practices, trust accounting is a critical component of the financial success of a law firm....
The Do’s and Don’ts of Handling Client Funds
Handling client funds demands a great deal of responsibility and attention to detail. To adequately manage client funds, you need a...
Top 10 Compliance Challenges For Law Firms
When it comes to trust accounting, maintaining compliance with your state’s requirements is of the utmost importance. And yes, you probably...
Simplify Year-End Accounting: 4 Tips to Optimize Your Accounts Payable
The new year can sneak up fast, so it pays to make a plan to tackle those eleventh-hour tasks now instead...
Top 5 Year-End Accounting To-Dos for Legal Teams
As the year winds down, everyone is looking forward to holiday festivities and a well-deserved break from the whirlwind of cases,...
Maximize Your Law Firm’s Cash Flow Before Dec. 31
As you probably already know, the survival of any law firm depends on a healthy and uninterrupted cash flow. After all,...
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