Contingency fee closing statement
Your figures · results update as you work.
The matter
The recovery and the fee
The percentage, and whether it comes before or after costs, are in the fee agreement.
Costs the firm advanced
Repaid to the firm out of the recovery.
None entered.
Liens and other payments
Medical liens, insurer and benefit reimbursements, anything paid to someone else out of the recovery. Enter what was claimed when it was negotiated down.
None entered.
Enter the amount recovered.
Arithmetic on the figures you enter. Whether the fee is reasonable, which liens must be paid and how much, and what your state requires a closing statement to show are for the lawyer.
How it is worked
The fee is your percentage of the whole recovery, or of the recovery after costs are repaid, as your fee agreement says. A reduction you agreed to comes off the fee. Costs and liens are listed one by one, and the client’s net is the recovery less each rounded line, so the printed statement always adds up.
ABA Model Rule 1.5(c), and most states’ versions of it, ask for a written statement at the end of a contingent-fee matter showing the outcome, the remittance to the client and how it was worked out. Check what your state’s rule adds. Nothing you type is saved or sent anywhere.
Keep it with the file
In a Fylely workspace each case keeps its settlement worksheet, negotiation history, costs, trust ledger and deadlines together.
No credit card. The calculators on this site stay free either way.