Firm Financial Strategy

Firmwide Qualified Settlement Fund

Qualified settlement funds (QSFs) afford extra time for strategic financial planning post-settlement. Firmwide QSFs are created around cases that have commonality, such as cases in one practice area, handled in a specific region, and/or by one law firm. Establishing a firmwide qualified settlement fund with Milestone is the best way for a law firm to leverage this settlement and tax planning solution.

Strengthen Your Firm's Financial Plan

A QSF is a trust that holds funds after a case settles, allowing the plaintiff, attorney(s) and law firm to independently strategize. Milestone can establish a fund for your entire law firm to use with any and all of its cases to manage cash flow and optimize revenue.

1

Plan when/how much money is coming into the firm throughout the year.
2

Gain time to plan for your fees and save on taxes using our attorney fee deferral program.
3

Afford your clients extra time to financially plan post-settlement.
4

Alleviate defendant participation.
5

Relieve the pressure to resolve lien negotiations.
6

Reduce litigation expenses and reallocate human capital.

As your QSF administrator, Milestone serves as a trustworthy accounting back office. Our flexibility allows us to meet your law firm’s individual needs – whether it’s handling settlement distributions, fee splits, and/or other tasks that remove the administrative burden from your firm. We’re ready to meet you where you are with precision and professionalism, to ensure your law firm’s master QSF is as beneficial to you as possible. 

Beyond our technical ability to handle all your QSF administration needs, our team is genuinely happy to assist and serve your law firm. Contact Milestone to discuss how a firmwide qualified settlement fund would help you optimize law firm cash flow and elevate your practice. 

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