Question 1

A retainer for general representation is considered an earned retainer.

Accepted Answer

A) True 
 B)False  True

Question 2

A(n) is a charge based on the type of service actually performed.

Accepted Answer

A) activity hourly rate 
B) contingency fee 
C) client hourly rate 
D) paralegal hourly rate 
E) value rate 
A) activity hourly rate 
B) contingency fee 
C) client hourly rate 
D) paralegal hourly rate 
E) value rate A

Question 3

Electronic billing is a big improvement over traditional paper billing for large clients.

Accepted Answer

A) True 
 B)False  True

Question 4

A fee agreement should only specify the legal procedures that the attorney is obligated to provide to the client.

Accepted Answer

A) True 
 B)False

Question 5

The timekeeping and billing process is a recurring cycle.

Accepted Answer

A) True 
 B)False

Question 6

It is recommended to send billings out only when the firm needs to pay bills.

Accepted Answer

A) True 
 B)False

Question 7

An earned retainer:

Accepted Answer

A) must be deposited into a separate trust account 
B) must be deposited into the firm's operating account 
C) can be used to pay for salaries and rent 
D) can be deposited into any type of account, but the interest belongs to the client 
E) can be used only to pay court filing fees 
A) must be deposited into a separate trust account 
B) must be deposited into the firm's operating account 
C) can be used to pay for salaries and rent 
D) can be deposited into any type of account, but the interest belongs to the client 
E) can be used only to pay court filing fees

Question 8

The tracking of time for the purpose of billing clients called is known as:

Accepted Answer

A) timekeeping 
B) billing 
C) e-filing 
D) timeslip management 
E) reimbursement 
A) timekeeping 
B) billing 
C) e-filing 
D) timeslip management 
E) reimbursement

Question 9

Which of these is NOT a function of a successful billing system?

Accepted Answer

A) It accurately tracks how much a client has paid the firm. 
B) Billings contain a significant amount of legalese. 
C) Billings are sent on a regular basis. 
D) Billings identify the services that have been provided. 
E) Billings are fair and respectful. 
A) It accurately tracks how much a client has paid the firm. 
B) Billings contain a significant amount of legalese. 
C) Billings are sent on a regular basis. 
D) Billings identify the services that have been provided. 
E) Billings are fair and respectful.

Question 10

When filling out a timeslip, if you think you should have been able to perform a job faster, you should discount your time.

Accepted Answer

A) True 
 B)False

Question 11

If your firm bills time in tenths of an hour and you work on a project for 45 minutes, how should you mark your time on your timeslip?

Accepted Answer

A) .4 hours 
B) .75 hours 
C) .8 hours 
D) 1 hour 
E) 45 minutes 
A) .4 hours 
B) .75 hours 
C) .8 hours 
D) 1 hour 
E) 45 minutes

Question 12

Many clients prefer it when law offices bill for paralegal time as well as attorney time because paralegal hourly rates are much lower than the attorney hourly rates.

Accepted Answer

A) True 
 B)False

Question 13

A(n) is a type of fee billed as a percentage of the total amount awarded to the client.

Accepted Answer

A) activity hourly rate 
B) contingency fee 
C) client hourly fee 
D) value rate 
E) award fee 
A) activity hourly rate 
B) contingency fee 
C) client hourly fee 
D) value rate 
E) award fee

Question 14

If a partner in a law firm wanted to see which paralegal was billing the most hours, she would check the:

Accepted Answer

A) productivity by user report 
B) pre-billing report 
C) aged accounts receivable report 
D) case type productivity report 
E) case\client list 
A) productivity by user report 
B) pre-billing report 
C) aged accounts receivable report 
D) case type productivity report 
E) case\client list

Question 15

Clients file more ethical complaints against attorneys and law offices for fee disputes than for any other type of dispute or problem.

Accepted Answer

A) True 
 B)False

Question 16

What is the most common type of fee agreement in the legal field?

Accepted Answer

A) Contingency fee 
B) Hourly rate fee 
C) Flat fee 
D) Value billing fee 
E) Fixed fee 
A) Contingency fee 
B) Hourly rate fee 
C) Flat fee 
D) Value billing fee 
E) Fixed fee

Question 17

Contingency fee agreements must be in writing.

Accepted Answer

A) True 
 B)False

Question 18

When selecting timekeeping and billing software, one feature to look for is a program that allows users to define a list of timekeepers and activities.

Accepted Answer

A) True 
 B)False

Question 19

What is an hourly fee agreement based on an attorney's experience called?

Accepted Answer

A) Activity hourly rate 
B) Contingency fee 
C) Client hourly rate 
D) Attorney hourly rate 
E) Experience hourly rate 
A) Activity hourly rate 
B) Contingency fee 
C) Client hourly rate 
D) Attorney hourly rate 
E) Experience hourly rate

Question 20

What are the three main components of a "back-office" computer system in a fully automated legal organization?

Accepted Answer

A) Word-processing software, spreadsheet software, and presentation software 
B) Timekeeping and billing software, word-processing software, and accounting software 
C) Timekeeping and billing software, accounting software, and case management software 
D) Word-processing software, accounting software, and presentation software 
E) Timekeeping and billing software, spreadsheet software, and accounting software 
A) Word-processing software, spreadsheet software, and presentation software 
B) Timekeeping and billing software, word-processing software, and accounting software 
C) Timekeeping and billing software, accounting software, and case management software 
D) Word-processing software, accounting software, and presentation software 
E) Timekeeping and billing software, spreadsheet software, and accounting software

A retainer for general representation is considered an earned retainer.

A(n) is a charge based on the type of service actually performed.

Electronic billing is a big improvement over traditional paper billing for large clients.

A fee agreement should only specify the legal procedures that the attorney is obligated to provide to the client.

The timekeeping and billing process is a recurring cycle.

It is recommended to send billings out only when the firm needs to pay bills.

An earned retainer:

The tracking of time for the purpose of billing clients called is known as:

Which of these is NOT a function of a successful billing system?

When filling out a timeslip, if you think you should have been able to perform a job faster, you should discount your time.

If your firm bills time in tenths of an hour and you work on a project for 45 minutes, how should you mark your time on your timeslip?

Many clients prefer it when law offices bill for paralegal time as well as attorney time because paralegal hourly rates are much lower than the attorney hourly rates.

A(n) is a type of fee billed as a percentage of the total amount awarded to the client.

If a partner in a law firm wanted to see which paralegal was billing the most hours, she would check the:

Clients file more ethical complaints against attorneys and law offices for fee disputes than for any other type of dispute or problem.

What is the most common type of fee agreement in the legal field?

Contingency fee agreements must be in writing.

When selecting timekeeping and billing software, one feature to look for is a program that allows users to define a list of timekeepers and activities.

What is an hourly fee agreement based on an attorney's experience called?

What are the three main components of a "back-office" computer system in a fully automated legal organization?

Overview of Computers and Technology in the Law Office

Word Processing and Document Assembly

Spreadsheet Software

Databases, Case Management and Docket Control Software

The Cloud and Social Media

Electronic Discovery

Litigation Support Software

Research on the Internet and Electronic Mail

The Electronic Courthouse, Automated Courtroom, and Presentation Graphics

Filters

Exam 4: Legal Timekeeping and Billing Software

A retainer for general representation is considered an earned retainer.

A(n) is a charge based on the type of service actually performed.

Electronic billing is a big improvement over traditional paper billing for large clients.

A fee agreement should only specify the legal procedures that the attorney is obligated to provide to the client.

The timekeeping and billing process is a recurring cycle.

It is recommended to send billings out only when the firm needs to pay bills.

An earned retainer:

The tracking of time for the purpose of billing clients called is known as:

Which of these is NOT a function of a successful billing system?

When filling out a timeslip, if you think you should have been able to perform a job faster, you should discount your time.

If your firm bills time in tenths of an hour and you work on a project for 45 minutes, how should you mark your time on your timeslip?

Many clients prefer it when law offices bill for paralegal time as well as attorney time because paralegal hourly rates are much lower than the attorney hourly rates.

A(n) is a type of fee billed as a percentage of the total amount awarded to the client.

If a partner in a law firm wanted to see which paralegal was billing the most hours, she would check the:

Clients file more ethical complaints against attorneys and law offices for fee disputes than for any other type of dispute or problem.

What is the most common type of fee agreement in the legal field?

Contingency fee agreements must be in writing.

When selecting timekeeping and billing software, one feature to look for is a program that allows users to define a list of timekeepers and activities.

What is an hourly fee agreement based on an attorney's experience called?

What are the three main components of a "back-office" computer system in a fully automated legal organization?

Overview of Computers and Technology in the Law Office

Word Processing and Document Assembly

Spreadsheet Software

Databases, Case Management and Docket Control Software

The Cloud and Social Media

Electronic Discovery

Litigation Support Software

Research on the Internet and Electronic Mail

The Electronic Courthouse, Automated Courtroom, and Presentation Graphics

Filters