CosmoLex Review - why 4.7 stars?

Shlomi Lavi / updated: Dec 06, 2022

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What is CosmoLex?

CosmoLex is a legal practice management and trust accounting solution for small and medium businesses. It offers multi-billing options, accounting, task automation, cash flow management, and other services. The software was designed and launched by CosmoLex headquartered in New Jersey, United States.

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Who is it best for?

Customers of the software mainly include small and medium law firms and practices. It can be deployed for any kind of legal matter including civil litigation, bankruptcy, trade regulations, and others. Some notable clients of the software include Quinn Law Offices LLC, Cabanday Law Group, and RFK Law Offices etc.

Main features and functionalities

Important practice management services offered by CosmoLex include task and event tracking, team calendar, billing workflow, contact address book, client conflict check, and docket control. With the matter management facility, the software automatically assigns every case to its appropriate category. Customizable dashboard provides access to such matters as billable time, expense, operating retainer, and trust retainer.

CosmoLex offers management of hourly rates, flat fees, and contingency fees. A real time view is offered about client advances and balances with the facility of adding invoices with a single click. Other important services include time and expense management, trust accounting, user management, and QuickBooks integration.

What is the actual cost?

CosmoLex offers a single pricing plan priced at $89 per user per month billed annually and $99 per user per month billed monthly.

ITQlick pricing score is 4 out of 10 (10 is most expensive). Access ITQlick pricing guide for CosmoLex. You can also find here pricing information from CosmoLex's website.

Pros

• CosmoLex is simple to use
• Clients of end-users can upload documents directly to the client portal
• End-users can save all their emails, documents and share files with clients through the client portal

Cons

• The software does not offer means to track the date of loss and statutes of limitation

How it stacks up?

Access a head to head analysis of CosmoLex vs alternative software solutions.

Frequently Asked Questions (FAQs)

Is CosmoLex right for you or your business?

CosmoLex is a good fit for legal practitioners looking for a legal management system that incorporates billing, practice administration, and compliance law office accounting. The software has customers like On Point Legal, Caldwell Intellectual Property Law, Law Office of Sarah M. Cox, Bachman Law, Fankhauser, Nelsen, Werts, Ziskey & Merwin, Law Offices Of Pamela Little PLLC, Gross & Associates, D.R. Wells Law PLLC, Michael Martinez Law APC, Saint John Law LLC, The Law Office of Brannon R. Gary, David G. Brisendine, III, P.C., Davis, Chapman, and Wilder, LLC, etc.