The practice management platform CosmoLex has been approved by the Law Society of Alberta as a software vendor for its Electronic Trust Transaction Reporting Program.

The approval means that the Law Society has certified CosmoLex as compatible and in compliance with its requirements for uploading trust transaction data. The Law Society requires law firms to upload this data so that it can audit billing and trust accounting transactions.

CosmoLex is only the fourth company to obtain this approval. The others are LexisNexis PCLaw, ESILaw and Clio.

A user guide is available for lawyers interested in using CosmoLex for their data uploads, as well as for the other approved software vendors. A frequently asked questions document on CosmoLex’s trust accounting features is also available.

Last October, CosmoLex released a version of its software designed for Canadian law firms and hosted at a data center located in Canada. The software automatically generates the annual trust safety accounting upload, which can then be submitted to the Law Society.

Photo of Bob Ambrogi Bob Ambrogi

Bob is a lawyer, veteran legal journalist, and award-winning blogger and podcaster. In 2011, he was named to the inaugural Fastcase 50, honoring “the law’s smartest, most courageous innovators, techies, visionaries and leaders.” Earlier in his career, he was editor-in-chief of several legal publications, including The National Law Journal, and editorial director of ALM’s Litigation Services Division.