Fixed Fees: An alternative fee agreement structure that charges a legal department a one-time fixed fee for a service instead of hourly rates, regardless of usage. Project Management: The process of controlling and managing legal issues with a clear understanding of scope, schedule, risks and costs to ensure that projects are completed in accordance with operational objectives. The most effective Legal Ops teams use legal technology to their advantage. 40% of respondents in the CLOC State of the Industry 2021 report said their in-house legal departments have grown. In addition, the implementation of legal software was higher than in 2020. As these teams continue to grow, evolve and adopt new technologies, it is important that professionals understand the legal language. External Legal Counsel (AKA Provider): Law firms engaged to provide legal services to a company that is not served by in-house legal services. The Legal Ops teams manage the relationships with these companies. TK (Timekeeper): A member of a law firm such as a lawyer, paralegal or administrative member working on a legal case. The name comes from tracking the time they spend accurately billing customers. CLOC Core 12: List of the 12 functional areas of the Corporate Legal Operations Consortium that make legal operations successful: GC (General Counsel): This senior management officer, also known as the chief legal officer (CLO), advises the company on all legal and risk management matters. A GC oversees the in-house legal team. Maverick expenses: Unexpected expenses that are not discovered until invoices reach accounting.
Reducing this type of expense is a key responsibility for in-house legal teams. It is common in legal documents to cite other publications using standard abbreviations for the title of each source. Abbreviations can also be found for common words or legal phrases. These citations and abbreviations can be found in court decisions, laws, ordinances, journal articles, books, and other documents. Below is a basic list of very common abbreviations. Because publishers use different practices when it comes to printing abbreviations, it may happen that abbreviations with or without a period are given for each letter. For example, the Code of Federal Regulations may appear abbreviated as “C.F.R.” or simply “CFR.” Continuing your education will set you up for success, no matter what internal position you are in. Check out our beginner-friendly introduction to domestic law, our new article on how departments can use legal analysis, and our learning center. ALSP (Alternative Legal Services Provider): A company that only provides certain types of legal advice and addresses specific legal issues. ALSPs are competitors of traditional law firms. Below are the acronyms and abbreviations used in the Washington Legal Researcher`s Deskbook 3d, which is commonly found in Washington legal documents.
The list contains publications (full titles are in italics); bar associations and legal organizations; Federal and state authorities, committees, commissions and departments; Legal conditions; Court order; Statutes; and electronic databases and services. This is a representative and non-exhaustive list. Materials Management: The process of collecting, tracking and applying information on issues (legal projects) for decision-making throughout the life cycle. PA (Area of Practice): A specific type of legal work. Some common areas of law include litigation, finance, regulation, real estate, employment, intellectual property, energy, and healthcare. AFA (Alternative Fee Arrangement): Agreement between a client and a lawyer to pay the firm on the basis of a structure other than hourly billing. ERP (Enterprise Resource Planning): Software that integrates data from multiple departments such as finance, sales, purchasing, and HR into a single system to better understand the day-to-day operations of the business. Legal Operations Platform: A digital solution that centralizes all information on legal issues, suppliers and expenses. This type of software helps in-house legal teams perform better by giving them clear access to relevant data in one place.
For abbreviations that are not in this list, you can find other websites to search for here: Invoice: A list of legal services provided by a law firm, including a list of the total amount due. Legal Analysis: Objective data on legal fees, questions, billing and suppliers used for strategic decisions. CLOC (Corporate Legal Operations Consortium): A well-known network group for legal operations professionals focused on sharing best practices, solutions and data to drive innovation in the industry. e-Billing: Software designed to replace paper and email billing between legal departments and law firms. This technology automates the entire billing process to save teams time and energy. Whether you`re new to in-house experience, a senior attorney looking to familiarize yourself with the latest industry conditions, or an employee working closely with a company`s legal department, our dictionary is a great resource for expanding your knowledge in this complex area of advocacy. ELM (Enterprise Legal Management): Legal software that provides electronic invoicing, business management, document management, reporting and other important legal functions in a central system. Document Management: The process of storing, organizing, sharing, and reviewing complex legal documents.
UTBMS (Uniform Task-Based Management System): A code system used to easily categorize legal services and costs. See also “Display” above. “vs.” is used in most scientific writings in other fields, but “v.” only in legal writing.