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CosmoLex vs Actionstep Legal Accounting Comparison (2026)

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CosmoLex logo

CosmoLex

Actionstep Legal Accounting logo

Actionstep Legal Accounting

Overview

CosmoLex legal timekeeping & billing software catches every billable item: meetings, tasks, even time on email & research. Get bills out in just one click.

Actionstep Legal Accounting is a cloud-based financial management solution for midsize law firms. Manage legal accounting, trust accounts, time tracking, billing, payments, and financial reporting in one platform with built-in financial controls and integrations.

  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials
  • Platforms supported
  • Web-based
  • iPhone app
  • Android app
  • Windows Phone app
  • Typical customers
  • Freelancers
  • Small businesses
  • Mid size businesses
  • Large enterprises
  • Customer support
  • Phone
  • Online
  • Knowledge base
  • Video tutorials

Video & Screenshots

Pricing

Starting from

49

/user

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

Starting from

99

/user

Per month

  • Free trial available
  • Credit cardless trial
  • Free account
  • Subscription based

User reviews

4.6

349

5

4

3

2

1

260

66

12

4

7

  • Value for money
  • Ease of use
  • Features
  • Customer support
89%
would recommend this app

4.5

104

5

4

3

2

1

64

33

2

4

1

  • Value for money
  • Ease of use
  • Features
  • Customer support
81%
would recommend this app

Pros

“CosmoLex delivers incredible value for money by combining practice management, legal accounting, and invoicing into one secure cloud platform.”
Verified reviewer profile picture

Matteo V.

Legal assistant

“Built-in three-way reconciliation and strict compliance features give peace of mind that IOLTA/trust accounts are handled correctly, preventing costly accounting errors while streamlining monthly reporting.”
Verified reviewer profile picture

Gary A.

Founder CEO

“The built-in bank reconciliation and process automation features make tracking trust accounts and automating client billing effortless.”
Verified reviewer profile picture

Matteo V.

Legal assistant

Pros

“Overall the customer service, look and functionality and just overall experience has been the best I have had from the like 8+ legal accounting software out there.”
Verified reviewer profile picture

Holly P.

Partner

“That said, that WILL be changing soon via thier partnership with Actionstep.”
Verified reviewer profile picture

Holly P.

Partner

“I also like that it allows me to see my productivity level and allows me to compare my dockets for the existing month to my past dockets.”
SA

Shida A.

Lawyer

Cons

“The user interface can feel somewhat cluttered and dated compared to newer, cloud-first competitors like Clio or MyCase.”
Verified reviewer profile picture

Gary A.

Founder CEO

“The interface feels a bit dated, and the initial setup for trust accounting requires a slight learning curve.”
Verified reviewer profile picture

Manfredi G.

Administrator

“I bought this product and was immediately put into NextGen and the banking features I need for IOLTA trust accounting are not available. How can this be?”
KK

Kathleen K.

CFO

Cons

“Only problems I have had in in regards to closing files errors and the time summary not lining up on the final invoices”
HN

Helen N.

Legal Assistant

“Log in delays and also freezing when finalizing invoices”
JP

Jordanna P.

Legal Assistant

“Printing is somewhat cumbersome with too many clicks on buttons.”
KC

KIM C.

BOOKKEEPER

  • Vendor responds to reviews
  • Last review2 months ago
  • Vendor responds to reviews
  • Last review2 years ago

Key features

  • Total features102
  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Accrual Accounting
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Archiving & Retention
  • Asset Accounting
  • Audit Management
  • Audit Trail
  • Automated Receipt Matching
  • Automatic Backup
  • Automatic Billing
  • Bank Reconciliation
  • Batch Processing
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Rate Management
  • Budget Tracking
  • Budgeting/Forecasting
  • Built-in Accounting
  • Bulk Send
  • CRM
  • Calendar Management
  • Calendar Sync
  • Case Management
  • Case Notes
  • Chart of Accounts
  • Check Writing
  • Client Management
  • Client Portal
  • Collaboration Tools
  • Compliance Management
  • Compliance Tracking
  • Conflict Management
  • Contact Database
  • Contact Management
  • Contingency Billing
  • Contract/License Management
  • Court Rules-Based Scheduling
  • Credit Card Processing
  • Cross Ledger Posting
  • Customer Database
  • Customer Statements
  • Customizable Fields
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Docket Management
  • Document Automation
  • Document Capture
  • Document Classification
  • Document Generation
  • Document Management
  • Document Storage
  • Document Templates
  • Duplicate Detection
  • Electronic Payments
  • Electronic Signature
  • Email Management
  • Employee Management
  • Expense Claims
  • Expense Tracking
  • Fee Calculation & Posting
  • File Encryption
  • File Management
  • File Sharing
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • For Family Law
  • For Lawyers
  • For Legal Professionals
  • For Small Businesses
  • General Ledger
  • Hourly Billing
  • Income & Balance Sheet
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Journal Entry Processing
  • Legal Case Management
  • Microsoft Outlook Integration
  • Mobile App
  • Multi-Currency
  • Multi-Location
  • Online Invoicing
  • Payment Processing
  • Payroll Management
  • Project Management
  • Purchase Order Management
  • Real-Time Data
  • Real-Time Reporting
  • Receipt Management
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • SSL Security
  • Sales Tax Management
  • Scheduling
  • Search/Filter
  • Secure Data Storage
  • Staff Calendar
  • Status Tracking
  • Summary Reports
  • Task Management
  • Task Progress Tracking
  • Task Scheduling
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timer
  • Transaction Management
  • Trust Accounting
  • Two-Factor Authentication
  • Version Control
  • Workflow Automation
  • Workflow Management
  • Total features97
  • API
  • Access Controls/Permissions
  • Accounting
  • Accounting Integration
  • Accounts Payable
  • Accounts Receivable
  • Accrual Accounting
  • Activity Dashboard
  • Activity Tracking
  • Alerts/Notifications
  • Approval Process Control
  • Archiving & Retention
  • Asset Accounting
  • Audit Management
  • Audit Trail
  • Automated Receipt Matching
  • Automatic Backup
  • Automatic Billing
  • Bank Reconciliation
  • Batch Processing
  • Billable Items Tracking
  • Billing & Invoicing
  • Billing Rate Management
  • Budget Tracking
  • Budgeting/Forecasting
  • Built-in Accounting
  • Bulk Send
  • CRM
  • Calendar Management
  • Calendar Sync
  • Case Management
  • Case Notes
  • Chart of Accounts
  • Check Writing
  • Client Management
  • Client Portal
  • Collaboration Tools
  • Compliance Management
  • Compliance Tracking
  • Conflict Management
  • Contact Database
  • Contact Management
  • Contingency Billing
  • Contract/License Management
  • Court Rules-Based Scheduling
  • Credit Card Processing
  • Cross Ledger Posting
  • Customer Database
  • Customer Statements
  • Customizable Fields
  • Customizable Invoices
  • Customizable Reports
  • Customizable Templates
  • Data Import/Export
  • Docket Management
  • Document Automation
  • Document Capture
  • Document Classification
  • Document Generation
  • Document Management
  • Document Storage
  • Document Templates
  • Duplicate Detection
  • Electronic Payments
  • Electronic Signature
  • Email Management
  • Employee Management
  • Expense Claims
  • Expense Tracking
  • Fee Calculation & Posting
  • File Encryption
  • File Management
  • File Sharing
  • Financial Analysis
  • Financial Management
  • Financial Reporting
  • For Family Law
  • For Lawyers
  • For Legal Professionals
  • For Small Businesses
  • General Ledger
  • Hourly Billing
  • Income & Balance Sheet
  • Invoice Creation
  • Invoice History
  • Invoice Management
  • Invoice Processing
  • Journal Entry Processing
  • Legal Case Management
  • Microsoft Outlook Integration
  • Mobile App
  • Multi-Currency
  • Multi-Location
  • Online Invoicing
  • Payment Processing
  • Payroll Management
  • Project Management
  • Purchase Order Management
  • Real-Time Data
  • Real-Time Reporting
  • Receipt Management
  • Reminders
  • Remote Access/Control
  • Reporting & Statistics
  • Reporting/Analytics
  • SSL Security
  • Sales Tax Management
  • Scheduling
  • Search/Filter
  • Secure Data Storage
  • Staff Calendar
  • Status Tracking
  • Summary Reports
  • Task Management
  • Task Progress Tracking
  • Task Scheduling
  • Tax Management
  • Third-Party Integrations
  • Time & Expense Tracking
  • Time Tracking
  • Timer
  • Transaction Management
  • Trust Accounting
  • Two-Factor Authentication
  • Version Control
  • Workflow Automation
  • Workflow Management

Integrations

  • Total integrations7
  • Box
  • Chrometa
  • Docusign
  • Dropbox
  • Google Calendar
  • LawToolBox
  • Microsoft 365
  • Microsoft Outlook
  • NetDocuments
  • VXT
  • Xero
  • Zapier
  • Total integrations6
  • Box
  • Chrometa
  • Docusign
  • Dropbox
  • Google Calendar
  • LawToolBox
  • Microsoft 365
  • Microsoft Outlook
  • NetDocuments
  • VXT
  • Xero
  • Zapier

Alternatives

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