Set up Billing for Personal Injury

Even if your fees are earned on a contingent basis, rather than hourly, LiraDocs will still be crucial in managing your practice’s billing. You can use LiraDocs to send invoices for firm costs (expenses) and print checks for disbursement of settlement funds. Additionally, invoicing for your portion of the settlement ensures that accurate Profitability Reports are generated.

How to Handle Settlement Disbursement

You can easily track the settlements received and disburse the funds directly from LiraDocs. Follow these steps:

1. Deposit Funds into the Matter’s Trust Account
   First, deposit the funds into the matter’s trust account within LiraDocs. (Check for information on how to deposit funds into a trust account.)
2. Disburse the Funds
   Once the funds are available in the trust account, you can then cut checks to your client, medical providers, and lien holders. (Learn more about Trust Payments and Check Printing in LiraDocs.)
3. Create an Invoice for Remaining Costs and Your Portion
   When you’re ready to take your portion of the settlement, it’s important to create an invoice for any remaining advanced costs (expenses) and your portion of the settlement.
   • This invoice is for internal use only and will mark expenses as paid.
   • The income data from the invoice will allow LiraDocs to generate meaningful Profitability Reports for your firm.

Set up Hourly Billing

If your firm bills hourly, you can choose the hourly billing type in LiraDocs by going to the Billing tab in the Info Section of the matter:

1. Open the matter in LiraDocs.
2. Go to the Billing section.
3. Select Hourly Billing and set the appropriate rate.

You can also access this setting through the web app by selecting the Edit Matter button.