Margill® Software offers Unique Interest Calculation Solution Designed Specifically for Lawyers' Peculiar Needs


April 16, 2008. Few enter the legal profession with dreams of spending countless hours calculating interest on judgments. And yet, that's the tedious reality for many lawyers and staff.

Thanks to an innovative new interest calculation software designed specially for the law profession, interest on judgements can be calculated instantly in all 50 US states, 10 Canadian provinces, their territories and European countries.

Margill® Law Edition Interest Calculator is the first of its kind for the law profession. What makes the software so impressive is its highly intuitive module for the collection of judgments in any state that include court fees and prejudgment interest, whether interest is payable on these or not.

Furthermore, countless hours were spent in researching and developing the Margill Table Update System that includes over 150 different interest tables: prejudgment and postjudgment interest rates for all US states and territories and Canadian provinces, US federal postjudgment rates, Internal Revenue Services (IRS) and Canada Revenue Agency (CRA) under and over payments, central bank rates and bank prime rates. Interest rates are monitored and updated daily, meaning subscribers' software is always up to date.

"Some rates change weekly, others monthly or quarterly, while others follow the Federal Reserve rates plus a few percentage points," explains Mark Gelinas, attorney and CEO of Jurismedia, the developer behind the Margill Law Edition. "Such monitoring becomes extremely tedious - if not unrealistic - for law firms."

The software also computes late or missed alimony, tax payments, rent and wages. It computes regular and irregular loans and mortgages, and easily determines unknown interest rates and APR in complex situations. It even can be used to determine the present value of historical judgments as well as determine lump sum or structured settlements for judgments.

Jurismedia has been creating interest calculation solutions for a number of professions since 1992. This latest version is the first ever to be created specifically for the unique needs of the law profession.

"Margill is already used by hundreds of law firms in 25 countries," says Gelinas. "But we wanted to further adapt the software to the law professional's daily reality."

Confident that the Margill Law Edition will meet this reality, Jurismedia offers a free 30-day trial version. It can be downloaded at www.margill.com/nc.


Margill products are currently being used in 25 countries in a wide range of industries. Clients include small, medium, national and global law firms, judges, and all levels of government, as well as trade unions, accountants, banks and insurance companies. Jurismedia is a leading software developer with offices in Newark, Delaware and Montreal, Canada.


For further inquiries or to schedule an interview with Marc Gelinas, please call Jessika Duquette at 450-621-8283 or email Jessika at jessika@margill.com.