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settlement funds trust accounting

Handling Settlement Funds: A Best-Practices Checklist

Best practices for handling settlement funds starts with a properly written and executed contingent fee agreement. This document should clearly communicate to the client how funds from a settlement check will be disbursed. In the case when a settlement is not reached and there is no settlement check for the client, the fee agreement should also explain what expenses or fees the client will be responsible for paying, if any. Below is a sample of text that may be used in a contingent fee agreement.

August 24, 2017 0 2 0