CosmoLex Pricing, Features, Reviews & Alternatives

CosmoLex

Web Based Legal Practice Management & Accounting Software

4.72/5 (295 reviews)

CosmoLex overview

What is CosmoLex?

CosmoLex is the ONLY total solution that includes billing, practice management AND compliant law office accounting (No QuickBooks Needed). CosmoLex’s One Price - One Login system ends the daily struggle of using a hodgepodge of practice management, billing and accounting systems forever. CosmoLex even has built-in LawPay with no fixed monthly fee. Learn why 1000s of law firms have switched to CosmoLex. Try CosmoLex free today!
www.tabs3.com

Pricing

Starting from
$79/month
Pricing options
Free trial
Subscription
Value for money
View Pricing Plans

Devices

Business size

S
M
L

Markets

United States, Canada

Supported languages

English
CosmoLex screenshot: CosmoLex activities3 Big Problems of Separate Legal Billing & Accounting SystemsCosmoLex screenshot: CosmoLex accountingCosmoLex screenshot: CosmoLex dashboardCosmoLex screenshot: CosmoLex calendarCosmoLex Overview Video
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CosmoLex user reviews

Value for money
Features
Ease of use
Customer support
  4.6
  4.4
  4.6
  4.8
Eric D.

Practice Management and Accounting in One

Used daily for 2+ years
Reviewed 2020-03-25
Review Source: Capterra

One of the biggest things Cosmolex has done for us is allow us to bring out bookkeeping in-house. We went through 3 bookkeeping firms in 2 years and spent huge sums of money for our accountants to undo the mess they made. Our first year end with Cosmolex and in-house bookkeeping was a little rough but that was mostly cleaning up past mistakes.

Pros
The product is generally pretty simple to use. Sometimes you will encounter a quirk that makes you wonder "why did they do it like this?" but once you understand the logic behind it you pick up quickly. The software is updated quite regularly.

Cons
They were purchased by Tabs3 about a year ago and the fact that they are not independent is a little concerning.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Jennifer K.

Best Attorney Software

Used daily for 1-2 years
Reviewed 2019-12-18
Review Source: Capterra

Great program with easy customer support (even a chat feature). The prior legal platform software we used constantly had issues with an expensive yearly update that was required. Cosmolex is cloud-based so no need for updates. there is no need for an additional bookkeeping program for your office expenses as the program will handle that along with your trust accounting.

Pros
I like that you can handle your everyday office accounting in the same program as your trust accounting. There is no need for a separate program. Our clients love the client portal and they can upload documents directly to the client portal instead of having to bring them into our physical office. Cosmolex keeps each of your client files organized where you can save all of your emails, documents, and share the ones that you need to share with your clients through the client portal.

Cons
We would like to be able to make one bulk deposit at one time instead of having to go through by individual dates and make individual deposits.

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Kristen M.

Best decision I made for my business

Used daily for 2+ years
Reviewed 2021-04-29
Review Source: Capterra

Pros
What I like the most is that virtually everything is in one program and it is super easy to use. It was a smooth transition to migrate files and data over (CosmoLex took this over for me)

Cons
Used to have a feature where you could sort documents according to tabs (such as date modified, name, etc). This feature was disabled which makes it difficult to find documents within a folder, particularly if there is a high volume of documents. Please bring this feature back!

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 10/10

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Aaron T.

Time to Switch to a New Service

Used weekly for 2+ years
Reviewed 2021-03-22
Review Source: Capterra

I regret everyday not simply using Quickbooks and Clio like a lot of other law firms do. We are going to try a demo with a few other products, Abacus and CaseManager, but I really don't think you can go wrong with Quickbooks especially if you want the payroll integrations. We're basically paying twice the price of Clio and other time-management options for accounting software that does not work.

Pros
We liked that it appeared to have a bunch of services wrapped up into one--time-keeping for billing, accounting software similar to Quickbooks with an automatic feed into our accounts, and email archiving/practice management. The time-keeping component works well although you would think it would be easier to do mixed-fee or alternative fee arrangements given that these are the fastest growing in the legal industry.

Cons
The accounting system is a joke. The bank-feed regularly just stops syncing with no notification. We have spent so much time reconciling our books this year as a result of issues that Cosmolex refuses to address claiming its the result of their third-party vendor. We recently needed to transfer a file, and in going to export the emails, we learned that we would need to go into each email, print to PDF, and manually save! When I asked why this wasn't explained in the marketing materials as we would never have used Cosmolex for email storage if we knew that it would require this much work to actually use or access the emails, I was given instructions for how to download the emails from my Outlook account directly. Then why am I paying to use Cosmolex? Lastly, the customer service has been consistently terrible. The chat function used to be helpful--but it appears they outsource it now, and it's no longer a benefit as the users can only refer you to articles. Additionally, we are constantly being told that they will make changes in response to our feedback (and presumably the feedback of others) but the only changes that have been made in the past few years have made the program less helpful. Where were the increased integrations we were promised? Why can't they figure out the syncing with their vendor?

Rating breakdown

Value for money
Ease of use
Features
Customer support

Likelihood to recommend: 1/10

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Ed E.

Essential

Used daily for 2+ years
Reviewed 2021-02-25
Review Source: Capterra

Again, it's essential to my practice, and the built-in accounting is fantastic.

Pros
I was reluctant to subscribe to a practice management solution, but now can't envision getting along without it. It has everything I need from time tracking to accounting right at my fingertips.

Cons
I occasionally run into accounting difficulties in terms of writing off charges or editing past transactions, but I'm not sure that's a drawback of CosmoLex as much as it is my ignorance of accounting best practices.

Rating breakdown

Ease of use
Features

Likelihood to recommend: 9/10

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CosmoLex pricing

Starting from
$79/month
Pricing options
Free trial
Subscription
View Pricing Plans

$79 / User / Month (Billed Annually)

CosmoLex features

Access Controls/Permissions
Activity Dashboard
Alerts/Notifications
Billing & Invoicing
Calendar Management
Case Management
Case Notes
Client Management
Client Portal
Collaboration Tools
Conflict Management
Contract/License Management
Document Generation
Document Management
Document Storage
Email Management
Reporting & Statistics
Search/Filter
Task Management
Time Tracking

Videos and tutorials

Additional information for CosmoLex

Key features of CosmoLex

  • 100% Integrated Trust Accounting
  • Batch Generate Invoices
  • Encrypted Data, Auto Backup
  • Unlimited Data Storage
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Benefits

Five Ways CosmoLex Will Raise the Bar at Your Firm:

1. Total Solution. CosmoLex lets you manage your entire practice in one login. No more fiddling with multiple incompatible programs, failed imports, duplicate data entry.

2. Improved Cash Flow. Automated time & expense tracking, a “money finder” to spot unbilled items, one-click batch billing, automated reminder notices, and built-in, end-to-end credit card payment processing all work to bring money in the door faster..

3. Full-service Legal Business Accounting. Eliminate the endless hassles of trying to customize your general accounting software. CosmoLex’s built-in, fully integrated Accounting keeps your firm’s books current & compliant.

4. Always “Audit-Ready”. Built-in attorney Trust (IOLTA) Accounting, electronic bank data feeds, and one-click, 3-way bank reconciliations keep your trust accounts spotless..

5. Business Process Management. With practice management, billing, and accounting under one roof, CosmoLex helps you keep a pulse on your entire practice by providing dozens of performance data and financial management reports -- all on your dashboard.