Solicitor’s Billing Flashcards
What is the Legal Practitioners Act 2004?
A law governing the conduct and remuneration of legal practitioners.
What are the Rules of Professional Conduct for Legal Practitioners 2007?
Regulations that guide the ethical and professional behavior of legal practitioners.
What does the Land Instrument Preparation Law entail?
Laws related to the preparation of land instruments.
What is the Legal Practitioners Remuneration for (Legal Documentation and other Land Matters) Order 1991?
An order that outlines the remuneration for legal documentation and land matters.
What are Judicial Authorities?
Entities that interpret and apply the law in legal matters.
What is a Scale Fee?
Fees charged under Scales I and II for non-contentious matters, fixed and non-disputable.
What is a Fixed Fee?
A fee charged for specific works like writing letters or wills, usually a flat rate.
What is an Hourly Rate Fee?
A fee charged based on the number of hours spent on a client’s work.
What is a Percentage Fee?
A fee based on the transaction value; higher value means higher percentage.
What is a Contingency or Success-Based Fee?
A fee charged after the success of an action, based on the amount recovered.
What are the conditions for charging a Contingency Fee?
The arrangement must be reasonable, free from fraud, not contrary to public policy, and must not relate to criminal matters.
What is Scale I in the Legal Practitioners Remuneration Order?
Deals with completed transactions of sale, purchase, or mortgage of land.
What is Scale II in the Legal Practitioners Remuneration Order?
Deals with leases and agreements for leases that have been completed.
What is Scale III in the Legal Practitioners Remuneration Order?
Covers all other legal documentation not provided for in Scales I and II, with fees being fair and reasonable.
What are the principles for charging under Scale III?
Consider complexity, skill, property value, document importance, client importance, places visited, and time spent.
