CosmoLex is cloud-based legal practice management software with built-in trust and business accounting, billing, time tracking, and document management.
Category
Legal
Pricing
Subscription (per-user/month), from $89/user/month (billed annually)
Verified
Not yet
Last updated
July 18, 2026
Founded
2013
Headquarters
Knoxville, Tennessee, USA (ProfitSolv parent company)
Web AppiOSFree TrialAndroid
Overview
CosmoLex is cloud-based legal practice management software founded in 2013 by Rakesh Kabra, built around fully integrated trust and business accounting rather than requiring a separate bookkeeping tool. It was acquired by Tabs3 Software in 2018 and now operates as part of ProfitSolv, headquartered in Knoxville, Tennessee.
The platform combines matter management, billing, time tracking, document management, and calendaring with a native general ledger and IOLTA-compliant trust accounting in a single web-based application.
Key Features
CosmoLex's trust accounting module enforces state bar compliance requirements including three-way reconciliation between the trust ledger, bank statement, and client ledger balances, reducing the risk of accidental non-compliance with client-fund handling rules.
Additional features include conflict-of-interest checking, matter status boards and workflow automation, customizable data views, a mobile app, document management, and integrated online payment processing through CosmoLexPay.
Pricing
CosmoLex is priced per user per month across Standard, Elite, and Elite plus Website tiers, starting around $89 per user per month billed annually (or roughly $99 monthly billed month-to-month).
Add-ons include CosmoLex CRM at around $147/month annually for up to three users and CosmoLex Websites at around $149/month annually, with a 10-day free trial available for the core platform.
Key Features
Integrated Trust and Business Accounting — A native general ledger and IOLTA-compliant trust accounting system built directly into the practice management platform, eliminating the need for a separate bookkeeping tool.
Three-Way Trust Reconciliation — Automatically reconciles the trust ledger, bank statement, and client ledger balances to help firms stay compliant with state bar trust accounting rules.
Conflict Checking — Flags potential conflicts of interest before a new matter is opened.
Matter Management with Custom Fields — Configurable matter templates and custom fields adapt the platform to different practice areas.
Matter Workflows and Status Automation — Elite-tier workflow automation with dependent task and event logic and matter budgets.
Time and Expense Tracking — Tracks billable time and expenses directly tied to matters for accurate client billing.
Online Payments — Accepts credit card, debit card, and eCheck payments through the CosmoLexPay add-on.
Document Management and Mobile App — Centralized document storage tied to matters, accessible from a native mobile app.
Pros & Cons
Pros
Fully integrated general ledger and trust accounting eliminates the need for a separate bookkeeping tool like QuickBooks
Built-in three-way trust reconciliation helps firms stay compliant with strict IOLTA/state bar rules
100% cloud-based with no local software installation required
10-day free trial with full functionality available before subscribing
Cons
Core plan pricing (Standard/Elite tiers) is not fully published and can require checking current rates directly
CRM and website-building functionality are priced as separate add-ons rather than included in the base plan
Smaller ecosystem of third-party integrations than category leader Clio
Trial is limited to 10 days and restricts some features like bank feed connections
Pricing
Standard From $89/user/month (annual) / $99/user/month (monthly) Monthly or Annual
Elite Custom (higher than Standard) Monthly or Annual
Elite + Website Custom (higher than Elite) Monthly or Annual
CosmoLex is used by law firms for practice management, combining case/matter management, trust and business accounting, billing, time tracking, and document management in one cloud-based platform.
Does CosmoLex include trust accounting?
Yes. CosmoLex has built-in IOLTA-compliant trust accounting with three-way reconciliation between the trust ledger, bank statement, and client ledger balances.
How much does CosmoLex cost?
CosmoLex starts around $89 per user per month when billed annually (or about $99 per user per month billed monthly), with Elite and Elite plus Website tiers priced higher and add-ons like CRM and Websites priced separately.
Is there a free trial?
Yes. CosmoLex offers a 10-day free trial with full functionality, though some features such as bank feed connections are limited during the trial.
Who owns CosmoLex?
CosmoLex was acquired by Tabs3 Software in 2018 and now operates as part of ProfitSolv, a portfolio of software solutions for professional services firms headquartered in Knoxville, Tennessee.
How is CosmoLex different from Clio?
Unlike Clio, which typically integrates with an external accounting tool like QuickBooks, CosmoLex includes a native general ledger and trust accounting system built directly into the practice management platform.