CosmoLex vs PracticePanther

by Gralio Feb 05, 2025

CosmoLex and PracticePanther are both cloud-based law practice management solutions, but they cater to different needs. CosmoLex excels in integrated accounting and trust management, while PracticePanther offers a smoother user experience and wider integration options. Choose CosmoLex if built-in accounting is paramount, and PracticePanther if ease of use and flexible integrations are more important.

At Gralio.ai we help to simplify your decision-making process by offering detailed, side-by-side software comparisons like this one, to help you confidently choose the tool that aligns with your business goals.

This comparison was created by analysing 761 reviews and 60 websites, saving 4 hours, 43 minutes of reading.

CosmoLex

Website LinkedIn Twitter

PracticePanther

Website LinkedIn

About

CosmoLex is a cloud-based software designed specifically for law firms. It combines case management, time tracking, billing, and accounting into a single platform. It aims to simplify legal operations from client intake to payment processing. CosmoLex includes features like document management, secure communication, legal CRM, and reporting tools to help law firms increase efficiency and profitability. Notably, it offers built-in trust accounting, eliminating the need for separate software like QuickBooks.

PracticePanther is a cloud-based practice management software designed for law firms of all sizes. It offers a suite of features to help manage cases, clients, billing, and daily operations. PracticePanther aims to streamline workflows through automation, from client intake to document management and e-signatures. Key features include time tracking, online payments, automated reminders, and a client portal for secure communication. Its intuitive interface and robust functionality make it a popular choice for legal professionals seeking to boost efficiency and improve client service.

Summary

Main difference

CosmoLex is a better choice for firms needing robust accounting and trust management built directly into their practice management software. PracticePanther offers a more user-friendly experience and broader integrations, making it suitable for firms prioritizing ease of use and connectivity with other tools.

Relative strengths of CosmoLex (compared to PracticePanther)

Integrated trust accounting simplifies financial management.
Stronger customer support provides reliable assistance.
Focus on legal-specific features caters to the needs of law firms.

Relative weaknesses of CosmoLex (compared to PracticePanther)

Less user-friendly interface can be challenging for some users.
Limited third-party integrations restrict connectivity with other tools.
Reports are less customizable and may not provide all necessary metrics.

Who should use CosmoLex VS. PracticePanther

CosmoLex is a cloud-based legal practice management software that combines case management, time tracking, billing, and accounting into a single platform. Users praise its integrated platform and built-in trust accounting, while some find the UI slow and reporting limited. It's best for small to mid-sized firms seeking an all-in-one solution.

PracticePanther is a user-friendly, cloud-based practice management software ideal for law firms of all sizes. It streamlines workflows from client intake to document management. Users praise its comprehensive features and reporting capabilities. However, some users have reported slow customer support and a difficult-to-navigate mobile app.

Best fit for solo practices and small to mid-sized law firms.
Ideal for legal practices seeking an all-in-one solution.

Best fit for small law firms, but suitable for medium and enterprise firms as well.
Specifically designed for law firms to manage cases, clients, billing, and operations.

CosmoLex and PracticePanther features

Supported

Partially supported

Not supported

Type in the name of the feature or in your own words tell us what you need

Case Management

Supported

CosmoLex directly supports case management, providing tools to organize, track, and manage cases.

Supported

PracticePanther offers robust case management features like tracking, organization, and client communication.
Billing and Payments

Supported

CosmoLex offers integrated billing, automated tools, and online payment processing.

Supported

PracticePanther offers efficient billing and payment tools, including recurring billing and online payments.
Accounting

Supported

CosmoLex supports managing financial records and transactions with features like accrual accounting and a chart of accounts.

Supported

PracticePanther supports managing financial records and transactions, including trust accounting and integrations with QuickBooks.
Client communication

Supported

CosmoLex offers a client portal with secure messaging.

Supported

PracticePanther enables client communication via secure messaging and a client portal, as confirmed by the provided materials.
Form auto-population

Supported

CosmoLex supports form auto-population using document templates and custom fields.

Supported

PracticePanther allows creation of custom intake forms. The information is then synced into the system and used to populate other forms.
Document sharing

Supported

CosmoLex supports document sharing via client portal and LexShare integration.

Supported

PracticePanther enables secure document sharing between clients and attorneys through features like a secure client portal, integrated communication, and cloud storage integration.

Qualities

Value and Pricing Transparency

+0.14

Neutral sentiment

+0

Neutral sentiment
Customer Service

+0.2

Neutral sentiment

No data
Ease of Use

+0.47

Rather positive sentiment

+0.6

Rather positive sentiment
Reliability and Performance

+0.14

Neutral sentiment

+0.5

Rather positive sentiment
Ease of Implementation

No data

No data
Scalability

No data

No data

CosmoLex and PracticePanther Pricing

CosmoLex offers a free trial. SMS messaging and secure document sharing/e-signatures incur additional fees.

Plans

User sentiment

Rather negative

-0.33

See full Pricing page

PracticePanther offers a Solo, Essential and a Business plan. All plans include features such as contact and matter management, time and expense tracking, world-class support, secure client portal and unlimited data storage. A free trial is also available.

Plans

See full Pricing page

CosmoLex and PracticePanther review insights

739 reviews analysed from and

Users love

Integrated case management, time tracking, billing, and accounting in one platform
Built-in trust accounting, eliminating the need for separate software
User-friendly interface for core functionalities
Excellent and responsive customer support
Web-based access, enabling remote work

PracticePanther is praised for its user-friendly interface and ease of use, even for non-tech savvy users.
The platform receives positive feedback for its robust reporting features, particularly for tracking billable hours and managing invoices.
The customer support, while sometimes slow, is generally regarded as helpful and responsive.
Many users appreciate the platform’s comprehensive features, covering most aspects of law practice management.

Users dislike

Slow and glitchy UI, impacting timekeeping and other tasks
Confusing and limited reporting options, lacking key metrics and customization
Cumbersome billing processes, especially for edits and adjustments
Difficult to navigate and unintuitive UI for certain features
Lack of advanced features for specific legal processes, such as referral tracking and multi-party billing

PracticePanther suffers from slow customer support responses, often taking more than 24 hours.
Many users find the mobile app difficult to navigate and lacking in functionality.
Issues with Microsoft Outlook integration, especially calendar and contact syncing, are frequently reported.
Some users have experienced discrepancies with billing and payment plans not being applied correctly.

CosmoLex and PracticePanther Ratings

G2

4.2/5

(306)
Capterra

4.7/5

(338)
TrustPilot

3.8/5

(2)

G2

4.2/5

(104)
TrustPilot

2.9/5

(20)
Glassdoor

4.2/5

(15)

Company health

Employee growth

27% increase in the last year

2% decrease in the last year

Web traffic

46% decrease in the last quarter

28% decrease in the last quarter

Financing

No data

July 2021 - $0

How does each product's reporting functionality compare for trust accounting?

CosmoLex has built-in trust accounting functionality, which is a key feature for law firms. However, user reviews indicate that its reporting options are confusing and limited. PracticePanther, while not specifically mentioning trust accounting features, is praised for its robust reporting capabilities. It's unclear if these reporting features extend to trust accounting needs, requiring further investigation. Therefore, while CosmoLex offers the dedicated functionality, its reporting is weak. PracticePanther has stronger reporting, but it's unknown if it can handle trust account reporting.

Which product offers a more intuitive user interface for daily timekeeping?

PracticePanther offers a more intuitive user interface for daily timekeeping. While CosmoLex users complain of a "slow and glitchy UI" impacting timekeeping, PracticePanther is praised for its user-friendly interface and ease of use. Although both products offer manual time entry, PracticePanther's higher ease-of-use score suggests a smoother, more efficient timekeeping experience.

What are the advantages of CosmoLex?

CosmoLex's advantage lies in its integrated approach, combining case management, time tracking, billing, and accounting, including trust accounting, within a single platform. This eliminates the need for separate accounting software, simplifying financial management for law firms. Users also praise its user-friendly interface for core functionalities and responsive customer support.

What are the disadvantages of CosmoLex?

CosmoLex users report a slow and glitchy user interface, impacting productivity. Reporting options are limited and difficult to customize. The billing process is considered cumbersome, especially for making edits and adjustments. Some features have an unintuitive UI, making navigation difficult. CosmoLex also lacks advanced features for specific legal processes like referral tracking and multi-party billing.

Alternatives to CosmoLex and PracticePanther

Legistify

Legistify is a legal software solution designed for larger companies to manage all their legal needs in one platform. It streamlines and automates tasks like contract management, intellectual property tracking, and legal case management. This software helps businesses save time, minimize risks, and improve efficiency in their legal operations. It also offers data insights and analytics to inform business decisions.

Clio

Clio is a widely-used, cloud-based legal practice management software designed for law firms of all sizes. It offers a suite of tools including case management, billing, client intake, document storage, and calendaring, enabling you to manage your entire practice from one central platform. Clio integrates with popular tools like Microsoft Outlook and Quickbooks, and is lauded for its strong security features and user-friendly interface.

LEAP

LEAP is an all-in-one cloud software for law firms of all sizes. It combines case management, document automation, legal billing, and accounting in a single platform. This helps law firms streamline their operations, improve efficiency, and increase profitability. LEAP also offers features like online payments and integrations with other software like QuickBooks. This allows for better time management, reduced administrative burden, and improved client experience.

CASEpeer

CASEpeer is a cloud-based software designed specifically for personal injury law firms. This easy-to-use platform helps manage cases from intake to settlement, offering tools for task management, reporting, billing, and client communication. CASEpeer aims to streamline law firm operations, improve efficiency, and provide data-driven insights to improve client outcomes. Their focus on user-friendliness and dedicated customer support makes them a popular choice for personal injury attorneys.

TaxDome

TaxDome is an all-in-one practice management platform designed for tax, accounting, and bookkeeping firms of all sizes. It streamlines operations by combining client management, workflow automation, billing, and communication tools into a single platform. With a client portal and mobile app, TaxDome facilitates secure document sharing, e-signatures, and communication, simplifying client interactions. The platform aims to enhance efficiency, improve client relationships, and help firms scale their services.

MyCase

MyCase is legal practice management software that helps law firms organize case details, communicate with clients, and manage billing. It provides tools like calendaring, document storage, time tracking, and client portals. MyCase aims to increase efficiency, streamline operations, and improve client relationships for legal professionals. It is a popular choice for law firms of all sizes and integrates with other common software tools.

Page co-authored by

Michal Kaczor

CEO at Gralio

Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.

Tymon Terlikiewicz

CTO at Gralio

Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.

How are we doing?

Is this information helpful to you? Is there anything we are missing?

Did this help you select your product?

Other issues? Vote & Let us know