LawPay Partners with CosmoLex to Provide a Seamless Practice Management and Payment Solution for Legal Professionals
North Brunswick, NJ, September 11, 2015—CosmoLex, an industry leader in legal practice management software (est. 2013), has recently announced full integration with the LawPay payment solution. This collaboration has added a valuable feature to the already robust CosmoLex toolset – the ability for law firms to process payments.
These combined solutions present the ultimate efficiency for payments in practice management software. CosmoLex offers time tracking, billing, business accounting, trust (IOLTA) accounting, calendaring, and task & document management. Now with LawPay, users can accept online payments directly within the CosmoLex platform. With full accounting and bank reconciliations within CosmoLex, users never lose the money trail – eliminating the need to juggle several programs.
Back in 2012, CosmoLex was the vision of founder and CEO Rick Kabra, Ph.D. With eight years of experience in developing desktop software for the legal industry, Kabra was excited by the advantages of “the Cloud” to law firms. Now the power and versatility of cloud computing is rolled into one user-friendly solution, redefining daily productivity and what is possible with practice management.
More than just a “merchant account,” LawPay offers legal professionals an effortless way to separate earned and unearned fees to avoid trust account violations when accepting credit card payments. LawPay contractually protects client funds by restricting the ability of any third-party from debiting monies from a Trust or IOLTA account, and is the only payment provider approved and endorsed by over 90 bar associations.