4643792
Description
Flashcards by djcoda2000, updated more than 1 year ago
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Created by djcoda2000
about 8 years ago
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| Question | Answer |
| Beneficiary | One who benefits from the action of another |
| Caveat | Let him beware |
| Causa Mortis | In contemplation of approaching death |
| De bene es se | Conditionally; in anticipation of future need |
| Cestui que trust | The beneficiary of a trust |
| Fortutious | Unexpected; happening by chance or accident |
| Ex turpi causa non oritur actio | No cause of action may be founded upon an immoral or illegal act |
| Exculpatory | Clearing from alleged fault of guilt |
| Exigible | Able to be charged |
| Billable Time | is actual time that a lawyer or paralegal spends working on a case and that is directly billed to a client’s account |
| Legal value added | any activity that a lawyer or paralegal perform to further a client’s case (other than clerical functions |
| Non-billable time | is time that cannot be directly billed to a paying client |
| 3 Types of Non Billable Time | • General firm activities • Personal time • Pro bono work |
| • Pro bono | Legal services provided free of charge to a client not able to pay |
| Overhead | refers to general administrative costs of doing business |
| Leveraging | is the process of earning a profit from legal services that are provided by law office personnel |
| Loss prevention | refers specifically to insurance losses |
| Alternative Forms of Practice | Sole Practitioner Space-Sharing Arrangements Partnership and Limited Liability Partnerships Multi-Disciplinary Partnership |
| 4 stages of a file | Opening Closing Storing Destroying |
| What is a Conflict System | Each law firm must have a system for determining whether there is a conflict of interest before starting to act for a client |
| When to check for Conflict of Interest | 1) when a potential client contacts the firm 2) more detailed check after you interview the client about all the relevant parties and witnesses |
| litigation files usually have 4 main folders | Accounting Correspondence Documents Pleadings |
| Various Abbreviations | TT= telephone call to TF = telephone call from LT = letter to LF = letter from CC = carbon copy LM = left message |
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