Comparison
IOLTATrusts vs CosmoLex
for Attorney Trust Accounting
CosmoLex is a full law practice management suite with trust accounting built in. IOLTATrusts is purpose-built for IOLTA trust accounting compliance — and costs a fraction of the price.
Who this comparison is for
Attorneys who already use case management software (Clio, MyCase, or a custom system) and need a dedicated trust accounting tool — without paying for a full practice management suite they don't need.
Pricing Comparison
CosmoLex
$89 – $109/user/mo
Billed annually. Includes full practice management + trust accounting.
A 3-attorney firm pays $267–$327/month for the full suite, whether they use the case management features or not.
IOLTATrusts
$19.99 – $69.99/mo
Flat monthly pricing — not per user. Includes all compliance features.
A 3-attorney firm pays $19.99–$69.99/month for full IOLTA compliance — regardless of headcount.
Feature Comparison
| Feature | CosmoLex | IOLTATrusts |
|---|---|---|
| Three-way reconciliation | ✓ Yes | ✓ Yes |
| Per-client sub-ledgers | ✓ Yes | ✓ Yes |
| Negative balance hard-block | ✓ Yes | ✓ Yes |
| Signed reconciliation reports | ✓ Yes | ✓ Yes |
| Audit report package | ✓ Yes | ✓ Yes |
| Client portal (ledger access) | ✗ No | ✓ Yes |
| QuickBooks Online sync | Separate QBO plan | ✓ Yes |
| Flat-rate pricing (not per user) | ✗ No | ✓ Yes |
| Case management / billing | ✓ Yes | ✗ No |
| Time tracking | ✓ Yes | ✗ No |
| 14-day free trial | ✓ Yes | ✓ Yes |
When CosmoLex Makes Sense
CosmoLex is a strong choice if you want a single platform for case management, time tracking, billing, and trust accounting — and you don't already use another practice management system. Its all-in-one approach eliminates integration complexity. The per-user pricing makes the most sense for larger firms where the per-seat cost is absorbed across many timekeepers.
When IOLTATrusts Makes Sense
IOLTATrusts is the right choice when you already have case management software and just need ironclad trust accounting compliance. You shouldn't have to pay $89/user/month for features you already have elsewhere. IOLTATrusts gives you everything bar rules require — three-way reconciliation, client ledgers, audit reports, negative balance prevention — at a flat monthly rate that doesn't scale with headcount.
It also syncs trust transactions to QuickBooks Online automatically, so your firm accounting stays current without double entry.
Purpose-built IOLTA compliance — without the practice management price tag
IOLTATrusts handles everything bar rules require for your trust account. Plans from $19.99/month — flat rate, not per user.
Start your free 14-day trial →No credit card required.