Chapter  4
Review Sheet

Return to Chapter 4

What is a Retainer Agreement? 

 

 

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What is a Client Trust Account?

 

How is it used in a law practice?

 

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What is the difference between a billable and nonbillable hour?
Billable Nonbillable 
 

 

 

 

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Know the following types of Fees/Billings?

Type Fee/Billing Definition How is it used?
Hourly Fee  

 

Fixed Fee  

 

Contingent Fee  

 

Task Based   

 

Value Billing  

 

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What does the Code of Ethics say about the following billing practices ?
Type of billing

Code of Ethics

Double Billing  

 

Overlapping Research  

 

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Is an attorney allowed to split fees with a nonlawyer?


If so, under what circumstances?

 

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02/10/09 03:35 PM
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