CosmoLex is a technology company that provides cloud-based legal practice management software to small and mid-sized law firms in Canada and the U.S.

Based in New Jersey, CosmoLex offers a platform that allows lawyers to manage and run an entire web-based law practice. The software integrates business accounting, time tracking, billing, calendars, and email and document management, into a single application.

CEO and founder Rakesh Kabra had been developing desktop software for lawyers for eight years before founding CosmoLex in 2012.

Mr. Kabra graduated from the Birla Institute of Technology and Science with both a Bachelor’s degree in electrical engineering in 1991 and a Master’s degree in microelectronics in 1993. He went on to complete a Ph.D. in electrical engineering at the New Jersey Institute of Technology in 1997.

CosmoLex aims to leverage technology to provide a better client experience and to reduce the operational cost of hardware and software. The software helps firms get the most out of their administrative budgets by eliminating the need for multiple programs handling separate tasks, while its web-based nature of the service means lawyers and clerical staff will not need to be tied to a particular computer or location.

CosmoLex adjusted its process to allow the service to match Canada’s unique accounting rules after the Law Society of Alberta asked the company to look at providing its members with a cloud-based option for practice management.

CosmoLex Posts

How can I prevent embezzlement at my law firm?

By Erica Birstler Running an effective law practice means you can’t always be involved in every single detail of the firm’s operations. Read more

How can our firm stay on top of past-due accounts?

By Erica Birstler You work hard for a client and then they never pay your bill, forcing you to follow up in what can be an uncomfortable scenario. Read more

Billing types and time tracking

By Erica Birstler Many lawyers who bill their client on a flat fee or contingency basis often wonder if they need to track their time if the invoice amount isn’t dependent on hours worked. While recording time takes some effort, the business value it provides is well worth it. From maximizing profitability to avoiding malpractice claims, the benefits associated with tracking time regardless of billing type makes it a must. Read more

CosmoLex helps firms sharpen their competitive edge

Time is money and Rakesh Kabra, president of CosmoLex , says his firm’s practice management system is geared to saving lawyers both. Read more

Grow your firm with data-driven decisions

By Erica Birstler . Making data-driven decisions is a powerful tactic that can help any business, including law firms. Basing strategy and initiatives off of numbers and trends makes it much easier to identify challenges, opportunities for growth and keep a competitive edge. In order to see the big picture and make informed decisions, there are key metrics that will give you the critical information you need. Read more

Three billing challenges facing your firm today

By Erica Birstler . Billing is one of the least favourite activities associated with running a law firm, but it’s an absolute must if you want to get paid for the work you’ve done. A few common challenges make it harder than it needs to be. By using the right approach and efficient tools you can make billing easier and create a streamlined process that results in healthy cash flow Read more

Critical law society documents

By Erica Birstler . Getting audited is inevitable and when the time comes you want to be prepared with all of the documents and reports the law society will want to see. While you may know about some of them, you’ll need every single one to pass a spot audit. Read more

Trust accounting safeguards: CosmoLex

By Erica Birstler . Trust accounting is a critical function for law firms, as funds that are not yet earned or disbursed must be handled in compliance with state and federal requirements. Because of this, managing the trust account can seem intimidating. Read more

Batch billing: CosmoLex

By Erica Birstler . Billing is an activity that often takes up the most unbillable administrative time, but it’s an important function because it’s how the firm gets paid. Since billing isn’t going away any time soon, the next best thing is to automate the process as much as possible. Read more

Better business practices for Canadian lawyers

By Erica Birstler . This month, CosmoLex is focusing on overall “better business practices” for lawyers and small law firms. When you’re in charge of a law practice, it can be easy to focus on the clients and your cases, while forgetting that you also have a business to run. There can seem like a lot to manage, so we’re to help with ways you can make the management process easier and enhance your practice at the same time. Read more

Cloud bet pays off for practice management leader CosmoLex

Small and solo law firms can boost bottom lines by combining all of their practice management software in a single cloud-based service, says Rakesh Kabra , president of CosmoLex. Read more