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Collection & Distribution of Fee Income

Trust Accounting

For people outside of the legal profession, the profession may seem pretty straight forward. An attorney litigates and gets paid. End of story, right? Unfortunately those of you who are involved in the legal world understand that there is much more to be concerned about. In the legal profession lawyers operate under the terms of […]

Eastern Legal Systems to Join the CosmoLex Certified Consultant Program

EASTERN LEGAL SYSTEMS IS NOW KNOWN AS CROSSPOINTE CONSULTING GROUP AS OF JAN. 1 2016 CosmoLex adds to its growing team of Consultant Partners, further strengthening resources for its cutting edge All-in-One Legal Practice Management software.   NORTH BRUNSWICK, NJ – October 13, 2015 – CosmoLex, a leading cloud-based, law practice management software provider, has […]

To Commingle or Not To Commingle- Is It Really A Question?

Trust Accounting

A common misconception when it comes to legal accounting is that every single lawyer needs to establish a trust account. While it is a sound legal accounting strategy, it isn’t always required. Some states do not require that attorneys establish a trust account, and they can even accept client fee advances into business operating accounts. […]

Credit Card Acceptance for Law Firms-Part 3: Internal Concerns

Trust Accounting

In part 1 of our blog series we discussed the two areas of concern when it comes to law firms accepting payment via credit cards. We identified those two areas as external and internal. The external concerns are largely associated with the credit card merchant a firm chooses to work with. These concerns were discussed […]

Credit Card Acceptance for Law Firms – Part 2: Credit Card Merchants

Trust Accounting

In part 1 of the blog series, “Credit Card Acceptance for Law Firms”, I highlighted the two areas of concern when it comes to law firms accepting credit cards for payment. In any other business, credit cards are a complete no brainer. For law firms this is unfortunately not the case because of the unique […]

Credit Card Acceptance for Law Firms – Part 1: 2 Sets of Issues

Trust Accounting

If you were watching Family Feud and the clue was “Ways businesses accept payment”, how long would it be before a contestant said credit cards. Survey says… not very long. If it isn’t the first answer given, it would likely be the second. The point is, one of the most commonly accepted methods of payments […]

CosmoLex Law Practice Management Software Now Includes Credit Card Processing Through Integration With LawPay*

The leader in law practice management software becomes the only web solution that allows law firms to follow the money end to end.   NORTH BRUNSWICK, NJ – September 1, 2015 – CosmoLex, a leading cloud-based, law practice management software provider, has announced it has become the first in the industry to track money end to […]

The Benefits of a Document Management System In the Cloud

Trust Accounting

Any law practice management system worth it’s salt will feature document management capabilities. A reliable document management will help your firm profit, increase your workflow and protect your firm from risks. The most reliable legal document management systems can now be found in the cloud. How does legal document management in the cloud do all […]

Post Practice Management Software Frustration – The Lost Money Trail

Trust Accounting

If you are managing a law firm there’s a good chance you have implemented practice management software by now. If you haven’t implemented practice management software yet, there is an even better chance that you have considered it. For those law firms that have implemented practice management software or are looking to do so, the […]

Practice Management Software Selection – Five Commonly Overlooked Factors

Trust Accounting

There was a time where you could manage your entire law firm with a quill pen and an ink. That time was long ago and law practice management must have been extremely hard, never mind having to learn calligraphy. While fancy handwriting may have been the lawyer’s challenge of the past now lawyers, who are […]

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