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LegalCollect Penalty Configuration

Late Payment Penalties

Automatically calculate penalties and have them applied to your matters in Actionstep with no human interaction. 

  • Penalties are calculated automatically when reminder notices are issued

  • They're automatically added to your matter in Actionstep as a disbursement

  • You specify which account code and description to use for the disbursement 

 

LegalCollect supports two types of penalties:

  1. Fixed. Fee; and

  2. Penalty Interest

Use either, neither or both.  😎

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