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Objective:
- Billing
- Rates
- Hourly Rate
- Flat Fee
- Contingency Fee
Environment:
- Clio Web App
Additional Information:
Contingency Fees are only available to Boutique and Elite subscription plans
Answer:
- An Hourly Rate allows you to record Time Entries with a Client, Matter, and Activity specific rates.
- A Flat Fee will automatically create a Time Entry and bill for the flat fee and tracks your time at a $0.00/hr rate.
- A Contingency Fee option will allow you to specify a contingency fee percentage and the award or settlement amount won at the completion of the case. You are then able to generate a bill to provide to your client and you can receive payment from the award in trust.