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Erstellt von djcoda2000
vor mehr als 8 Jahre
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Frage | Antworten |
Beneficiary | One who benefits from the action of another |
Caveat | Let him beware |
Causa Mortis | In contemplation of approaching death |
De bene es se | Conditionally; in anticipation of future need |
Cestui que trust | The beneficiary of a trust |
Fortutious | Unexpected; happening by chance or accident |
Ex turpi causa non oritur actio | No cause of action may be founded upon an immoral or illegal act |
Exculpatory | Clearing from alleged fault of guilt |
Exigible | Able to be charged |
Billable Time | is actual time that a lawyer or paralegal spends working on a case and that is directly billed to a client’s account |
Legal value added | any activity that a lawyer or paralegal perform to further a client’s case (other than clerical functions |
Non-billable time | is time that cannot be directly billed to a paying client |
3 Types of Non Billable Time | • General firm activities • Personal time • Pro bono work |
• Pro bono | Legal services provided free of charge to a client not able to pay |
Overhead | refers to general administrative costs of doing business |
Leveraging | is the process of earning a profit from legal services that are provided by law office personnel |
Loss prevention | refers specifically to insurance losses |
Alternative Forms of Practice | Sole Practitioner Space-Sharing Arrangements Partnership and Limited Liability Partnerships Multi-Disciplinary Partnership |
4 stages of a file | Opening Closing Storing Destroying |
What is a Conflict System | Each law firm must have a system for determining whether there is a conflict of interest before starting to act for a client |
When to check for Conflict of Interest | 1) when a potential client contacts the firm 2) more detailed check after you interview the client about all the relevant parties and witnesses |
litigation files usually have 4 main folders | Accounting Correspondence Documents Pleadings |
Various Abbreviations | TT= telephone call to TF = telephone call from LT = letter to LF = letter from CC = carbon copy LM = left message |
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