CosmoLex reviews

CosmoLex

Law practice and case management platform
our rating 4.5 out of 5 Stars

CosmoLexProduct Overview

  1. About CosmoLex
  2. Pros of CosmoLex
  3. Cons of CosmoLex
  4. Breakdown of core features

CosmoLex product overview

CosmoLex is cloud-based law practice management software that integrates trust and business accounting, billing, and document management in a single application. The solution lets solo attorneys and small law firms manage their practice and time and expense tracking as well, eliminating the need to maintain multiple programs.

CosmoLex uses a matter-centric approach that connects every entry to the appropriate client matter. Law firms running on CosmoLex can streamline and secure all client communications by using the built-in Secure Client Portal. The software also accelerates receiving payments with CosmoLexPay, compliant credit card processing powered by LawPay. It provides optimized calendar, document, and email management to keep everyone on the same page. It takes care of the entire practice, allowing legal practitioners to take better care of their clients.

Pros of CosmoLex

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  • Law firms can prevent leakage with the software’s on-the-go capture and Money Finder. Furthermore, CosmoLex’s one-click billing and online payments simplify receiving payments.
  • The platform brings over 100 reporting options to allow users to analyze the firm’s performance and boost the bottom line.

Cons of CosmoLex

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  • Some of its features, such as CosmoLexPay, are currently only available for U.S. clients.

Breakdown of core features

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Practice management

CosmoLex tags every email, task, event, document, billable item, and transaction to its proper client matter at all times. Firms can create task workflows and load them into new or existing matters. Legal teams can also reduce administrative workload by automating legal tasks, connecting client and matter information, and putting the entire law firm on the same page. The system’s custom workflow management allows users to control what gets done by whom and when for better deliverability. Team members can transmit communications, set up reminders and appointments, and make generating, sending, and paying invoices simpler.

Accounting

The software manages all of the law office’s bookkeeping and accounting requirements with built-in compliance check every step of the way. It enables law organizations to handle all payees from a central dashboard with a chart of accounts. Firms can track and pay all office bills and vendor credits and have a comprehensive financial picture. Moreover, users can set recurrent bills, such as rent or utilities, and let CosmoLex enter them automatically.

Credit card processing

Law firms can manage credit card transactions to complete trust retainer payments, online invoice payments, and daily reconciliations of received funds using CosmoLex’s end-to-end credit card processing. The integrated system controls the bookkeeping procedures required for credit card payments, like managing deposited funds, how they are recognized, and how to handle refunds.

Document management

With a native storage option, CosmoLex optimizes productivity and organizes case information, files, documents, and compliance requirements. Users can create original document templates by designing them once in Microsoft Word and downloading their database of merge fields from the platform.

(Last updated on 07/13/2022 by Liz Laurente-Ticong)

Quick Facts

  • Industry Specialties
    Legal
  • Pricing
    High-end
  • Works Best For
    Mid Sized Businesses, Small Sized Businesses

Screenshots

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Video

Features

  • Billing
  • Law Office Accounting
  • Credit Card Processing
  • Bank Reconciliations
  • Accounts Payable
  • Fee Collections and Revenue Distribution
  • Intake Forms
  • Document Management
  • Custom Fields and Pages
  • Calendar and Tasks
  • Contacts and Matters
  • Communications
  • Client Portal
  • Reports

Integrations

  • Gmail
  • Apple Mail
  • Yahoo Mail
  • Office 365 Outlook
  • Box
  • Dropbox
  • Google Drive
  • NetDocuments
  • OneDrive
  • Zapier

Pricing Model

  • Per-user pricing

Languages

  • English