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LawOfficeMgmt-Test 2

QuestionAnswer
THE PROCESS OF TRACKING TIME FOR THE PURPOSE OF BILLING CLIENTS. TIMEKEEPING.
THE PROCESS OF ISSUING INVOICES FOR THE PURPOSE OF COLLECTING MONIES FOR LEGAL SERVICES PERFORMED AND BEING REIMBURSED FOR EXPENSES. BILLING.
A FEE FOR LEGAL SERVICES THAT IS BILLED TO THE CLIENT BY THE HOUR AT AN AGREED UPON RATE. HOURLY RATE FEE.
FEE BASED ON THE ATTORNEY'S OR LEGAL ASSISTANT'S LEVEL OF EXPERTISE AND EXPERIENCE IN A PARTICULAR AREA. ATTORNEY OR LEGAL ASSISTANT HOURLY RATE.
FEE BASED ON ONE HOURLY CHARGE FOR THE CLIENT, REGARDLESS OF WHICH ATTORNEY WORKS ON THE CASE AND WHAT HE OR SHE DOES ON THE CASE. CLIENT HOURLY RATE.
AN HOURLY RATE THAT IS SET TAKING INTO ACCOUNT THE BLEND OR MIX OF ATTORNEYS WORKING ON THE MATTER. BLENDED HOURLY RATE FEE.
TYPES OF HOURLY RATE CONTRACTS: -ATTORNEY OR LEGAL ASSISTANT HOURLY RATE -CLIENT HOURLY RATE -BLENDED HOURLY RATE -ACTIVITY HOURLY RATE
FEE COLLECTED IF THE ATTORNEY SUCCESSFULLY REPRESENTS THE CLIENT. AND RECEIVES A PERCENTAGE OF THE AMOUNT RECOVERED. CONTINGENCY FEE.
FEE BASED ON THE DIFFERENT HOURLY RATES, DEPENDING ON WHAT TYPE OF SERVICE OR ACTIVITY IS ACTUALLY PERFORMED. ACTIVITY HOURLY RATE.
TERM FOR THE MONEY THE LAW OFFICE OR ATTORNEY HAS EARNED AND IS ENTITLED TO DEPOSIT IN THE OFFICE'S OR ATTORNEY'S OWN BANK ACCOUNT. EARNED RETAINER.
MONEY THAT IS PAID UP FRONT BY THE CLIENT AS AN ADVANCE AGAINST THE ATTORNEY'S FUTURE FEES & EXPENSES. UNTIL THE MONEY IS ACTUALLY EARNED BY THE ATTORNEY OR LAW OFFICE, IT BELONGS TO THE CLIENT. UNEARNED RETAINER.
___________ FEES ARE USED IN REPRESENTING PLAINTIFFS IN PERSONAL INJURY CASES. CONTINGENCY
WHAT TYPE OF FEE IS MOST OFTEN USED WHEN PREPARING WILLS OR UNCONTESTED DIVORCE? FLAT FEE.
A _____ OR AN _____ ACCOUNT IS A SEPARATE BANK ACCOUNT, APART FROM A LAW OFFICE'S OPERATING CHECKING ACCOUNT, WHERE UNEARNED CLIENT FUND ARE DEPOSITED. TRUST/ESCROW ACCOUNT
A NON-REFUNDABLE RETAINER IS WHAT KIND OF RETAINER? EARNED RETAINER. (CASE RETAINER.)
FEES GIVEN TO THE PREVAILING PARTY UNDER A STATUTE ARE WHAT? COURT-AWARDED FEES.
FACTORS TO DETERMINE IF A FEE IS REASONABLE (TWO). THE FEES CUSTOMARILY CHARGED IN THE LOCALITY AND FOR SIMILAR SERVICES, THE EXPERIENCE AND REPUTATION OF THE ATTORNEY.
IF A LAW OFFICE RECEIVES CLIENT FUNDS WHAT KIND OF ACCOUNT IS THAT? TRUST OR ESCROW.
[true OR false] CLIENT FUNDS MAY BE DEPOSITED IN THE LAW OFFICE OPERATING ACCOUNT. FALSE.
[true OR false] FINAL FUNDS MAY BE DEPOSITED IN NEITHER THE LAW OFFICE OPERATING ACCOUNT OR THE TRUST ACCOUNT. FALSE.
[true OR false] CLIENT FUNDS MAY BE DEPOSITED IN THE LAW OFFICE TRUST ACCOUNT. TRUE.
[true OR false] TRUST ACCOUNT FUNDS MAY BE USED TO PAY LAW OFFICE RENT. FALSE.
[true OR false] TRUST ACCOUNT FUNDS MAY BE USED TO PAY FOR STAFF PAYROLL. FALSE.
[true OR false] TRUST ACCOUNT FUNDS MAY BE USED TO MAKE A DEPOSIT IN THE LAW OFFICE OPERATING ACCOUNT IF THE FUNDS WILL BE RE-PAYED. FALSE.
[true OR false] TRUST ACCOUNT FUNDS MAY BE USED TO PAY LAW OFFICE FOR FEES THAT HAVE NOW BEEN EARNED. TRUE.
LAW OFFICES MUST RETURN CLIENT FUNDS WHEN? IMMEDIATELY.
MANY JURISDICTIONS PROHIBIT CONTINGENCY FEES IN ______ & _____PROCEEDINGS AS A MATTER OF PUBLIC SAFETY. CRIMINAL / DOMESTIC-RELATION
WHAT A FIRM ACTUALLY RECEIVES IN INCOME AS OPPOSED TO THE AMOUNT IT BILLS. REALIZATION.
WHAT IS A SCHEDULING SYSTEM THAT TRACKS & ORGANIZES APPOINTMENTS, DEADLINES & COMMITMENTS? DOCKET CONTROL.
LAW THAT ENCASES THE MAXIMUM AMOUNT OF TIME PARTIES CAN WAIT BEFORE THEY MUST FILE A CASE. STATUTE OF LIMITATIONS.
ATTORNEYS WHO MISS IMPORTANT DEADLINES ARE SUBJECT TO WHAT? -FINES -SANCTIONS -SUSPENSIONS -DISBARMENT -PRACTICE SUITS
A MEETING THAT HAPPENS EVERY THURSDAY MORNING IS AN EXAMPLE OF WHAT KIND OF ENTRY. RECURRING ENTRY.
WHAT IS THE DIFFERENCE BETWEEN WORKDAYS AND CALENDAR DAYS? CALENDAR DAYS COUNT ALL DAY. WORKDAYS ARE ONLY MONDAY - FRIDAY.
SYSTEM FOR CALCULATING DEADLINES THAT COUNTS ALL DAYS INCLUDING WEEKENDS AND HOLIDAY. CALENDAR DAYS.
SYSTEM FOR CALCULATING DEADLINES THAT REFERS TO ONLYDAYS WHEN THE COURT IS OPEN. WORKDAYS.
[true OR false] PRO BONO IS LEGAL SERVICES CHARGED TO A CLIENT WHO IS LOW-INCOME. FALSE.
[true OR false] LEGAL ASSISTANTS SHOULD ALWAYS RECORD THE ACTUAL AMOUNT OF TIME SPENT ON A PROJECT AND SHOULD NOT DISCOUNT THAT TIME. TRUE.
[true OR false] A DRAW REFERS TO A PARTNERS RECEIVING A MONTHLY CHECK AS AN ANTICIPATED SHARE OF PROFITS. TRUE.
[true OR false] WHOEVER WRITES AND SIGNS THE CHECKS SHOULD ALWAYS RECONCILE THE BANK ACCOUNT. FALSE.
[true OR false] IT IS PERMISSIBLE FOR A LAWYER TO SPLIT FEES WITH A NON-LAWYER. FALSE.
[true OR false] ALTHOUGH A LAWYER MAY NOT SOLICITE A NON-LAWYER/ PARALAWYER MAY. FALSE.
[true OR false] A LAWYER MAY MAKE COURT APPEARANCES PRIOR TO BEING SWORN IN AND HAVING A LICENSE SO LONG AS HE OR SHE HAS PASSED THE BAR EXAM. FALSE.
 

 



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