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Double Billing
Double billing refers to charging for the same product twice. Commerce In commerce, double billing is the error of charging a customer twice for the same unique product or service. This can occur due to a change in product name or due to a software error. Law In law, double billing refers to charging an hourly rate to two clients for the same time spent working. The American Bar Association prohibits double billing. It is tantamount to overcharging, since the amount of time actually spent working on any one client's work is less than the amount billed to that client. Associates and partners alike at large law firms face significant pressure to double bill or to "pad" their hours in order to reduce overwork. These attorneys are usually required to bill 1800 to 2000 hours per year. This can ideally work out to a 40-hour work week, but it is usually 60 or more, since most attorneys must spend around two hours in the office for every one that they can bill to a specific client. In ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
American Bar Association
The American Bar Association (ABA) is a voluntary bar association of lawyers and law students, which is not specific to any jurisdiction in the United States. Founded in 1878, the ABA's most important stated activities are the setting of academic standards for law schools, and the formulation of model ethical codes related to the legal profession. As of fiscal year 2017, the ABA had 194,000 dues-paying members, constituting approximately 14.4% of American attorneys. In 1979, half of all lawyers in the U.S. were members of the ABA. The organization's national headquarters are in Chicago, Illinois, and it also maintains a significant branch office in Washington, D.C. History The ABA was founded on August 21, 1878, in Saratoga Springs, New York, by 75 lawyers from 20 states and the District of Columbia. According to the ABA website: The purpose of the original organization, as set forth in its first constitution, was "the advancement of the science of jurisprudence, the pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Associate Attorney
An associate attorney is a lawyer and an employee of a law firm who does not hold an ownership interest as a partner. Types Practicing attorney An associate may be a junior or senior attorney, but normally does not hold an ownership interest in the firm even if associated with the firm for many years. First-year associates are entry-level junior attorneys and are generally recent law school graduates in their first year of law practice. Generally, an associate has the goal of being made a partner in the firm, after a number of years gaining practice experience and being assigned to increasingly important and remunerative tasks. At firms with an "up or out" policy, associates who are repeatedly passed over for promotion to partner may be asked to resign. Some firms will also have "non-partner-track" associates who, though performing satisfactorily as employees, for whatever reason, will not be promoted to partner. Junior attorneys were formerly called "law clerks"; the term "assoc ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Partner
A business partner is a commercial entity with which another commercial entity has some form of alliance. This relationship may be a contractual, exclusive bond in which both entities commit not to ally with third parties. Alternatively, it may be a very loose arrangement designed largely to impress customers and competitors with the size of the network that the business partners belong to. Partnership formation A business partner or alliance can be crucial for businesses. However, businesses can not choose business partners, called business mating, in any way they want. In many instances, the potential partner might not be interested in forming a business relationship. It is important that both sides of the agreement complement each other and have some common ground, for example in management style, mindset, and technology. If, for example, management style would be to different between the firms, then a partnership could be problematic. Kask and Linton (2013) investigate under ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Law Firm
A law firm is a business entity formed by one or more lawyers to engage in the practice of law. The primary service rendered by a law firm is to advise clients (individuals or corporations) about their legal rights and responsibilities, and to represent clients in civil or criminal cases, business transactions, and other matters in which legal advice and other assistance are sought. Arrangements Law firms are organized in a variety of ways, depending on the jurisdiction in which the firm practices. Common arrangements include: * Sole proprietorship, in which the attorney ''is'' the law firm and is responsible for all profit, loss and liability; * General partnership, in which all the attorneys who are members of the firm share ownership, profits and liabilities; * Professional corporations, which issue stock to the attorneys in a fashion similar to that of a business corporation; * Limited liability company, in which the attorney-owners are called "members" but are not direct ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cameron Stracher
Cameron Stracher is a writer, law professor, and media lawyer. He is a graduate of Harvard Law School and teaches at New York Law School. After graduating from Harvard, he worked for one year at the law firm of Covington & Burling in Washington, D.C., and then moved to Iowa City, Iowa, where he received a Master of Fine Arts in creative writing and taught legal writing at the University of Iowa College of Law. Moving to New York City, he then spent five years at CBS, where he specialized in First Amendment litigation and other legal issues facing the media. Until August 2004, he was a partner at the law firm of Levine Sullivan Koch & Schulz in New York City. He later became general counsel of American Media, Inc. A360 Media, LLC (branded a360media), formerly American Media, Inc. (AMI), is an American publisher of magazines, supermarket tabloids, and books based in New York City. Originally affiliated with only the ''National Enquirer'', the media company ... In 2011 he publishe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a vi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
