This document is an explanation of the firm billing policies to be sent to the firm's clients. It states the hourly rates for senior attorneys, associates and paralegals. It also explains the services for which the client will be charged, the costs of hiring outside contractors (court reporters, process servers, etc.), payment of the firm invoices, and al other matters related to billing.
New Jersey Firm Billing Policies
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US-L03045C
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FAQ
Billing refers to the process of invoicing customers or clients for goods or services provided. It involves sending a bill or invoice that outlines the charges and payment terms. The purpose of billing is to request payment for the products or services rendered and to ensure timely payment from customers or clients.
Outside Counsel Guidelines (OCG) have become standard practice in the working relationships between law firms and their corporate clients. These requirements put forth by the client often include specific instructions on how firms should conduct their business ranging from ethics and conduct to staffing and billing.
Outside Counsel means an attorney authorized to practice law in the State of California who is not a state employee, including an excluded or exempt employee.
Coca-Cola never implemented a directive that required its outside law firms to use diverse lawyers for at least 30% of their billed attorney time on new matters. The company's current general counsel, Monica Howard Douglas, told shareholders in a Feb.
Not billing for research is an example of a guideline. For example: ?Outside counsel should not charge for research unless the lead attorney approves it.? In-house teams do not expect to pay for basic research; however, original research is sometimes necessary for matters related to niche or new areas of law.
An outside general counsel is a legal advisor and business partner. They can give you expertise and insight about best practices in your industry and help you with legal issues like contracts, intellectual property, business strategy, employment issues, and more.