Personal Injury Settlement Calculator
Comprehensive settlement management for personal injury attorneys
Simplify complex settlement processes with an all-in-one platform
CloudLex’s Personal Injury Settlement Calculator reduces the need for outdated methods like spreadsheets or physical calculators. Our intuitive platform empowers you to effortlessly track settlements, including medical costs, non-economic damages, demands, attorney fees, and more, all in one secure system.
Personal Injury Settlement Calculator
Effortless management and streamlined calculations
Manage demands and offers with ease
Attorneys can now manage their personal injury cases by tracking offers, demands, and expenses in one centralized platform. For every injured party, effortlessly calculate attorney fee recovery, client recovery, and even attorney referral fees for each offer or counteroffer received and/or accepted.
Comprehensive management of negotiations
CloudLex’s unified system manages demands, offers, and settlement negotiations across all cases. Access insurance adjusters offers, payment requests, expenses, and more to keep every personal injury attorney up to date on cases.
Automatically retrieve liens, medical and expenses for settlement calculation
Eliminate the need for manual data entry. CloudLex’s expense management feature automatically integrates medical bills, liens, and other expenses into the personal injury settlement calculator, ensuring precise calculations every time.
Personal Injury Settlement Calculator
PI law firm settlements made simple
Maximize settlements with accurate reporting
CloudLex’s legal data analytics reports managing partners and attorneys to track settlement amounts, outstanding balances, paid amounts, and demands. Analyze data to ensure timely follow-up and maximize economic damages recovery.
Matters, settlements, reports… all within the same software
With CloudLex, settlement management is no longer a siloed process. With the Settlement Calculator, everything is tracked and updated in real-time all from within one system – CloudLex, so managing settlements is accurate, easier and more profitable for your firm.
Built for security and trust
CloudLex’s permission levels and access management protects the data behind your matters from client intake through settlement by ensuring the right users have access to the right resources at the right level of trust. From legal advice to final settlements, every stage of your personal injury claim is protected.
Maximize settlements with precision and ease
Analyze settlement amounts, calculate recovery accurately and manage settlements effortlessly within our settlement calculator. Stay on top of earnings and streamline calculations for efficient and profitable settlement management.
See what your peers are saying about CloudLex!
Easy tracking of expenses and settlement offers
It is truly a comprehensive solution that encourages teamwork. It feels quick and clean to use both in terms of actual speed and the user interface as well. It does everything that I need, and it does it easily/intuitively. Along with the ease of tracking settlement offers and expenses, report generation is also easy and useful.
Daniel Horowitz
Law Office of Daniel Horowitz | Attorney
Frequently asked questions
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.
With CloudLex, you can log demands, offers, payment requests, and expenses for single or multiple plaintiffs. It intuitively calculates both attorney and client recovery, streamlining your settlement negotiations process.
How do I track settlement demands and offers in CloudLex?
CloudLex enables attorneys to log all demands and offers in one place for single or multiple plaintiffs. Manage payment requests, adjuster offers, and medical expenses for each injury victim efficiently.
With real-time updates, you can pick up where a previous attorney left off, ensuring continuity in every case.
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)
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 at a 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.
How does CloudLex support settlement tracking?
CloudLex’s customizable KPI dashboard offers insights into every stage of the settlement process. You can view the last recorded demands and offers, track potential compensation, and identify cases requiring immediate follow-up.
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