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Rick Kabra

Dr. Rick Kabra is CEO of CosmoLex and has over 10 years of experience in the legal software industry catering to the specialized technology needs of small to mid-sized law firms. Rick has given numerous seminars and published articles on legal technologies such as law practice technology management, cloud computing, and legal billing & trust accounting compliance.
Lastest from Rick Kabra
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10 Questions Every Legal Accountant Needs To To Answer
Management

10 Questions Every Legal Accountant<br> Needs To Be Able To Answer

Rick Kabra 0
When looking for an accountant for your law firm it is important to consider the unique set of needs and regulations that law firms need to meet when it comes […]
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Management

Bill Early and Often to <br>Improve Your Cash Flow

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In this last piece in our series on improving law practice cash flow (see previous articles), we look at how you bill. It doesn’t do you any good to provide […]
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Management

Increasing Cash Flow Through<br> Improved Billing Procedures

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Improve your cash flow to improve the success of your practice. In the latest in our series on cash flow we want to look at your billing procedures. In particular […]
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Management

10 Common Mistakes <br>In Trust Fund Accounting

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Trust Accounting is a relatively simple accounting process. Unlike most accounting needs there isn’t any profit or loss to track. There is no depreciation or amortization to deal with. You […]
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Management

The Difference Between <br>Operating And Trust Accounts

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Almost all law offices, even solo practices, should have two bank accounts: an operating account and a trust account, also known as an IOLTA account. Roughly speaking the difference is […]
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Management

Improving Your Law Practice <br>Cash Flow With Evergreen Retainers

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Over my next few blogs I want to explore methods I’ve seen successful law firms use to maintain a positive cash flow. Since a healthy cash flow means a healthy […]
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What Your Client Isn't Telling You And Why It's Chasing Away Business
Management

What Your Client Isn’t Telling You <br>& Why It’s Chasing Away Business

Rick Kabra 0
What Your Client Isn’t Telling You And Why It’s Chasing Away Business Have you ever had that friend who doesn’t use enough deodorant? You aren’t quite sure how to broach […]
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Management

How Bullet Proof Conflict Checking <br>Protects Your Practice

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Conflict checking is critical to law firms. Modern billing software for attorneys makes it easy to perform in-depth checks so you can find any conflicts immediately. Attorneys must always act […]
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Management

Don’t Let These “4 Productivity Killers” <br>Eat Into Your Law Firm’s Profits

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While enormous monetary settlements are a favorite topic of movies, we all know that for the most part, legal services come down to billable hours. And though the goal may […]
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Management

Five Cash-Flow Strategies <br>For Solo and Small Law Firms

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Small law practices face the same challenges as large firms but have fewer resources on hand. Big firms can squander money and time on inefficient practices and remain competitive, but […]
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The Four Pillars of Legal Practice Management
Management

The Four Pillars of Legal Practice Management

Rick Kabra 0
Your legal education probably didn’t include a lot of business management courses, and that’s too bad. Small law firms often struggle with practice management and that can sink the business […]
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Don't Make These 10 Billing Mistakes
Management

Don’t Make These 10 Billing Mistakes

Rick Kabra 0
Individuals and businesses are tightening their belts and scrutinizing their legal bills more than ever. Avoid these 10 billing mistakes and you will get paid more promptly. One of the […]
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Understanding the Legal Risks of Cloud Computing
Management

Understanding the Legal <br>Risks of Cloud Computing

Rick Kabra 0
Understanding the Legal Risks of Cloud Computing Cloud computing can bring efficiency and mobility to your legal practice but it can also expose you to new risks. Only by understanding […]
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Why Legal Billing Software Is Crucial To A Successful Practice
Management

Why Legal Billing Software Is <br>Crucial To A Successful Practice

Rick Kabra 0
Why Legal Billing Software Is Crucial To A Successful Practice Your law firm’s profitability will depend heavily on your billing system, and by that we mean everything from your fee […]
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Management

How To Ensure Accurate <br>3-Way Reconciliation Reports

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How To Ensure Accurate 3-Way Reconciliation Reports If you administer trust accounts, and most law offices do in one way or another, then you need to know how to generate […]
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Management

Three Cloud-Based Tools<br> Every Law Practice Needs

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Cloud technologies offer the flexibility, mobility and even the security that a modern law firm requires. Some law firms decide to invest in nas storage for their practice so they […]
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Management

A Buyer’s Guide to <br>Legal Time & Billing Software

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If you’ve shopped for legal billing software you have found that there are many options out there. How do you figure out which solution is the right legal billing program […]
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Management

Should Attorneys Practice From The Cloud?

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The legal industry has been slower than other fields to adopt new technology. For example only 1/3 of practices use legal billing software. Attorneys often prefer to be conservative regarding […]
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