Margill Law Edition
Interest Calculator for Law Professionals


The choice of thousands of lawyers, judges, judgment collection agencies, law departments, governments, insurance companies and trade unions in 32 countries.

Word quickly traveled to our attorneys that we had the ability to generate both Michigan and Federal Schedules in a matter of minutes.

Margill saved our attorneys hours of manual calculations of Judgment Interest and at the same time saved our clients the cost in time charged to prepare and review schedules prepared by other firms.

Margill is definitely a must have for law firms!

Cummings, McClorey, Davis & Acho PLC
Detroit, MI

Margill is a Godsend!

Paralegal
NALA convention, Jacksonville, FL, 2010

HHS uses Margill to determine balances due on agency debts owed to the U.S. Government by using variable rates and various compounding methods.

Margill saves my staff and me an enormous amount of time.

US Department of Health and Human Services
Rockville, MD


Common law-related calculations

  • Simple interest or compound interest between two dates
  • Pre judgment and post judgment interest calculation for all US states, Canadian provinces and European countries (over 150 interest tables and rates automatically updated on your system)
  • Collection of judgments including precomputed prejudgment interest, court fees and other fees bearing interest or not. Predefined refund order (interest, fees, prejudgment interest, other fees and principal)
  • Collection of debt claims and accounts receivable
  • Unpaid or late rent, salaries and alimony - possible to index these amounts as required
  • Lump sum or structured settlement hypotheses over time for judgments (quantum)(present value)
  • Today value of an old judgment award
  • Interest payable from an escrow (trust) account (with regular and irregular deposits)
  • Mortgage and loan calculations (regular and irregular payments at fixed or variable interest rates)
  • USA specifically: Civil judgment governed by 28 U.S.C. 1961, Civil judgment relating to awards of just compensation in condemnation proceedings settled under 40 U.S.C. 258a.
  • Calculation of the unknown interest rate applicable to a loan with regular and irregular refunds (determination of the contractual rate or usurious (criminal) interest rate)

Types of law

  • Civil litigation
  • Labor
  • Commercial
  • Insurance
  • Family

  • Banking
  • Real estate
  • Mergers & Acquisitions
  • Investment
  • Tax



Margill Law Edition Brochure Margill Law Edition Brochure for Judges


Real life examples of various calculations

Click to see Margill examples:



Statutory (judicial, legal, pre-judgment, post-judgment) interest rate tables.

United States:
• Federal Post Judgment interest rates (28 U.S.C. 1961, 40 U.S.C. 258a.)
• Internal Revenue Service (IRS) tax over and under payments

• All US states and territories - pre judgment and post judgment rates
• Federal Reserve Rates

Canada:
  • Canada Revenue Agency (CRA) tax over and under payments
  • All Canadian provinces and territories - pre judgment and post judgment rates
  • Bank of Canada and major bank Prime rates
Australia:
  • Australian Taxation Office (ATO) Late tax payments
France:
  • Legal interest
• Rates for late payments (Legal interest x 1.5)
Belgium:
  • Legal interest
Luxembourg:
  • Legal interest

Click here to see all interest tables available in Margill

Central Bank interest tables

  • US Federal Reserve, Bank of Canada, Bank of England, European Central Bank, Australia, South Africa, Hong Kong...

Indexation tables

  • Inflation rates for various countries USA, Canada, Great Britain, Australia, France, Switzerland, Belgium, Luxembourg
  • Stock market indices (annual returns)
  • Alimony indexation tables (Quebec)

Standards-based
  • International standards and recognized principles for the calculation of interest (Americas, Europe, Asia, Australia, Africa)
  • United States banking rules (Regulation Z, Truth in Lending Act)
  • European Community rules (Directive 98/7/CE)
  • Canadian rules
  • Day count conventions : Actual/actual (also known as Actual/365), 30/360, Actual/360, Actual/365(Fixed)
  • Effective rate method (Normal compound interest amortization), Capitalized Simple interest (very often mandatory in Law), Simple interest
  • Simple and Compound interest
  • Unique (fixed) or variable interest rates
  • 4 decimal point accuracy
  • Multi-currency
  • Printed reports that include quarterly and /or annual and choice of the financial year-end
  • Export of the data to Excel,Word, XML, RTF

Highly specialized features
(for total accuracy in Amortization)



The International Bar Association (IBA) and Jurismedia are proud to work together in order to provide its members with Margill, the leading interest calculation solution for law professionals. Full story...
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