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Classify disbursements made on behalf of clier

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Reference no: EM133230199

1. Explain the following legal fee structures:

a. time valuc/hourly

b. tariff

c. estimated/flat fee

d. contingency ice

2. Name and explain the three types of docket entries.

3. Why do lawyers record the time spent working on a matter for a client?

4. Why should you endeavour to ensure that dally time entries are submitted promptly?

5. What types of bank accounts will a law firm maintain? Give an example of what monies would be deposited in such an account or accounts.

6. Why is it necessary to classify disbursements made on behalf of the clier?

7. Give two examples of taxable disbursements and of exempt disbursements.

8. Explain and give an example of when the following accounting forms would be used:

a. Cheque requisition

b. petty cash voucher

c. cash receipt

9. Monies have been received from the client during the course of acting for him or her. How are such monies referred to when the account Is rendered?

Reference no: EM133230199

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