CosmoLex is cloud-based practice management software with a robust feature set that includes a full law-firm accounting package. CosmoLex’s accounting features mean you don’t have to deal with migrating information to and from a general-purpose accounting software package like QuickBooks or Xero.
Full law-firm accounting. Meeting your professional accounting requirements can be a challenge if you use QuickBooks or Xero, but CosmoLex will generate all the necessary reports in addition to the usual billing, check-writing, and bank feed features you would expect from accounting software. (You can control who can see your account information, of course.)
Single-page application. Speed matters, especially when it comes to browser-based software. CosmoLex feels fast and responsive because the page doesn’t reload every time you click a link or button. Most of the time, it feels just as fast as desktop software.
Credit card processing included. CosmoLex includes LawPay for no additional monthly fee, which makes it easy to accept credit cards from clients while meeting your trust accounting requirements.
CosmoLex costs $49 per user per month if you commit to annual billing, or $59 per user per month per user if you want to be billed monthly. This makes it more expensive than MyCase and roughly comparable to Clio.
|Billing & Invoicing||✓|
More on features:
- CosmoLex Tips & Tricks
- CosmoLex Apps, Sync & Integrations
- CosmoLex Security, Backup & Encryption
- CosmoLex Pricing & Setup
Things You Might Want to Know
Include your accountant. If you intend to do your accounting in CosmoLex, it’s a good idea to get your bookkeeper and accountant on board before you switch. They shouldn’t have any objection—trust accounting in particular will be much easier in CosmoLex—but they will need to work with it, too.
Email integration. CosmoLex does not integrate with Gmail or Outlook. Instead, you can set up any email client (including Gmail and Outlook) to automatically forward emails to CosmoLex. When CosmoLex receives an email from you, it will attempt to automatically tag the email with the appropriate contact and matter. If it can’t figure out what matter to tag your email with, it will hold it in an Untagged folder for you to tag manually. You can also resolve emails that match more than one client or matter under the Multi Match folder. (You only have to organize the emails CosmoLex doesn’t recognize.)
Mobile apps. While CosmoLex recently released an app for iOS, it has a limited feature set (like most practice management software apps). The web app is mobile responsive, so you can use CosmoLex from your phone or tablet as long as you have internet access, but some features are less usable on a phone-size screen than others.
Inclusion v. integration. In general, CosmoLex seems to favor including features over integrating with third-party software and services. But there are exceptions. As of this writing CosmoLex integrates with Dropbox, Box, OneDrive, Google Calendar, and Office 365 Calendar.
Who CosmoLex is For
CosmoLex is an excellent choice for firms that want robust accounting included with full-featured cloud-based practice management software.
On the other hand, CosmoLex probably is not a great fit for firms that need to link a number of software and services together, unless they are included in the list of third-party apps CosmoLex already supports.
Links to More Articles on CosmoLex
- CosmoLex’s Client Portal Means Easy and Secure Communication With Your Clients
- Secure Communication Portals Are Becoming Common
- CosmoLex Adds Matter-Based Email for All Email Providers
- A Simple Step to Double Your Online Security (Sponsored)
- Practice Management Software Selection — Five Commonly Overlooked Factors (Sponsored)
- 10 Questions Every Legal Accountant Needs To Be Able To Answer (Sponsored)
- Five Things Lawyers Must Know About Legal Accounting (Sponsored)
- Email and Accounting: Two Features that Distinguish Some Practice Management Software