Personal Injury Settlement Calculator
Comprehensive settlement management for PI
Simplify complex settlement processes with an all-in-one platform
CloudLex’s Personal Injury Settlement Calculator eliminates complexity by replacing outdated methods like spreadsheets or physical calculators so you can effortlessly track offers, demands, negotiations, fees, expenses and more.
Personal Injury Settlement Calculator
Effortless management and streamlined calculations
Manage demands and offers with ease
Attorneys can now manage all their demands and offers in one place. Track offers, payment requests and expenses for each plaintiff. Calculate attorneys’ fee recovery, client recovery and even attorney referral fees for each offer or counteroffer received and/or accepted.
Comprehensive management of negotiations
CloudLex offers a unified platform to manage settlement demands, offers and negotiations for all your clients. Access information on adjusters’ offers, payment requests, expenses and more, empowering your staff to stay informed.
Automatically Retrieve Liens, Medical and Expenses for Settlement Calculation
Eliminate the need for manual data entry of expenses, liens and medical bills. With CloudLex’s expense management for law firms, expenses are instantly brought into the settlement calculation, ensuring accuracy, saving time and minimizing the risk of errors.
Personal Injury Settlement Calculator
PI firm settlement process made simple
Maximize settlements with accurate reporting
CloudLex’s legal data analytics reports enable managing partners and attorneys to analyze settlement amounts, outstanding balances, paid amounts and demands. Stay on top of your firm’s earnings and settlement activities across all cases, ensuring timely follow-up.
Calculate settlement recovery with ease
Simplify the calculation of your clients’ recovery and your firm’s fees. Generate gross and deducted calculations, including expenses, disbursements, liens and medical expenses, to determine the final recovery. Incorporate referral fees as needed.
Matters, settlements, reports… all within the same software
Managing settlements is time-consuming and complex if done manually or in silos. With CloudLex’s Settlement Calculator, everything is tracked and updated in real-time all from within one system – CloudLex, so managing settlements is accurate, easier and more profitable for your firm.
Ensure the right level of trust
CloudLex’s permission levels and access management protects the data behind your matters from client intake through settlement by ensuring the right users have access to the right resources at the right level of trust.
Maximize settlements with precision and ease
Analyze settlement amounts, calculate recovery accurately and manage settlements effortlessly within our settlement calculator. Stay on top of earnings and streamline calculations for efficient and profitable settlement management.
See what your peers are saying about CloudLex!
Easy tracking of expenses and settlement offers
It is truly a comprehensive solution that encourages teamwork. It feels quick and clean to use both in terms of actual speed and the user interface as well. It does everything that I need, and it does it easily/intuitively. Along with the ease of tracking settlement offers and expenses, report generation is also easy and useful.
Daniel Horowitz
The Law Office of Daniel A. Horwitz, Esq. | Attorney
Frequently asked questions
What is a settlement calculator?
The Settlement Calculator helps you manage all the demands and offers in one place for single and even multiple plaintiffs in a personal injury case. It also enables you to track offers, payment requests, and expenses for each injury type.
Our Settlement Calculator intuitively shows attorney recovery and plaintiff recovery for each offer and counteroffer.
How can I log settlement demand and offers in CloudLex®?
With personal injury case management software, You can manage all the demands and offers in one place for single and even multiple plaintiffs in a PI case. You can log offers from adjusters against their plaintiff’s insurance and track payment requests and expenses for each injury type.
CloudLex’s Settlement Calculator intuitively shows attorney recovery and plaintiff recovery for each offer and counteroffer.
Anyone with appropriate access permission can check the stage of the settlement and can also pick up from where the previous attorney had left off.
What are deducted calculations?
For the Deducted calculations, “Expenses & Disbursements” and “Liens & Medical Bills” are subtracted from the total settlement amount first. The attorney fee is then applied to this subtotal, which yields “Attorney Recovery.”
The “Deducted Amount” for “Attorney Recovery” can be calculated using the following formula:
Attorney Recovery = {(Settlement Amount) – {(Expenses & Disbursements) + (Liens & Medical Bills)} * (Attorney Fee Percentage)
If there is an “Attorney Referral Fee,” then the formula is:
Attorney Recovery = [{(Settlement Amount) – {(Expenses & Disbursements) + (Liens & Medical Bills)} * (Attorney Fee Percentage)] * (1 – Attorney Referral Fee Percentage)
What are gross calculations?
For the Gross Calculations, “Attorney Recovery” is calculated by applying the attorney fee to the total settlement amount.
“Expenses & Disbursements” and “Liens & Medical Bills” are then subtracted from the subtotal, which yields the Plaintiff Recovery.
The “Gross Amount” for: “Attorney Recovery” can be calculated using the following formula:
Attorney Recovery = {(Settlement Amount) * (Attorney Fee Percentage)} – {(Expenses & Disbursements) + (Liens & Medical Bills)}
If there is an “Attorney Referral Fee”, then the formula is
Attorney Recovery = [{(Settlement Amount) * (Attorney Fee Percentage)} – {(Expenses & Disbursements) + (Liens & Medical Bills)}] * (1 – Attorney Referral Fee Percentage)
CloudLex provides you insights into your personal injury settlement with an extensive and customizable law firm KPI dashboard. The settlement reports give you matter-specific last recorded demand and offer the total settlement amount so that you can get an overview of matters that settled and their settlement amounts at a glance.
The report also shows you whether the offer or demand was accepted or rejected so that you can filter out the accepted settlement to focus more on the rejected matters to settle them quickly.
The reports give insights into the matters across all stages of the claim and the total amount you paid, and the outstanding amount.
How do I track the settlement for all the matters in CloudLex®?
CloudLex provides you insights into your personal injury settlement with an extensive and customizable law firm KPI dashboard. The settlement reports give you matter-specific last recorded demand and offer the total settlement amount so that you can get an overview of matters that settled and their settlement amounts at a glance.
The report also shows you whether the offer or demand was accepted or rejected so that you can filter out the accepted settlement to focus more on the rejected matters to settle them quickly.
The reports give insights into the matters across all stages of the claim and the total amount you paid, and the outstanding amount.
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