Confido Legal Disbursements is specifically designed for plaintiff and full service law firms managing a high volume of outbound payments.
Queue, approve and track disbursements to clients and third parties in personal injury, workers' compensation and mass tort cases, ensuring the right funds go to the right person every time.
Payment Methods for the Next Generation of Clients
The next generation of clients don't want to wait for a check or deal with cashing it. Disburse funds to clients into wallets like Paypal and Venmo or direct to a client's bank account using their debit card.
Get Money to the Right Recipient Every Time
Dual recipient authentication and bank account verification ensure your intended recipient is the only person able to access the funds you send.
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Integrate with Case Management Software
Integrate disbursements with your existing case management and accounting software to keep client records up to date and work in the systems you're already using.
Don't Wait for the Client to Cash the Check
Tired of accounting for money sitting in your trust account for months while you wait for clients to cash their disbursement checks?
With Confido Legal, funds are automatically debited from the selected firm bank account and sent to the recipient's bank account.
Go Paperless
No postage, no envelopes, no mailboxes. Upload plaintiff contact information and manage all disbursements directly in Confido Legal.
Automate Recurring Disbursements
Create and manage regular recurring disbursements for ongoing workers' compensation cases and structured settlements.
Implement Financial Controls and Disbursement Attribution
Control who has access to approve disbursements. Allow your team to queue all disbursements, giving you the ability to simply review and approve each disbursement or the entire queue.
Attribute Confido Legal platform fees to specific clients and cases for easy expense tracking and reimbursement.
Disburse to Unbanked Clients
Digitally issue stored value cards to clients who don't have access to a bank account.
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We support sending disbursements by ACH and push-to-card. Push-to-card allows the recipient to accept disbursements into their bank using their debit card, and funds are available in seconds or minutes.
Digital pre-paid card issuance, wallets like Paypal and Venmo, and more payment methods are launching in the second half of 2024.
The recipient may choose a free-to-them payment method like ACH, which will deposit their funds in 5-7 days.
The recipient may choose to pay a small fee to receive their funds in seconds or minutes.
Yes, we will set specific limits on your account. Our goal is to work with you to support the disbursement volume you need while managing our financial risk.
Transaction limits will vary based on the method of disbursement.
On the recipient side of the transaction, we use multifactor authentication. Only someone with access to the client's email and phone can unlock the disbursement. Disbursements are sent using non-indexed, secure links to prevent unauthorized access to the authentication step.
On the firm side, when creating the transaction, only administrators on your Confido Legal account may approve disbursements.
While we implement powerful security measures to verify the recipient's identity and financial controls on the firm side, we cannot prevent a situation where the firm sends money to the wrong recipient. Treat disbursements like sending cash. You may not be able to pull them back, so it's important to ensure that the correct amounts are being sent to the correct recipients.
Clients have the option to log in to their online banking platform through Plaid to accept the disbursement. This helps reduce the chances that a client will enter incorrect banking information.
In addition, entering incorrect banking information will typically result in an ACH return from the recipient's bank, at which point the disbursement link will reactivate and the funds will be returned to your firm's bank account.
Our disbursements platform was built with the rules of professional conduct in mind. Several key aspects of the platform ensure you comply with the ethics rules in your state:
- Although any user in your Confido Legal account can create draft disbursements, an administrator on the account must approve each disbursement for money to move and your trust account to be debited. This gives you the power to decide who can approve disbursements.
- We track who at your firm drafted and approved each disbursement for your recordkeeping purposes.
- Each disbursement in Confido Legal has a unique ID number that can be used to identify the disbursement.
- Each disbursement must be tied to a client record. The disbursement may be optionally tied to a matter record as well.
- Confido Legal never puts client funds into a holding account. We send payment instructions to your bank and other services, such as Venmo, to execute transactions.
- Clients have the option to accept payments for free. For any transactions where the client is charged for faster access to their funds, we charge a reasonable fee in line with other money transfer services.
For more details on our security procedures, refer to this article.