Many Clients Prefer It When Law Offices Bill for Paralegal

question 12

True/False

Many clients prefer it when law offices bill for paralegal time as well as attorney time because paralegal hourly rates are much lower than the attorney hourly rates.

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Definitions:

Inventories

Stocks of goods and materials that businesses maintain to meet customer demand without delays.

Financial Assets

Assets that derive value because of a contractual claim, such as stocks, bonds, bank deposits, and notes receivable.

Local Governments

Entities responsible for governing areas smaller than a state or province, often focusing on municipal or regional issues.

Federal Government

The national government of a federal country, which shares sovereignty with the subnational governments (states, provinces, etc.).