Prevail User Knowledge Base

E-Training*: Using the Settlement Calculator

Owned by Emily Doane
Last updated: Sept 12, 2023 by Kyle Higgins
2 min read

This How to covers using the settlement calculator in an offer or demand entry on the Negotiations tab.

To view an instructional video of this material, click the link below.

Video Link: Using the Settlement Calculator

You can use the Negotiation tab to record offers and demands that are made as you attempt to settle a case as well as track any liens that are held against a potential settlement.

Instructions

  1. Click ‘Add Demand’ or ‘Add Offer’.

  2. Enter the amount of the offer or demand in the Amount field.

  3. The firm’s default percentage share of the settlement will display in the Percent field.

    1. Note: This default percent is based on the law type for the case, and is configured in the Law Type Setup. You may also change this percentage as necessary in each offer and demand entry window.

  4. If your firm’s costs are to be subtracted first, Check the ‘Costs subtracted first’ box.

  5. Prevail will automatically display the total of all costs from the Ledger in the Costs field, total liens from the lower-half of the Negotiations tab in the Liens field, and total damages from the Damages tab in the Damages field.

    1. Caution: The category assigned to a Ledger Cost or Damage entry determines whether that entry is included in the settlement calculator. When you set up your Cost and Damage categories in the Databank, check the ‘Include in Settlement Calculator’ box for any categories you wish to include. Entries that are uncategorized will not be included in the calculator.

    2. Caution: The Damages balance is used in the calculator, not the total damages incurred.

  6. Note: If you want to determine what the settlement amount must be in or der for the client to net a certain dollar amount, you can enter the desired client’s net settlement amount in the Client field, and Prevail will calculate and display the necessary settlement amount in the Amount field.

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