Clio Payments vs CosmoLex

Clio Payments is an online payment processor built into Clio Manage for law firms. Clients can pay by credit or debit card, eCheck, digital wallet or Pay Later with Affirm through a firm website, secure client portal, text, tap to pay or QR code. Firms can set payment plans and recurring payments, store client card and eCheck details, and configure Autocharge triggers based on fee agreements. Payments are associated with client bills, recorded in Clio and synced to the firm's accounting platform. Clio says payments can go to trust or operating accounts, earned and unearned fees stay separate, and processing fees are not debited from IOLTA accounts. Listed transaction rates are 1% for eCheck and ACH, 2.95% for cards (3.75% for Amex), and 4.95% for Pay Later with Affirm. Online payments are included in Clio Manage subscriptions, with transaction fees applying. Availability is listed in the United States, Canada, United Kingdom, Ireland, Australia and Puerto Rico; eCheck is limited to US customers. A seven-day trial is available.

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.