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What is LEDES Billing? A Guide for Lawyers

Clio

These principles help law firms correctly submit invoices, track expenses, and create detailed reports in a consistent manner. LEDES was released to the legal world in 1998 and facilitated the exchange of legal billing information between law firms and corporate clients. 2008: LEDES XML updates to LEDES XML 2.0

Lawyer 59
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Ethical Considerations for Flat Fee Billing

Attorney at Work

This model is typically used when the anticipated work is predictable, such as simple estate planning, uncontested divorce and personal bankruptcy. In a flat-fee arrangement, also known as fixed pricing, the client pays a set amount at the beginning of the matter to cover the agreed-on work. 91-2 & Formal Advisory Opinion No.

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Thomson Reuters’ Message to Law Firms: Adapt to Market Changes or Become the Pan Am of Legal

Above the Law - Technology

The Thomson Reuters Institute, in its 2024 Report on the State of the US Legal Market , released today in partnership with the Center on Ethics and the Legal Profession at Georgetown Law ( whose URL returns a page not found), uses Pan Am’s story to drive home a simple point for U.S. law firms: Innovate or die.

Law firm 209
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Thomson Reuters’ Message to Law Firms: Adapt to Market Changes or Become the Pan Am of Legal

Legal Tech Monitor

The Thomson Reuters Institute, in its 2024 Report on the State of the US Legal Market , released today in partnership with the Center on Ethics and the Legal Profession at Georgetown Law ( whose URL returns a page not found), uses Pan Am’s story to drive home a simple point for U.S. law firms: Innovate or die.