CosmoLex

Practice management with built-in legal accounting from US$49 a month

Overview

CosmoLex combines practice management with built-in legal accounting, so small firms can manage matters, billing, trust accounting and the firm’s own books in one system. It publishes three plans per user per month: Launch at US$49, Core at US$99 and Pro at US$129, with yearly billing saving US$120 per user.[6]

Features listed across its plans include time tracking and invoicing, flexible billing and retainers, online payments, LEDES and split billing, trust accounting and ledgers, compliance reporting, bank reconciliation, matter management, a client portal, matter budgets, lead capture and intake, document editing and assembly, and AI document summaries, filters and an AI intake form builder. The Pro plan appears to add advanced compliance reporting, general ledger and payables, bank feeds, online scheduling and calendar sync, intake workflow automation and an open API.[6]

Add-ons include CRM, websites, Google Ads and LexShare and LexSign, which may carry extra fees.[6] CosmoLex suits small firms that want to replace separate accounting software. Its feature-by-plan table is not fully clear on the public page, so firms should confirm which accounting functions are in each tier.

CosmoLex features

  • Built-in trust and business accounting
  • Bank reconciliation
  • LEDES and split billing
  • AI document summaries
  • General ledger and payables (Pro)
  • Open API (Pro)
  • Bank reconciliation and compliance reports
  • Matter budgets and dashboards

CosmoLex pricing

Launch US$49/user/month; Core US$99; Pro US$129 (monthly); yearly billing saves US$120 per user. Add-ons: CRM, websites, Google Ads, LexShare/LexSign.

CosmoLex strengths and limitations

Strengths

  • Accounting built in
  • Published prices
  • Compliance reporting
  • AI features included
  • Accounting and practice management in one ledger
  • Stated SOC 2 Type 2 and PCI DSS

Limitations

  • Plan inclusions not clearly shown
  • Some functions only on Pro
  • Add-ons can carry extra fees
  • Tier contents unclear on pricing page
  • CRM and eSign are add-ons
  • Trial limited to one bank feed

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