Get all of your contingency matter data in one place. Understand your costs, expenses and time.
Contingency cases place pressure on your firm and attorneys to not only win the case, but to maximize productivity and accurately track time and costs.
LeanLaw helps your attorneys balance time and resources to make sure the matter is profitable in the long run. We do this with easy-to-access and transparent data.
Track time spent on a case and check hours worked against the potential percentage the firm can earn.
Track advanced costs and interest charges so your firm can be reimbursed by money recovered for the client.
Stop guessing where you can be more effective. Let the data be your guide.
Contingency Matters
Give clients with moderate means the ability to seek counsel and assert their claims, while maximizing attorney efficiency.
Track individual tasks and expenses to determine if client case outcome will align with attorney incentive and firm profitability.
Automate the tracking of non-fronted costs that affect the settlement and monitor staff utilization per contingency case to maintain your firm’s profitability.
When your contingency workflow is dialed in, you can offer counsel to more clients while maximizing efficiency.
Yes, you can set a specific contingency fee percentage for each case. And if it changes, you can make that happen as well.
Yes, LeanLaw gives you various reports for contingency cases: Expense Period statements, Interest on Expenses, timekeeper reports, Fixed Fee profitability report, contingency statements, and more.
Yes, although you won’t bill for time in the traditional sense with contingency cases, tracking time can provide insights into the profitability of these types of cases.
All advanced client costs (hard costs) associated with the case (medical records, police reports, filing fees, etc.) should be recorded in QuickBooks Online either via a check, expense (if paid with a credit card) or bill (if you have not yet paid the vendor). By assigning these costs to the account category set up in your LeanLaw expense sync (usually called Advanced Client Costs, Advanced Client Expenses, etc.) they will flow into LeanLaw as a case expense.
Billable expenses (soft costs) like administrative fees, copying fees, etc. should be entered in LeanLaw.
Yes, you can create custom fields in either LeanLaw or QuickBooks Online and they will sync in real-time.
See invoices paid 70% faster with LeanLaw’s streamlined accounting workflows. Boost collections and increase your cash flow. LeanLaw is the alternative to law practice management software.
