Manage demands and offers
With CloudLex®, attorneys can manage all their demands and offers in one place. Track offers, payment requests, and expenses for each plaintiff. Our built-in Settlement Calculator intuitively calculates your attorneys’ fee recovery, client recovery, and even attorney referral fees for each offer or counteroffer received and/or accepted.
Log Negotiations
CloudLex makes it easy to log your negotiations and track your negotiation history with adjusters. The same way adjusters are doing it to you on the backend; you can now kindly return the favor.
Reports
Stay on top of your settlements by utilizing our firm-wide settlement reports to analyze settlement amounts, outstanding amounts due, total paid amounts received, along with outstanding demands and offers, so you can maximize your settlements.
“After evaluating several different litigation management systems, our firm decided on CloudLex. We could not be more pleased. CloudLex has been and continues to be a great asset for our firm. CloudLex keeps us organized and helps us to communicate better with each other and our clients. It is easy to use and the customer service is excellent. In the early days, we made suggestions and changes were integrated into the system to address our concerns. We are thankful to have CloudLex as a partner for our practice.”
Tom Gallivan
Gallivan & Gallivan | New York
Personal Injury Settlement Calculator FAQs
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, 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)
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 in 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.
