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CosmoLex

Score9 out of 10

8 Reviews and Ratings

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What is CosmoLex?

CosmoLex in New Jersey offers their legal practice management application which supports all business administration needs, as well as accounting and billing internally, without needing to integrate with accounting software.

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Who Buys & Uses CosmoLex

CosmoLex Reviews

What users are saying about CosmoLex.
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CosmoLex Bringing Clients and Lawyers together.

Jeffrey ChupaView profile
Legal Project Manager in Professional Services at Masgras Professional Corporation (11-50 employees employees)

Use Cases and Deployment Scope

As a legal Service management software, we use it to organize our clients, maintain their files and mange the data base of clients. CosmoLex has a lot of other features including a task tracking system to keep our employees on task, a document generation system to help create files to be used for our clients, and many more.

Pros

  • Client Database
  • Document generation
  • Task assignment
  • Time tracking

Cons

  • File separation and security like ethical was to prevent opposing council in the same company from having open access to other clients.
  • More detailed user management.

Most Important Features

  • Organizing client accounts
  • Document generation.
  • Billing

Return on Investment

  • Time is the greatest factor when it comes to managing and creating documents and client accounts.
  • Tracking client data.

Other Software Used

OneDrive, PanTerra Streams, Microsoft 365 Business Premium, GIMP, Adobe PhotoShop, Adobe Acrobat

Excellent software for a new lawyer just getting started. Loading times could be improved, and also allowances made for multiple entries at a time for expenses and transactions (already possible for time entries)

Incentivized
Verified User
Professional in Legal (1-10 employees employees)

Pros

  • Cloud-based - accessible from anywhere.
  • Very easy to get started.
  • Intuitive user interface (for the most part).
  • No need for separate accounting software.
  • Check printing is very easy and smooth, especially when printing multiple checks.
  • Flexibility to integrate with other software to import billing.

Cons

  • Multiple line data entry - when adding multiple expenses manually, you have to wait for the software to load after each entry.
  • Loading can be slow - this includes generating reports, preparing checks, inputting data entries, moving from matter to matter - you have to wait a few moments with each action.
  • Cost - more costly than some other software options (similar in price to Clio).
  • Rather than pay for licenses, you pay per user, so you can't just purchase 3 licenses for 4 users without having some issues. When one user logs in and someone is already logged in under that username, the first user is logged out, even if they are in the middle of doing something.

Return on Investment

  • Took a lot of headache out of accounting (I started with Clio which integrates with QuickBooks and it was a nightmare dealing with it until I switched to CosmoLex).
  • An approved trust accounting software is required in my jurisdiction, and CosmoLex allowed me to get started with very little delay.
  • When transitioning to a different office, CosmoLex was new to my new assistants, and they were set in their ways. There are currently few legal assistants in the area with any familiarity with CosmoLex, so there is always a preference for PCLaw or EsiLaw among the staff. CosmoLex ruffled a few feathers when my staff were forced to learn something new.

Alternatives Considered

PCLaw and Clio

Great for control freaks or those who like building RTA furniture with those picture directions

Incentivized
Verified User
Partner in Legal (1-10 employees employees)

Pros

  • Bookkeeping and billing
  • Overall practice management
  • Responsiveness and support

Cons

  • Sometimes difficult to find what you want on the clunky interface.
  • Would be beneficial to offer a pared down version for solo practitioners
  • Accounts payable function is weak.

Return on Investment

  • Billing piece is good for capture of billables.
  • The accounting piece is good for planning and Y-O-Y cost analysis.
  • The price is a little high for a solo but the bookkeeping side makes it worth it.

Alternatives Considered

Clio

Usability