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CosmoLex + Attorney at Work Checklist

5 Ways Law Firms Fail at Their Financials

By The Editors

lawyer working on law firm financials

When most of us think about ethics violations, our first thoughts turn to the more well-known issues: embezzlement, misrepresentation, undisclosed conflict of interest. However, small, mundane mistakes in your law firm financials can be just as devastating.

In Five Ways Law Firms Fail at Financialsyou will learn the common missteps law firms make when money changes hands:

  • Setting fees
  • Managing trust accounts
  • Handling basic accounting processes
  • Dealing with credit card fees
  • Recognizing bad data

Download Your Free Checklist

Better understanding these five law firm financial issues will put your firm in a better position to prevent mistakes — and avoid problems with clients and state ethics regulators.

Download “Five Ways Law Firms Fail at Financials” here. 

About CosmoLex

CosmoLex is a cloud-based law practice management software that integrates trust and business accounting, time tracking, billing, email and document management, and tasks and calendaring, in a single application. Trusted by thousands of legal professionals across the U.S. and Canada, CosmoLex is a leader in next-gen legal practice management software. Visit www.cosmolex.com to learn more, book a no-obligation demo, or start a free trial.

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