Managing a law firm is no walk in the park. You’ve got to juggle client demands, manage a full calendar of client meetings and court appointments, maintain meticulous records, and account for your billable time—all while keeping an eye on your practice’s financial health.  

Trying to handle it all on your own can be overwhelming, to say the least. Thankfully, there’s a solution: CosmoLex’s comprehensive legal practice management software. 

Whether you’re looking to improve payment processes, enhance document management, or keep in compliance with financial regulations, this robust software offers a suite of advanced features designed to enhance your entire practice. 

Advanced reporting and analytics 

CosmoLex’s legal practice management software elevates the art of managing your legal practice to new heights with comprehensive reporting and analytics features that tell you everything you need to know about your firm in just a few clicks.  

Billing and time tracking 

With CosmoLex’s billing and time tracking software feature, including a built-in time tracker that records time billed and expenses, you can gather critical data on individual matters, employees, and even specific tasks. With this information, you can make informed business decisions on profitable practice areas, employee productivity, and resource allocation.  

Even better, all billing, time tracking, and accounting data gets generated from one data set, making your data far easier to maintain and create reports from. 

Accounting 

Need to keep your finger on the pulse of your finances, but not sure how to do that? CosmoLex’s business accounting platform offers a tracking system that monitors a wide array of metrics and reports such as: 

• Write-offs 
• Expenses 
• Accounts payable 
• Profit and loss reports 
• General ledger reports 
• Financial productivity report 

Trust accounting 

Trust accounting is complex, but the right reporting can help give you confidence that your IOLTA accounts are managed in full compliance—and simultaneously conserve crucial time and resources. 

Access an extensive array of trust recordkeeping reports within CosmoLex, including: 

• Trust ledger balance and transactions 
• Trust ledger activity summary 
• Trust journal 
• Trust transfer record 
• Client cost tracking 

These reporting features work hand-in-hand with CosmoLex’s built-in trust accounting capabilities, which include automatic trust-to-general transfers, trust accounting safeguards, three-way reconciliations, and online payments. (See more below!)

Integration capabilities 

Even the leanest law firm needs multiple software solutions to run its operations. The problem often isn’t the number of tools used, but how well they work with one another.   

CosmoLex offers a wide variety of integrations so you can seamlessly use it with your most important third-party apps.   

Google Suite 

You don’t have to give up your Google tools. CosmoLex integrates with all of them, including: 

• Gmail: Auto-forward your Google emails into CosmoLex and tag them to a matter so all communications are organized and archived. 
• Google Calendar: Bi-directional sync allows events you create on one side to automatically populate on the other, keeping all calendars on the same page. 
• Google Drive: You can use this integration to keep your files stored with Google while accessing them within each associated matter in CosmoLex. 

Microsoft Office 365 

If you use Office 365 apps, CosmoLex works seamlessly with them, too! Here’s how: 

• Outlook Email: CosmoLex Add-in allows you to link emails in your inbox to individual matters and even mark them as billable for the future, then archive them in CosmoLex automatically. 
• Outlook Calendar: Bi-directional sync lets events automatically populate on both calendars. You can even create a dedicated calendar in Outlook to sync with the CosmoLex calendar. 
• OneDrive and OneDrive for Business: This integration lets you access matter files from within CosmoLex and provides an ‘Open in OneDrive’ quick launch button so you can easily edit files in Office Online. 

Document storage and management 

Document storage and management integrations make requesting, sharing, signing, and organizing documents a breeze through Lexshare, which offers:  

• Robust two-way integration with CosmoLex 
• Secure file-sharing 
• LexSign eSignature  

You can also create secure links for requesting, sharing, or e-signing documents right from your Outlook inbox. 

Furthermore, it includes a two-way integration with Dropbox and Box.com, complete with CosmoLex-synced Matter Folders. It also integrates with the document management system (DMS) NetDocuments so you can access matter files from within CosmoLex. 

Compliance management 

Accounting compliance is a complex endeavor that can impact your law firm’s reputation and profitability. Without careful recordkeeping and fund management, you could end up in compliance hot water.  

CosmoLex offers built-in features to make sure your law firm is always compliant with trust accounting rules and legal industry regulations, including: 

• Time-tracking tools: These tools allow you to sync your time and expenses directly to matters and invoices for more accurate recordkeeping. 
• Trust accounting: Legal-specific trust accounting software keeps all accounting transactions and reports separate regarding matters and accounts, preventing you from commingling funds. 
• Financial safeguards: CosmoLex’s compliance software puts up safeguards that prevent duplicate data entry, overdrafts, and many other costly financial mistakes. It’ll even notify you if it detects any issues so you can address them promptly. 

Workflow automation 

CosmoLex legal practice management software automates and streamlines your workflows so your firm can run like a lean, mean, well-oiled legal machine. Instead of wasting time on repetitive, non-billable administrative tasks, you can set them on autopilot and let the software handle them for you. 

These legal process automations include: 

• Document automation: Create custom document templates, auto populate previously entered client information, and store all client documents and data in one cloud-based location. 
• Client communication: Use legal client relationship management (CRM) software to automate client follow-ups via email, text messages, and phone calls, improving your speed to lead. 
• Client intake: Build custom automated workflows with online intake forms, secure file-sharing, and eSignature to streamline the client intake process. 
• Billing and invoicing: Auto-populate custom client invoice templates with client information and itemized billing points, then send them in just a few clicks. 

User training and support 

With CosmoLex, you get superior customer support and training from our in-house team. They’ll handle: 

• Accounting software support 
• Training 
• Onboarding 

…all at no additional cost! We also offer free live online classes five days a week so you can master everything from basic client and matter management to accounting workflows and CRM management. 

To explore and seamlessly implement the advanced features within CosmoLex, start by booking your personalized demo to learn how each feature can meet your unique needs. Take advantage of our free comprehensive ongoing education opportunities so your entire team can become CosmoLex masters and stay updated on the latest enhancements. 

Simplify your legal practice management with CosmoLex 

By integrating advanced reporting, seamless billing, comprehensive accounting, and more, CosmoLex simplifies every aspect of legal practice management so you can focus on what you do best: practicing law and serving your clients.  

Are you ready to transform your entire practice into a more efficient, profitable, and compliant law firm? Start your ten-day free trial today!