Split billing occurs when multiple clients share the cost of a lawsuit, for example, in the case of class action suits or in the case of representing a minor with 2 divorced parents splitting the legal bill.
With split billing, you bill each client as a percentage of the whole. You set up a master matter, and then you set up sub matters for each party to be billed for the master matter’s time and costs. There is no limit to the number of sub matters you can bill from a master matter.
NOTE: Trust transfers are not automatic for split billing.
Following are the steps to be taken in the split billing procedures: