CosmoLex
FreeAgent
| Feature | CosmoLex | FreeAgent |
|---|---|---|
| Pricing | From $89/mo | From $14/mo |
| Free Plan | ✗ No | ✗ No |
| Rating | 4.3 / 5 | 4.3 / 5 |
| Best For | solo-attorneys, small-law-firms, bookkeeping-challenged-firms, trust-heavy-practices | uk-freelancers, sole-traders, small-businesses, contractors |
| Founded | 2008 | 2007 |
| Practice Management | ✓ | ✗ |
| Legal Accounting | ✓ | ✗ |
| Trust Accounting | ✓ | ✗ |
| Time Billing | ✓ | ✗ |
| Document Management | ✓ | ✗ |
| Client Portal | ✓ | ✗ |
| Invoicing | ✗ | ✓ |
| Expenses | ✗ | ✓ |
| Tax Returns | ✗ | ✓ |
| Bank Reconciliation | ✗ | ✓ |
| Time Tracking | ✗ | ✓ |
| Project Management | ✗ | ✓ |
✓ CosmoLex Pros
- Built-in legal accounting
- Trust/IOLTA compliance
- No need for QuickBooks
- All-in-one platform
✗ CosmoLex Cons
- Interface not the most modern
- Limited third-party integrations
- Steeper learning curve for accounting
✓ FreeAgent Pros
- Great for UK businesses
- HMRC compliant
- Easy invoicing
- Bank feeds
✗ FreeAgent Cons
- UK-focused
- Limited for larger businesses
- No inventory management
The Verdict
CosmoLex is built for solo attorneys and small law firms, with a focus on practice-management and legal-accounting. FreeAgent targets uk freelancers and sole traders and leads with invoicing and expenses.
On pricing, FreeAgent is the clear winner for budget-conscious users — starting at $14/mo compared to $89/mo for CosmoLex. That $75/mo difference adds up quickly for growing teams.
Neither tool offers a free plan, so factor the subscription cost into your decision from the start.
This is a genuinely close comparison. If you can, sign up for both free trials (where available) and run a one-week test with your actual team tasks before deciding.