Hourly – Calculated hourly rate based on the Fee Schedule rates assigned to the matters
Task Based – Same as hourly but required Task Coed be entered in Time Entries. Optional requirements may be set for Activity Codes and Tasks on Expense Entries.
Flat Fee - Flat Fee billing you have the option to bill the fee amount just once at the client/matter level. Once this item is billed, Firm Options will set new billing agreements based on Entries noted in Firm Options. (See Retainer Billing)
ProBono – Works much the same as Non Billable. If selected, Time Entry ‘Billable Time’ fields for this Matter will be unmarked. This field may be overridden. If the entry is not marked as Billable Time, the Fee Amount is automatically calculated as 0.00.
NonBillable - are defined as those hours recorded in the system which have no dollar value associated with them. If it is entered with a zero value, then it is considered as non-billable. If it is entered with a value, it is considered billable, and when billed at no charge will be treated as a markdown. When non-billable hours are "billed", the timekeepers effective or billed rate will be affected. The effective or billed rate is determined by dividing the amount billed by the hours billed, thus billed nonbillable hours will increase the number of hours which are divided into the amount.
Contingency – Bill amount is contingent upon the outcome of the case. Fee calculated same as Hourly and the fee schedule assigned to the matter.
Retainer billing in Juris is similar to Flat Fee billing except that you will be billing the same amount every month, whereas Flat Fee billing you have the option to bill the fee amount just once.
If you are going to set a client up with a Billing Agreement of Retainer, you will need to enter in the retainer amount. Next, you will need to enter in a Retainer Type. The 4 retainer types you have to choose from are:
Total billed: This means the amount you have entered in as the retainer is the amount the client will be billed regardless of how much time is worked and expenses entered in. In this case it would be similar to a 'flat fee' but the client would be billed this amount every month or for what ever the billing frequency is setup for.
Fee Total: This means the amount you have entered in as the retainer is the amount of the fees the client will be charged plus whatever expenses are incurred.
Minimum Bill: The bill total (fees + expenses) will always be AT LEAST the amount of the Retainer. If the fees+expenses go over the Retainer amount, then the bill total will be greater than the Retainer. If the fees/expenses total less than the Retainer amount, then the bill total will be the Retainer amount.
Minimum Fee: The Fee amount on their bill will always be AT LEAST the amount of the retainer. If the fees go over the Retainer amount, the fee total will be greater than the Retainer and then expenses will be added in addition to that. If the fees total less than the Retainer amount, the fee total will be the Retainer amount and then expenses will be added to that.