CosmoLex Releases New Features Exclusively for Canadian Lawyers

USA - English

• USA - English

MONMOUTH JUNCTION, N.J., Feb. 5, 2019 /PRNewswire-PRWeb/ -- For years, prior to CosmoLex, Canadian lawyers have lacked the ability to take advantage of modern cloud technologies to run smart and efficient law practices in the same way as their counterparts from the United States. With the introduction of CosmoLex's Canadian version of their software in 2017, lawyers in Canada have been able to use a legal-specific modern solution to make their practices more efficient, easily scale in size, and increase profits while maintaining Law Society compliance.

Released over the last three months, these additional features create even more opportunity to make a law firm's operations more effective, including:

• An automated transaction levy entry, billing, and payment system. For Ontario and Newfoundland provinces lawyers practicing real estate or litigations, this removes the need to track this compliance item manually.
• An automated Trust Admin Fee system for entry and payment for British Columbia practitioners.
• A full production integration with The Conveyancer to aid real estate practitioners across Canada.
• Major enhancements in CosmoLex's Canada-based data centers which provide real-time backups at multiple locations, all based in Canada.
• The addition of five new CosmoLex partners to assist customers with their bookkeeping and audit preparation tasks.

"We've worked very hard to implement these features in a rapid rollout as part of our commitment to Canadian lawyers," says CosmoLex President, Rick Kabra. "Small firms have the potential to transform their practices and with more than 200 firms switching to CosmoLex in our first year in the market, we're thrilled to see Canadian lawyers embracing the value of a cloud-based program to grow their practice".

CosmoLex's program offers a custom solution designed to address the unique concerns of law firms, including trust accounting compliance, accrual accounting, and disbursements. The software integrates accounting and law practice management into a single software, incorporating safeguards to ensure Law Society compliance and simplifying the typically complex process of law practice management. In order to provide a complete legal technology ecosystem, CosmoLex also provides clients with credit card processing functionality through integration with LawPay.

"Continually updating and improving our product is a top priority for us, and we'll be continuing to keep our clients provided with top of the line technology at all times", says Kabra. "

For more information about CosmoLex or the information included in this press release, please contact Joshua Goldberg at information (at) cosmolex (dot) com.

SOURCE CosmoLex