Clio Accounting vs CosmoLex
Clio Accounting
clio.com
CosmoLex
cosmolex.comSide by side
| Figure | Clio Accounting | CosmoLex |
|---|---|---|
| Price from | $49/mo | $49/mo |
| Free plan | — | — |
| Free trial | Yes | Yes |
| Open source | — | — |
| Web | Yes | Yes |
| Windows | Yes | — |
| macOS | Yes | — |
| iOS | Yes | Yes |
| Android | Yes | Yes |
| API | Yes | — |
| Plans published | 4 | 3 |
| Spec score · Trust Accounting Software | 9.2 (#1) | 8.9 (#2) |
| Spec score · Law Firm Accounting Software | 9.2 (#1) | 8.9 (#2) |
| Spec score · Legal Trust Accounting Software | 9.2 (#3) | 8.9 (#4) |
| Founded | 2008 | 2013 |
| Headquarters | Vancouver, Canada | West Palm Beach, Florida, United States |
| Integrations | Clio advertises more than 250 app integrations, including QuickBooks, Xero, OneDrive, Google Drive, Dropbox, Box, NetDocuments, Gmail, Outlook, and Zapier. | Official integrations cover Gmail, GSuite, Apple Mail, Yahoo Mail, Outlook, Box, Dropbox, Google Drive, NetDocuments, OneDrive, Google Calendar, Office 365 Calendar, LawPay, and Zapier. |
| Reporting | The product provides financial insights, cash-flow views, vendor and expense management, and tax-reporting outputs. | The platform provides more than 100 real-time reports for financial visibility. |
| Security controls | Clio says data is encrypted with TLS 1.2 or higher in transit and AES-256 at rest, with geo-redundant AWS hosting and monitored backups. | Plans include SOC 2 Type 2 controls, encryption in transit and at rest, and two-factor authentication. |
| Support | Every plan includes 24/5 live chat, phone, and email support, an online help center, user community access, and training. | Every plan includes onboarding, a knowledge base, group training classes, and support by phone, chat, or email. |
| Target firms | Clio says Accounting is most suitable for solo lawyers and firms with up to four attorneys. | The product is built for modern small and mid-sized law firms. |
| Trust accounting | It separates earned and unearned funds, reconciles trust and operating accounts, and provides trust ledgers and reconciliation reports. | Yes |
| Trust compliance | It keeps earned and unearned funds separate, reconciles trust and operating accounts, and provides reconciliation and ledger reports. | Trust accounting includes three-way reconciliation and detailed audit trails. |
Plans
Clio Accounting
- Starter$49 a month
- CorePriced on request
- ElitePriced on request
- SignaturePriced on request
In their own words
Clio Accounting
Clio Accounting is legal and trust accounting software for legal professionals and law firms. It provides a system of record for firm finances and automates financial workflows, transaction matching, and reconciliation. The software keeps earned and unearned funds separate, reconciles trust and operating accounts, and provides ledger and reconciliation reports. Financial features include accounts receivable and payable, vendor and expense management, cash-flow oversight, and tax reports; bank transactions are matched to the firm's books automatically. Accounting is included with Clio plans from Starter upward, but it cannot be bought on its own and requires a Clio Manage subscription. Starter is listed at $49 a month, billed per user, and includes Clio Manage, legal accounting, and trust and operating reconciliation. Clio supports more than 250 app integrations, including QuickBooks and Xero, and offers an API for custom integrations and workflow automation. It is available on web, Android, iOS, and through an API. Clio was founded in 2008 and is headquartered in Vancouver, Canada.
CosmoLex
CosmoLex is cloud-based law practice management software for small and mid-sized firms. It brings matter management, trust and business accounting, time tracking, billing, payments, email and document management, tasks, and calendaring into one application. Emails, tasks, events, documents, billable items, and transactions are attached to their client matter. Each plan includes a secure client portal, and teams can use multiple accounts, role-based permissions, custom workflows, and real-time collaboration. Trust accounting includes three-way reconciliation and audit trails, alongside more than 100 real-time reports. Security provisions include SOC 2 Type 2 certification, encryption in transit and at rest, and SMS two-factor authentication. CosmoLex integrates with services including Microsoft 365, QuickBooks Online, Dropbox, and Zapier; Zapier connects it with over 4,000 applications. It runs on the web, Android, and iOS. Plans start at $49 a month per user. The 10-day trial requires no credit card, but has one bank-feed connection and excludes CRM and LexShare/LexSign add-ons.