Read case studies to know why these law firms learned to like tracking time with Cosmolex.
Mission
Implement a comprehensive, scalable, cloud-based legal practice management software solution for a newly-established law firm
Challenge
Optimize practice management and streamline the invoicing processheir practice—but was losing billable hours in the process
Roadblocks
- Clients complained about a lack of transparency in billing
- Attorneys wasted 2-3 days each month retroactively tracking tasks and sending out invoices
- Other practice management solutions were not comprehensive, efficient, or cloud-based
Solution
With CosmoLex, the law firm was able to streamline the invoicing process, increase transparency with clients, and create a more effective project management framework
Benefits
- Reduces the invoicing process from 2-3 days to minutes
- Solves billing problems in real-time instead of at the end of the month
- Decreases the amount of delinquent accounts
- Boosts the firm’s reputation and client trust through billing transparency
- Centralizes all practice management functions in one platform
About Kraemer LLP
Kraemer LLP is a growth-oriented law firm serving the community of Kitchen, Ontario, in Canada since 2020.
Founded by Attorney Patrick Kraemer, Kraemer LLP provides outstanding legal services for corporate, public sector, and private or individual clients. With a team of highly skilled legal experts, Kraemer LLP represents clients with professionalism and integrity and takes the stress out of a wide variety of legal matters, from innovation and investment to business licensing and real estate matters.
The challenge
Optimizing practice management and invoicing processes at a newly established law firm
Kraemer LLP started in 2020 when Patrick Kraemer, president and managing partner, left his old firm and branched out to begin his own practice.
Starting a new practice is a significant undertaking on its own, but it can be especially so without the right project management software.
Kraemer had previously worked with two different legacy legal practice management solutions. However, he knew that neither would meet the needs of a new firm.
Firstly, the fragmented time tracking and invoicing processes resulted in a loss of revenue, causing Kraemer to waste 2-3 days at the end of each month working on invoices instead of doing revenue-adding billable activities.
Secondly, these systems were limited in their ability to create transparency between the firm and clients, particularly with invoicing.
Kraemer wanted to avoid client complaints about costs incurred during the course of work. He knew the best way to do that was with a comprehensive practice management software that allowed for transparent, detailed time tracking.
The Solution
All-inclusive, legal project management software from CosmoLex
raemer planned to expand his practice rapidly and provide a wide variety of services to existing and new clients. Therefore, he had several requirements for a solution that could meet his current and future needs.
The top priority was that the solution be cloud-based. He says, “I’m growth-oriented. And… I’m a mobile kind of person. I’ve got clients all over the place, so I’m meeting with people in different locations. I needed something that was based in the cloud that I could access at any time.”
Due to previous experiences repeatedly re-entering redundant data and using multiple platforms for data entry and accounting, efficiency was another top priority. “I wanted something where we enter in time that is then connected to an account or a bill, and it’s a click of a button, boom, boom, and it happens,” Kraemer stated.
Finally, he needed a solution that was scalable and comprehensive. “Although I was starting out and although our firm [was] new, I already had a lot of clients and I knew that they were going to still keep coming to me. But I also knew I was going to grow… So I needed something that would work for me right when I was the only person here.”
Kraemer researched and tested several solutions. After trying the free trial, CosmoLex stood out for its cloud-based accessibility, efficiency, scalability, and comprehensiveness. “CosmoLex was a nice little package altogether,” states Kraemer.
