Law office management
Questions:
- There are four different ways that you can charge the client using an hourly billing strategy. Using the chapter reading and an additional resource, please identify and explain three of the four different methods for billing clients with an hourly rate. How does each method provide different advantages or disadvantages to either the office or the client?
- There are a variety of retainers available to the law office in order to have their services secured for a client. There are ethical issues with nonrefundable retainers. Based upon the textbook and outside resources, find two states with differing positions on nonrefundable retainers. Briefly explain the two policies and the rationales for each in either allowing or not allowing nonrefundable retainers.
- “Commingling” is a term in the legal field that highlights a problem — particularly related to client funds. Please explain the accounting processes that must be followed by the law firm to assure that there is no commingling of funds in the law office setting. Use the textbook as well as the ABA Model Rules to support your answer and analysis
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