Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

1. Explain the following legal fee structures: a. time valuc/hourly b. tariff c. estimated/flat fee d. contingency ice 2. Name and explain the three types

1. Explain the following legal fee structures: a. time valuc/hourly b. tariff c. estimated/flat fee d. contingency ice

2. Name and explain the three types of docket entries.

3. Why do lawyers record the time spent working on a matter for a client?

4. Why should you endeavour to ensure that dally time entries are submitted promptly?

5. What types of bank accounts will a law firm maintain? Give an example of what monies would be deposited in such an account or accounts.

6. Why is it necessary to classify disbursements made on behalf of the clier?

7. Give two examples of taxable disbursements and of exempt disbursements.

8. Explain and give an example of when the following accounting forms would be used: a. Cheque requisition b. petty cash voucher C. cash receipt

9. Monies have been received from the client during the course of acting for him or her. How are such monies referred to when the account Is rendered?

((This questions on Chapter 5 part 1 in legal office procedures and documentation))

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Tort Law Text Cases And Materials

Authors: Jenny Steele

5th Edition

0198853912, 978-0198853916

More Books

Students also viewed these Law questions

Question

What is the likelihood function for a logistic regression model?

Answered: 1 week ago