Overview:
Enable importing of actuals LEDES files and automatically set up a simple signature authority flow and basic forecast rules.
Steps:
- Go to the Contacts module.
- Select the Law Firm you wish to enable.
- Click the Enable Finances Slot button. (This button will only show if the Finances product is enabled and the account has available law firm slots).
- The Configure Invoice Review pop-up will appear. Note that more advanced configurations can be set up manually from the Finances module. The generated simple signature authority will use the selected contact as the “Initial Reviewer” for actuals invoices that are imported for the law firm. This means that the user is responsible for approving and rejecting each line item of the law firm's invoices. If a multi-contact choice is selected int he dropdown then the first contact will be the “Initial Reviewer” and any remaining contacts will be “Level 1 Approval”, “Level 2 Approval”, and so on. The “Level 1 Approval” will sign off on invoices that have already had their line items reviewed by the Initial Reviewer". If you do not want the simple default configuration for signature authority, uncheck the Setup Simple Signature Authority checkbox.
- The generated simple forecast rules will cause forecast items to be generated for the law firm's matters based on the planned filing date. If you do not want the simple default configuration for forecast rules, uncheck the Setup Simple Forecast Rules checkbox.
- In the For Complexities dropdown, select “Any” to generate rules without low, medium, and high complexities.
- The simple forecast rules will generate low resolution forecast estimates for US and foreign matters based on their estimated complexity. If you would like to prevent generation of forecast rules for US or foreign matters, uncheck the US and/or Foreign checkboxes.
- Enter the Amount you would like to forecast for each phase of the patent process for the current law firm in the textboxes of each row.
- Click the Enable Invoice Review button.
