Fee Sharing Agreements

VerdictFlow streamlines the fee sharing agreement process with customizable templates, electronic signatures, and automatic document management.

What Are Fee Sharing Agreements?

Fee sharing agreements are legal documents that formalize the referral fee arrangement between firms. They specify:

• The referring and receiving firms
• The referred matter details
• The fee percentage and terms
• Payment conditions and timelines
• Signatures from both parties

Why Use VerdictFlow for Agreements?

Traditional Process

• Draft agreement manually for each referral
• Email back and forth for signatures
• Track in spreadsheets
• Store in file cabinets

VerdictFlow Process

• Templates auto-populate with referral data
• E-signatures completed in minutes
• Automatic status tracking
• Centralized document storage

Key Features

Agreement Templates

Create reusable templates with:

• Your standard fee sharing language
• Dynamic variables (firm names, lead info, dates)
• Signature blocks
• Custom terms and conditions

Electronic Signatures

Built-in e-signature capability:

• No external tools needed
• Legally binding signatures
• Audit trail included
• Signed copies distributed automatically

Document Management

All agreements stored securely:

• Searchable archive
• Linked to referrals
• Download anytime
• Access history tracked

Fee Settings

Configure default fee percentages with a flexible hierarchy:

• Account-wide default - Base rate for all referrals (e.g., 33%)
• Partner-specific rates - Override the default for specific firms
• Case-type specific rates - Set different rates by practice area (e.g., 40% for PI, 25% for Workers' Comp)
• Partner + case type combinations - Most specific rate wins

The system automatically selects the most specific rate available when creating a referral.

Agreement Workflow

1. Template Setup

Before your first referral, create a template:

1. Go to Agreements → Templates
2. Create or customize a template
3. Add your standard language
4. Include variable placeholders

2. Referral Creation

When sending a referral:

1. Fee percentage auto-populated
2. Terms pulled from your settings
3. Template selected automatically (or choose one)

3. Agreement Generation

After referral acceptance:

1. Agreement generated from template
2. Variables replaced with actual data
3. Preview available for both parties

4. Signature Collection

Both parties sign:

1. Requesting party signs first
2. Notification sent to other party
3. Second signature captured
4. Document finalized

5. Storage & Tracking

Completed agreement:

1. Stored in VerdictFlow
2. Linked to referral record
3. Available for download
4. Status tracked

Fee Rate Hierarchy

When creating a referral, VerdictFlow determines the fee percentage using this priority order:

1. Partner + Case Type rate (most specific) - If you've set a rate for this specific partner AND case type
2. Partner default rate - If you've set a default rate for this partner
3. Account default rate - Your firm's global default
4. System default - 33% if nothing else is configured

Example

• Your account default: 33%
• Partner "Smith Law" default: 35%
• Partner "Smith Law" for Personal Injury: 40%

When referring a PI case to Smith Law → 40% is used automatically.

Getting Started

1. Create a template - Set up your standard agreement
2. Configure fee settings - Set your default percentages in the Fee Settings tab
3. Send a referral - Agreement workflow starts automatically
4. Sign and track - Complete signatures and monitor status

Learn More

• Creating Agreement Templates
• Using Variables
• Sending for Signature
• Signing Process
• Managing Documents