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Legal Accounting Software for Personal Injury Law Firms2025-10-02T18:45:21+00:00

Legal Accounting Software for Personal Injury Law Firms

Win more settlements, stay audit-ready, and close your books faster

Personal injury practices don’t work like general business accounting—and your software shouldn’t either. RunSensible’s legal accounting software for personal injury law firms streamlines:

  • ✔ trust accounting
  • ✔ settlement distribution
  • ✔ lien payoffs
  • ✔ advanced client cost tracking
  • ✔ PI-specific reporting
  • ✔ Payment plans and write-offs

Make month-end easier on your law firm

Everything PI accounting needs, from intake to final disbursement

Settlement management and lien payoff workflows

Run waterfall calculations, allocate fees and costs, and pay medical providers with confidence. Generate clean, auditable records of every disbursement.

Matter-centric & client-centric account management

Organize every dollar by matter and client. Get instant visibility into settlements, costs, and fees without spreadsheet gymnastics.

Trust accountability with 3-way reconciliation

Automate reconciliations across trust ledger, bank statement, and general ledger. Separate operation and trust bank accounts. Prevent overdrafts and stay exam-ready with trust accounting software for personal injury law firms.

Create recurring payment plans and write-offs

Set automated installment plans for clients, schedule policy-based write-offs for small or uncollectible balances.

Advanced client costs and reimbursements

Track soft and hard costs as assets per matter. Reimburse automatically at settlement so accounting software for PI lawyers matches how PI work actually operates.

Medical liens, providers, and 1099s

Centralize lien balances, attach documents, and produce accurate vendor 1099s at year-end—no data reconsolidation.

Replace generic accounting tools with legal accounting software built for PI law firms

Legal Accounting

Generic systems weren’t built for contingency fees, trust rules, or lien payoffs. RunSensible’s legal accounting software for personal injury law firms eliminates workarounds by modeling how PI firms really move money—from deposit into trust through final client disbursement—while maintaining complete, matter-level audit trails.

Close month-end faster with integrated time & expense tracking and bank-match reconciliation

Auto-import operating and trust bank transactions, match them to matter-level time entries, expenses, and settlements, and complete three-way trust reconciliations in minutes. Rules-based suggestions, variance alerts, and period locks reduce errors while trust accounting software for personal injury law firms preserves flawless audit trails. All postings flow through your matter-centric ledger so legal accounting software for personal injury law firms delivers faster, cleaner closes.

The Role of Client Portals for Law Firms

Legal Accounting Software for Personal Injury Law Firms FAQs

It’s purpose-built for contingency-fee practices. legal accounting software for personal injury law firms supports matter-centric ledgers, IOLTA trust rules, settlement distribution waterfalls, medical lien tracking, and advanced client cost accounting—capabilities most general tools lack or force you to bolt on. Compared to generic platforms, our system ensures fee allocations, cost reimbursements, and client disbursements are captured at the matter level, with compliant audit trails and PI-specific reports. This reduces manual spreadsheets, shortens month-end close, and lowers audit risk for accounting software for PI lawyers.

Compliance is baked in. With trust accounting software for personal injury law firms, you get matter-specific trust ledgers, safeguards against negative client balances, automated 3-way reconciliation (trust ledger, bank statement, GL), and clear separation of client funds from operating funds. Transfers from trust to operating are tied to documented settlements and invoices, and every action is logged for audits. Alerts surface discrepancies early, helping your firm stay exam-ready and protect client money.

Yes. legal accounting software for personal injury law firms provides a settlement wizard that allocates contingency fees, reimburses advanced client costs, calculates client net, and pays providers and lienholders. You can model multiple scenarios, attach settlement statements, and produce clean disbursement records. This means accounting software for PI lawyers covers the full lifecycle—from settlement deposit into trust to final checks and e-payments—without external spreadsheets.

PI firms typically treat advanced client costs as assets until reimbursed at settlement. Our legal accounting software for personal injury law firms tracks hard and soft costs by matter, associates each cost with documentation, and automatically reimburses from settlement proceeds. This ensures financial statements stay GAAP-aligned and that trust accounting software for personal injury law firms keeps costs and reimbursements tied to the correct client and matter.

Absolutely. Configure standard contingency percentages, tiered structures, or co-counsel fee splits. During settlement, the software applies your fee rules, documents the allocation, and posts entries to the correct accounts. Because accounting software for PI lawyers is matter-aware, every fee is linked to the underlying case, making reporting and audits straightforward.

The combination of matter-level ledgers, immutable audit logs, and automated 3-way reconciliation dramatically reduces errors. Legal accounting software for personal injury law firms enforces guardrails that prevent overdrawing trust by client, flags unmatched transactions, and ties every disbursement to a settlement record. When auditors ask for proof, you can export reconciliations, statements, and transaction histories per matter in minutes—exactly what trust accounting software for personal injury law firms should deliver.

You’ll see trust balances by client and matter, settlement pipeline and trends, advanced client costs aging, fee realization, and standard GAAP financials (P&L, balance sheet, cash flow). Because this is accounting software for PI lawyers, reports reflect contingency-fee realities: reimbursements at settlement, lien payoffs, awards, and clean ties between trust and operational accounts. Dashboards surface red flags like stale liens or unreconciled trust items.

Yes—our platform connects with leading legal systems for intake, case management, payments, and document storage to reduce double entry. Integrations push matter, contact, and payment data into legal accounting software for personal injury law firms, while trust and operating transactions sync back as needed. The result is a single source of truth where trust accounting software for personal injury law firms and your litigation workflows stay in sync.

We provide guided onboarding that maps your chart of accounts, imports matters, contacts, historical balances, and open trust items. A dedicated PI template simplifies setup so accounting software for PI lawyers mirrors your firm’s fee structure, cost categories, and lien workflows from day one. Post-migration checklists verify trust balances by matter and reconcile opening statements to ensure accuracy.

Security is layered: encryption in transit and at rest, role-based permissions, SSO options, and comprehensive audit logs. Access to trust features can be restricted by role, and approvals can be required for sensitive actions like trust-to-operating transfers. Backup and disaster-recovery protections keep legal accounting software for personal injury law firms reliable, while trust accounting software for personal injury law firms controls reduce internal and external risk.

Yes. Track provider payouts at the matter level, tag 1099-eligible vendors, and generate 1099 summaries with supporting detail. Because transactions originate in legal accounting software for personal injury law firms, your year-end exports reconcile quickly, and accounting software for PI lawyers makes it simple to substantiate payments to medical providers, experts, and investigators.

WFrom boutique PI practices to multi-office litigation teams, the platform scales with case volume and staff roles. Pricing is transparent and based on users and features, with trust accounting, settlement distribution, and reporting included in core plans. This ensures trust accounting software for personal injury law firms remains affordable as you grow, without sacrificing compliance or performance.

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