A Settlement Sheet shows a "title", the amount of the settlement recovery, then the deduction of attorney's fees, costs, and all other deductions that are getting paid from the client's settlement proceeds.The bottom line should represent thenet settlement proceeds that are being received by the client. Also, be sure to label each deduction as what it is (i.e., fee, costs recovered, etc.), and also note whether any monies remain in the client's account after settlement.

Your attorney advised that your big personal injury case that you were prepping for trial has just been settled for $120,000.00. You need to prepare the settlement sheet and determine the amount(s) owed to all of the parties. Below are the facts:

• This case was taken on a 1/3 contingency fee basis;
• There are costs advanced totaling $5,000 that need to be recovered by the firm;
• This is a "repeat" client who owes the firm $5,000 on another case, and has agreed in writing to pay the firm that fee from this settlement;
• There is an estimated $20,000 in benefits that was paid on behalf of the client by Blue Cross & Blue Shield, and a lien has been asserted against your client's recovery in this matter; however, you are not sure of the exact amount of payments made by BCBS. Your office has requested that information from the health insurance carrier, but you currently do not have that information. So, the attorney wants the settlement and all monies owed from those proceeds paid out today, and so he instructs you to hold the estimated amount in BSBC benefits in escrow, pending determination of their lien;
• There is $8,000 in outstanding medical expenses that the client has requested the firm pay to his medical providers out of settlement proceeds.