Joining many other state bar associations nationwide, Tallahassee’s Florida Bar Association (FBA) has signed on as a partner with CosmoLex, a New Jersey-based online legal management firm applying new cloud technology to traditional law office operations.
"CosmoLex is pleased to offer our practice management software as a member benefit of the FBA," CosmoLex CEO Rick Kabra said. "Our bar association partnership allows us to bring value to so many of their members who are looking to remain compliant with Florida bookkeeping requirements."
Designed to help law offices’ productivity and efficiency, CosmoLex enables Florida law firms to administer IOLTA (Interest on Lawyers Trust Accounts) trust accounts in accordance with Florida Bar Rule 5-1.2 trust bookkeeping requirements.
Additionally, the company’s software permits automation of three-way reconciliation processes, allowing practices to remain audit-ready at all times. Time tracking, scheduling and billing tasks also benefit from CosmoLex’s platform, which streamlines documentation of billable hours, accounting oversight and direct practice management.
With corporate offices based in North Brunswick, New Jersey, CosmoLex is now offering a lifetime 10 percent discount on subscriptions for a limited time. Additionally, all Florida Bar Association members and Florida attorneys are eligible to try the service free for 30 days to gauge whether the system is right for their practices.