Corporations must manage loss contingencies for claims or lawsuits that are material. These contingencies are reported to the accounting department and tracked as liabilities for anticipated defense costs or potential claim payments.
The Matter Reserves feature allows you to track Expense and Indemnity Reserve details at the matter level. This provides a more complete view of matter-related spend while supporting financial disclosure requirements for Legal Reserves. The feature also calculates reserve balances and the percentage allocated to payments, helping you stay aligned with reserve projections.
This feature may not be enabled for your account. This configuration is set up during your account implementation or through Customer Care.
This article covers the following:
Accessing Matter Reserves
You can access Matter Reserves from the homepage or from the Matter Overview page under the Financials tab.
You must have the Reserve Payment Administrator role and Reserve Administrator role in order to access the Matter Reserves feature.
Matter Reserves can be accessed from the following places:
Finding a Reserve from the Homepage
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Locate the Financials panel on the homepage.
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Click on a Reserves item in the list (e.g., All Reserves).
Finding a Reserve on the Matter Overview Page
- Find the matter.
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Click the Financials tab on the Matter Overview page.
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Scroll to the Matter Reserves section near the bottom of the page.
Effective Reserve Periods
You can view all effective reserve periods from the Financials tab on the Matter Overview page. This view provides detailed reserve information based on effective periods, including actual amounts and allocation percentages at the time reserves were edited.
- Find the Matter Reserves section on the matter.
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Click View Prior Reserves.
The Reserve Effective Periods window displays.
- Optional: Click Download Excel to download an Excel spreadsheet with the information.