by profitsolv | May 17, 2024 | Accounting practice management, Cosmolex
Billing is the heartbeat of any practice. It’s how you keep the lights on (or the computers if you’re remote or hybrid), your team paid, and your firm thriving. But traditional manual billing processes are time-consuming, error-prone, and a major burden on you and...
by profitsolv | Mar 13, 2024 | Accounting practice management, Cosmolex
If you’re running a legal practice, managing your cash flow effectively is a necessity for survival and growth. One of the more frustrating aspects of cash flow is dealing with late invoices. For law firms, managing partners, and firm administrators, chasing down...
by profitsolv | Feb 21, 2024 | Accounting practice management, Cosmolex
Legal CRM (client relationship management) software is a valuable tool for growing your practice. Law firms of all sizes—especially small and medium-sized firms—can use these tools to move clients through the intake process more quickly, improve client communication...
by profitsolv | Feb 7, 2024 | Accounting practice management, Cosmolex
In general, simplicity is an underappreciated virtue. But think about it: the simpler your system, the fewer ways it can go wrong, either because of technical glitches or human error. In addition, when things do go wrong, the source of the problem is easier to...
by profitsolv | Feb 7, 2024 | Accounting practice management, Cosmolex
Running a law firm is a complex undertaking that requires a lot more than filing briefs or showing up in court. From managing cases to meeting with clients and keeping up with all your firm’s administrative processes, tasks and processes can slip through the cracks. ...
by profitsolv | Jan 31, 2024 | Accounting practice management, Cosmolex
In the complex world of legal practices, trust accounting is a critical component of the financial success of a law firm. It’s also frequently misunderstood. More than just another mundane aspect of bookkeeping, trust accounting creates the foundation for financial...
