Making sure everyone receives their share of compensation for a case can be time consuming. Tabs3 Billing helps make it easier via fee compensation rules!
Fee compensation rules provide the ability to allocate a percentage of a client’s fee receipts to the firm or to a specific primary, secondary, or originating timekeeper. You can allocate receipts from all timekeepers, specific timekeepers, or timekeeper levels (e.g., Associate, Paralegal, etc.). You can also define how to allocate receipts based on statement date or amounts.
To set up fee compensation rules
The rules have incredible flexibility. Each table can include multiple rules. You can create rules for multiple originating, primary, and secondary timekeepers as well as multiple rules for the same timekeeper. Each rule can be moved up or down in the table to define the order of compensation. For example, if you want the firm to receive compensation before a timekeeper receives compensation, the firm rule must be displayed first. Once a payment has been allocated based on all defined rules, any remainder is distributed amongst the working timekeepers on a pro-rated basis.
Examples of fee compensation rules can be found in the Tabs3 Billing Help topic “Examples of Fee Compensation Rules.”
Comments are closed.