Objective:
- Plan out by Matter and Billing management for contingency fee billing
- Efficiently handle fee collection and award disbursement in a contingency fee case
Environment:
- Clio Web App
Additional Information:
- Your specific workflow may vary from the one outlined in this article
- Time entries added to Contingency Fee Matters are automatically marked down to $0
Answer:
New Clio
- Create the Matter, setting the Billing structure to Contingency fee
- Add relevant expense entries, notes, documents, etc. to the Matter
- When the court issues the settlement award, Update the Award on the Matter page
- Add trust funds, equal to the settlement award, to the Matter
- Generate a Bill for the Matter
- Pay the Bill from the trust account
- Disburse the remaining funds to the client