Brainscape's Knowledge GenomeTM

Browse over 1 million classes created by top students, professors, publishers, and experts.


See full index

QA > Legal > Flashcards

Legal Flashcards

1
Q

Billing Attorney

A

manages/reviews time/billable hours on the invoice (usually the same person as originating attorney)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
2
Q

CLE

A

continuing legal education

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
3
Q

Client

A

entity hiring firm

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
4
Q

Conflicts Check

A

searching system for names of parties involved to ensure there are no conflicts of interest if they take the case

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
5
Q

Contingency cases

A

firm get paid if they win, typically do not enter time on these types of cases

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
6
Q

Docket

A

attorney “to-do” list by deadline (date or date/time)

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
7
Q

Ethical Walls

A

security put around client matter so only certain firm members can access

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
8
Q

Evergreen Retainer

A

predetermined minimum amount paid up front to pay for fees and expenses

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
9
Q

Fee Agreement

A

contract that binds you and the lawyer, and determines how the client is billed

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
10
Q

Law Firm Metrics

A

(KPIs) used to measure success of timekeeper

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
11
Q

Legal Assistant

A

possibly a paralegal/secretary

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
12
Q

Litigation

A

suing/being sued

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
13
Q

Matter

A

product/case

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
14
Q

Matter Status

A

active/inactive cases needing billed or paid

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
15
Q

Matter Types

A

legal practice area

How well did you know this?
1
Not at all
2
3
4
5
Perfectly
16
Q

Member or Shareholder

A

owner of stocks in a company

17
Q

Non-Equity Partner

A

lawyer that does not share in the profits or capital of the firm

18
Q

Originating Attorney

A

attorney who solicited and won client

19
Q

Paralegal

A

person tasked w/ legal prep, but is not a lawyer

20
Q

Partner Compensation

A

how partners in a firm get paid

21
Q

Partner or Equity Partner

A

co-owner of firm who shares profits

22
Q

Responsible Attorney

A

attorney responsible for invoices, managing client (reports to billing attorney)

23
Q

Retainer

A

prepayments on time and cost

24
Q

Timekeeper

A

anyone who bills their time at a firm

25
Q

Trust

A

money the firm holds for a client

26
Q

USPTO

A

United States Patent and Trademark Office

27
Q

Write down

A

reduction in amount billed to client

28
Q

Working Attorney

A

any attorney who produces billable hours

29
Q

Write off

A

cancellation of debt

QA (3 decks)

Brainscape helps you reach your goals faster, through stronger study habits.
© 2024 Bold Learning Solutions. Terms and Conditions