by profitsolv | Jul 31, 2024 | Accounting practice management, Cosmolex
There’s nothing like a confusing invoice or a complicated payment process to take the shine off great work. Yet for many law firms, billing frustrations are commonplace. Consider that a 2023 Thomson Reuters survey reports that the average law firm has an 18%...
by profitsolv | Jul 29, 2024 | Accounting practice management, Cosmolex
Successful law firms work to enhance productivity and profitability while delivering exceptional client service. Tracking and optimizing utilization rates is a significant help in this effort. What is utilization in the legal industry? Utilization means looking at how...
by profitsolv | Jul 25, 2024 | Accounting practice management, Cosmolex
Maintaining a robust online presence helps your law firm increase brand awareness and attract clients. A well-crafted professional website serves as your virtual storefront, giving potential clients their first impression of your firm. Your website must communicate...
by profitsolv | Jul 22, 2024 | Accounting practice management, Cosmolex
Think of your law firm’s website like a digital front door. It needs to get the attention of potential clients, make a positive first impression, and provide useful information that sets you apart from your competitors. But if you’re a small firm or solo...
by profitsolv | Jul 22, 2024 | Accounting practice management, Cosmolex
Properly managing IOLTA accounts is crucial to maintaining ethical standards and complying with legal requirements. However, the complexities and variations in IOLTA regulations can present significant challenges, particularly for solo practitioners and small law...
by profitsolv | Jul 18, 2024 | Accounting practice management, Cosmolex
General ledger accounting is the cornerstone of effective financial management for law firms, ensuring compliance and securing financial health. Mastery of this fundamental practice not only guarantees accuracy but also enhances the overall efficiency of your firm....
