Overview
Law firms now have the ability to set percentages for allocating fee collections to originators and working members as general business rules for the firm, as well as for matter specific overrides.
How To Setup Allocation Fee Percentages For The Firm
Firm administrators will have the ability to setup allocation fee percentages at the firm level which will serve as default configuration for all matters. These configuration settings can be overridden at the matter level as well.
In the upper right corner, click on your name and a drop down will appear.
Choose "Firm Settings".
You will be redirected to the Firm Settings page.
Click on the "Configurations" tab.
On the Configurations page, on the left sidebar, click the "Allocation Arrangements" tab.
On the Allocation Arrangements page, you will see a list of all your allocation fees for originators and working members.
Click the "Add Allocation Setting Line" button.
Fill in the Line Type. Options are Matter Originator or Charge Member.
Select Firm Member from Member dropdown list.
Enter Percentage of fees to be collected.
Select start invoice date (optional).
Select end invoice date (optional).
Select "Working On Case?" if necessary.
Click "Save".
Once you have set up your allocation arrangement, you can add more for your team.
Allocation Setting Rules
Allocation Fee Percentages will be applied when charges are entered for that member or when that member is the originator of a matter.
The invoice date options are an extra filter to only apply the arrangement line when the invoice falls in that range.
The "Working On Case?" option is only applicable for matter originator type, it allows the option to not create the allocation unless the user actually has a charge on the invoice.
View Allocation Arrangement Report
Once you have billed invoices and received payments for those invoices, you will be able to run the Allocation Arrangement Report to view the collections for each member.
Next, learn how to Setup A Soft Cost Expense For Percentage Of Invoice Fees