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CosmoLex: Read Our Exclusive Report

Wednesday, October 01, 2014

Today's issue of TL NewsWire covers an integrated billing, practice management, and trust accounting cloud application (see article below), an add-on for WestlawNext, an iOS app for creating diagrams, and a cloud time-tracking application. Don't miss the next issue.


Last decade, integrated software was like an army that had advanced beyond its supply lines. It held a lot of promise, but the technology simply didn't exist yet to make it successful. From force of habit, many small law firms still use a smorgasbord of software products, but the times have changed.

CosmoLex … in One Sentence

Updated recently, CosmoLex is a cloud legal practice management application with integrated billing, calendaring, conflicts checking, task management, and trust accounting.

The Killer Feature

Integration of your law firm's finances and client work eliminates duplication and reduces errors. For example, CosmoLex handles the entire client intake process. You can use it to conduct a conflicts search, schedule the initial meeting on the team calendar, enter the initial retainer into a new trust account, assign the matter's initial set of tasks to you and your team, convert completed tasks into billable time entries, generate a bill, and apply the retainer to the bill.

"We knew that a simple but robust integration of calendaring, task tracking, billing, and trust accounting would solve the majority of operational efficiency problems at small law firms," CosmoLex CEO Dr. Rick Kabra told us. "The bonus of anytime/anywhere access to these capabilities in the cloud exponentially increases the productivity gains realized."

Other Notable Features

CosmoLex's 360-Degree Financial View is a one-page dashboard that displays a snapshot of important financial data across all matters, including fee advances in an operating or trust account, unbilled work, and unpaid bills.

You'll find support for any style of billing such as hourly, contingent, and flat fee. Time entry requires just three clicks or taps. The Shorthand tool expands abbreviations that you set up for faster entry. Built-in cost accounting enables you to charge for overhead. Billing features include invoice customization, batch billing into PDF or Word format, and the ability to email invoices and reminders for past due invoices.

CosmoLex handles any trust accounting scenario, including preventing common trust accounting mistakes such as ledger card over-draft, three-way bank reconciliation, an audit trail of all trust account activity for each client and matter, low retainer replenishment requests, check printing (standard and voucher-style), and statements for clients that comply with your governing ethics rules. Trust accounts are always audit ready and IOLTA compliant.

CosmoLex goes beyond traditional conflicts checking. For example, finding a matching name doesn't necessarily mean a conflict exists. For this reason, the Conflict Checking function shows you relationships (e.g., John Smith was a witness for opposing counsel in a case five years ago).

Law firms must safeguard client data from external threats, and limit access internally. CosmoLex uses only datacenters in the United States with the latest encryption and other security protocols. Your data gets backed up automatically every four hours. Role-Based User Security enables you to create groups of people to designate which functions of CosmoLex they can access.

What Else Should You Know?

CosmoLex features a responsive design that automatically adapts to smaller screen sizes, enabling you to use it in any web browser on any device. CosmoLex costs $50 per user per month ($43 if you pay annually). You can try it for free. Learn more about CosmoLex.

How to Receive TL NewsWire
So many products, so little time. In each issue of TL NewsWire, you'll learn about five new products for the legal profession. Pressed for time? The newsletter's innovative articles enable lawyers and law office administrators to quickly understand the function of a product, and zero in on its most important features. The TL NewsWire newsletter is free so don't miss the next issue. Please subscribe now.

13 Billing Tips to Keep Clients Happy Plus 50 More Must-Reads

Wednesday, October 01, 2014

Coming today to SmallLaw: Our editorial team has selected and linked to 51 articles from the past week worthy of your attention. Below you'll find a sample article from each section of today's issue, including our SmallLaw Pick of the Week.

Retirement for Solos Is Complicated

Working "On" Instead of "In" Your Business

Email Marketing Metrics (Infographic)

Better Leverage Your Speaking Engagements

Congratulations to Lee Rosen of Divorce Discourse on winning our SmallLaw Pick of the Week award: 13 Billing Tips to Keep Clients Happy

How to Receive SmallLaw
Small law firm, big dreams. Written by successful small-firm founders, managing partners, administrators, and legal technology and practice management experts, SmallLaw provides practical advice on management, marketing, and technology issues in solo practices and small law firms. Additionally, SmallLaw features comprehensive reviews of legal products with accompanying TechnoScore ratings. SmallLaw also ensures that you won't miss anything published elsewhere by linking to helpful articles, podcasts, and videos about solo practices and small law firms. Please subscribe now.

Review of Abacus Private Cloud Plus 82 More Must-Reads

Tuesday, September 30, 2014

Coming today to BlawgWorld: Our editorial team has selected and linked to 83 articles from the past week worthy of your attention. Below you'll find a sample article from each section of today's issue, including our BlawgWorld Pick of the Week.

Five Ways to Use Your PC Remotely

View a Desktop Website in Mobile Safari

iPhone 6 Plus Second Impressions

The ROI of Law Firm Practice Management

Congratulations to James A. Farr of Law Technology Today on winning our BlawgWorld Pick of the Week award: Review of Abacus Private Cloud

How to Receive BlawgWorld
Our newsletters provide the most comprehensive coverage of both legal technology and mainstream technology of interest to the legal profession (e.g., monitors, smartphones, scanners, the iPad, and more). But not the only coverage. BlawgWorld enables you to stay on top of all the noteworthy legal and mainstream technology articles (and podcasts and videos) published elsewhere without having to hire a research assistant. Even when you're busy, you won't want to miss each issue's Pick of the Week. Please subscribe now.

Reviews of Slack, ActiveWords; A Dual Cell Phone Lawyer; WordPerfect DOS Ethical Issue

Friday, September 26, 2014

Today's issue of Fat Friday contains these articles:

Neil Squillante, Review: Slack

Andrew Shear, Why I Use a Feature Phone and an iPhone

Mark Olberding, WordPerfect DOS, Windows XP, and Legal Ethics

Robin Meadow, Review: ActiveWords 2.1

Don't miss this issue — or any future issues.

How to Receive Fat Friday
Our most serendipitous offering, Fat Friday consists of unsolicited contributions by TechnoLawyer members. You'll no doubt enjoy it because of its mix of interesting topics and genuinely useful knowledge, including brutally honest product reviews and informative how-tos. The Fat Friday newsletter is free so don't miss the next issue. Please subscribe now.

iPad v. Surface Pro for Lawyers; Reviews of Barron Henley, Metadata Assistant; Automated Document Naming

Thursday, September 25, 2014

Today's issue of TL Answers contains these articles:

David Moon, iPad v. Surface Pro for the Mobile Lawyer

Thomas F. McDow, Review: Legal Technology Consultant Barron K. Henley

Amelia Porges, Review: Metadata Assistant 4.1

Philippe Doyle Gray, My Automated Document Naming Method

Don't miss this issue — or any future issues.

How to Receive TL Answers
Do you believe in the wisdom of crowds? In TL Answers, TechnoLawyer members answer legal technology and practice management questions submitted by their peers. This newsletter's popularity stems from the relevance of the questions and answers to virtually everyone in the legal profession. The TL Answers newsletter is free so don't miss the next issue. Please subscribe now.

As Chair of our firm's Litigation Team Technology Committee, TechnoRelease provides an excellent means for me to become aware of new technological developments applicable to the practice of law, and helps me analyze options and make recommendations for hardware and software acquisitions.
- William J. Mulligan, Esq., Davis & Kuelthau
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