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Budgets

Edit a Matter Budget

Required role | In most cases, only law firm users from the lead firm for a matter can edit the matter budget. This is the case if your client requires a budget from only the lead firm. However, if the client chooses to require a budget from all firms on a matter, matter editors or higher at any firm can edit the budget, but only the budget for their firm.
To edit the current budget:
  1. Click
    Matters > Matters List
     in the left navigation.
  2. From the Matter list page, open the applicable matter.
    note
    You may need to select
    All Open Matters I Can Access
     from the view selector.
  3. Click
    Budget
    .
  4. Click
    Edit current budget
     in the toolbar. Depending on the type of budget your client company chose, the monthly budget or phased litigation budget form displays.
  5. Make your changes to the budget. Keep the following important aspects in mind when working with monthly budgets:
    Budget type
    Information
    Monthly budget
    • The total matter budget must be equal to or greater than the total amount in the budget spreadsheet.
    • The budget spreadsheet is organized by fiscal year.
    • If your client company requires an annual budget instead of a monthly budget, complete the budget spreadsheet for only the first month of the fiscal year. Leave the remaining months blank.
    • If your client company requires a quarterly budget instead of a monthly budget, complete the budget spreadsheet for the first month of every quarter. Leave the remaining months blank.
    Phased litigation budget
    When you work with a phased budget, the first task is to create the time period for each phase. The phases themselves (for example, Initial Case Assessment and Handling) cannot be edited. After the time period for each phase is created, enter the budget (both fees and expenses) for each phase. You can also provide a comment about the entire budget in the field at the top of the budget form.
  6. On the toolbar, select
    Save & close
    .

Compare Budgets

  1. Click
    Matters > Matters List
     in the left navigation.
  2. Click the name of the applicable matter.
    note
    You may need to select
    All Open Matters I Can Access
     for the view selector.
  3. Click
    Budget
    .
  4. Click
    Compare to prior budget.

This article applies to:

  • PRODUCT: Legal Tracker
  • Subject: Budget
  • Audiences: Firm