Author Question: Law firms keep track of billable time by requiring legal professionals to submit time slips and ... (Read 49 times)

jho37 · **on:** Aug 3, 2018

Law firms keep track of billable time by requiring legal professionals to submit time slips and usually require attorneys or paralegals to generate a minimum number of billable hours per year. The reason for requiring a minimum number of billable hours is

a. To accurately bill clients
b. To subject legal professionals to a significant amount of pressure
c. That the financial well-being of the firm depends on the number of billable
hours generated by its employees
d. That only billable hours can be billed to the clients

Question 2

A law firm's overhead expenses, which are a part of the billing rates of lawyers and paralegals, include all of the following but:

a. Rent
b. Utilities
c. Supplies
d. Personal transportation