KCS - As a Co-counsel, How Do I Manage Contingency Fee Matters?

Objective:

  • Tracking receipt of funds from another firm when you are acting as co-counsel without using Clio Connect

Environment:

  • Clio Web App

Additional Information:

n/a

Procedure:

  1. Set up an Hourly Matter
  2. Create a Custom Matter Rate of $0.00
  3. Add Time Entries as work is performed
  4. Once the Award has been settled with the other firm, Add a Time Entry with a Duration of "1" and a Rate equal to the funds that will be received.
  5. Create a Bill and Approve it.
  6. Record a Direct Payment on the Bill based on the date that you receive or deposit the funds into your bank account.

 

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