CosmoLex’s legal billing software streamlines legal invoicing.
Save time and effort on monthly billing processes.
Speed up your billing process with CosmoLex’s bulk invoicing feature, which lets you generate multiple invoices with just one click. This eliminates the need for outdated, manual invoice creation. By automating the invoicing process, you can focus on higher-value tasks and streamline your firm’s financial operations.
CosmoLex’s billing software is fully compliant with UTBMS (Uniform Task-Based Management System) codes, ensuring standardized billing for your law firm. This adherence to industry guidelines simplifies the management of billing tasks, ensures accuracy for clients, and prevents disputes, making your invoicing process efficient and professional.
Gain deeper insights into your law firm’s financial health with CosmoLex’s detailed invoice reports. By monitoring time, expenses, and billing trends, you can easily identify areas of profitability and opportunities for improvement. CosmoLex’s intuitive reporting tools help you make data-driven decisions to optimize revenue and enhance your firm’s financial performance.
Speed up your billing process with CosmoLex’s bulk invoicing feature, which lets you generate multiple invoices with just one click. This eliminates the need for outdated, manual invoice creation. By automating the invoicing process, you can focus on higher-value tasks and streamline your firm’s financial operations.
CosmoLex’s billing software is fully compliant with UTBMS (Uniform Task-Based Management System) codes, ensuring standardized billing for your law firm. This adherence to industry guidelines simplifies the management of billing tasks, ensures accuracy for clients, and prevents disputes, making your invoicing process efficient and professional.
Gain deeper insights into your law firm’s financial health with CosmoLex’s detailed invoice reports. By monitoring time, expenses, and billing trends, you can easily identify areas of profitability and opportunities for improvement. CosmoLex’s intuitive reporting tools help you make data-driven decisions to optimize revenue and enhance your firm’s financial performance.
All the tools your firm needs
to run your business.
Built with the needs of modern small and mid-sized law firms in mind, CosmoLex’s legal practice management software increases efficiency and profitability.
LEGAL PRACTICE MANAGEMENT RESOURCES
Access CosmoLex‘s free materials on how to elevate your legal practice management.
- Integrated Accounting Software for Law Firms: Features, Benefits & More
- 5 Reasons Law Firms are Switching to CosmoLex
- Optimizing Law Firm Operations: 5 Strategies for Modern Practices
- The ROI of Switching to CosmoLexPay: Cost Savings and Efficiency Gains
- 6 Best Practices for Creating a High-Converting Law Firm Website
CosmoLex legal billing software gets your law firm paid as quickly as possible because our invoicing tools are intuitive, simple, and customizable. With CosmoLex, invoice templates can be prepared in advance, itemized, and populated with tailored messages, billing and payment history statements, and your law firm logo in just a few clicks.
Customizing your client invoices with itemized billing statements and past payment confirmations can help answer client questions before they’re even asked. This will save your team the time typically spent reviewing bills with clients and getting your law firm paid before the payment deadline. Best of all, even custom invoices can be batch billed to clients with our legal billing software, saving you time each billing cycle. You can quickly generate bills via email or print bulk invoices in moments.
Yes! CosmoLex LEDES billing supports all UTBMS codes and actions:
- Deactivate codes you don’t want to be used for any of your clients at any time.
- Enable only certain UTBMS code sets for your entire law firm or specific matters (e.g., limit code sets out of Bankruptcy, Counseling, eDiscovery, Litigation, Project, Patent & more).
- Define a specific list of task and activity codes for use at the matter level.
Legal billing software is a specialized tool designed to help law firms manage billing and invoicing processes efficiently. Unlike generic billing tools, legal billing software like CosmoLex integrates with time tracking, trust accounting, and matter management, ensuring compliance with legal billing regulations. Law firms need it to accurately track billable hours, generate professional invoices, and manage trust accounts in compliance with IOLTA regulations. Streamline the billing process with CosmoLex to improve cash flow and client satisfaction.
Lawyers typically use one or more of the following billing methods:
- Hourly billing: Charging clients for each billable hour spent on their case.
- Flat fees: Charging a set fee for specific services.
- Contingency fees: Collecting a percentage of the settlement or judgment.
- Retainers: Receiving an upfront payment, which is drawn down as work is completed.
CosmoLex supports all these billing methods, making it easy to customize invoices based on the needs of each client.
Legal time and billing software like CosmoLex offers several key benefits:
- Accurate time tracking to prevent lost revenue.
- Automated billing to save time and reduce errors.
- Compliance with legal billing and trust accounting rules.
- Improved cash flow through faster invoice processing and payment tracking.
- Integrated features like expense tracking and reporting for a streamlined workflow.
CosmoLex is one of the best legal billing and accounting software options for law firms because it combines billing, accounting, and practice management in a single platform. It ensures compliance with legal accounting rules and integrates time tracking, billing, and trust account management seamlessly.
When selecting legal office billing software, prioritize these features:
- Time tracking integration: Real-time and batch time entry.
- Customizable invoices: Include detailed billing descriptions and formats.
- Trust accounting compliance: Manage retainers and trust funds securely.
- Payment processing: Accept online payments for faster collections.
- Batch billing and reminders: Streamline the invoicing process.
- Reporting tools: Generate financial reports to track performance.
CosmoLex offers all these features, making it a comprehensive solution for law firms.
Yes, with CosmoLex legal billing software, you can easily apply trust funds to bills before sending them to clients. The software ensures compliance with trust accounting rules by automatically tracking and reconciling trust transactions. This reduces the risk of errors and simplifies trust fund management.
Sending invoices with CosmoLex legal billing software is simple:
- Generate invoices for selected matters.
- Review and customize invoices as needed.
- Choose the delivery method: email or print.
- Send invoices directly to clients with payment options included.
CosmoLex also tracks sent invoices and payment statuses, allowing you to follow up on unpaid bills easily.
Simplify your practice with one tool.
