Legal Support Law Office Management 2

Question 1

What is an 'IOLTA account'?

Accepted Answer

A pooled interest-bearing trust account for client funds that generates interest for legal aid

Answer

A retirement account for attorneys

Answer

An investment account for law firm profits

Answer

A government-mandated escrow account

Question 2

What is 'electronic filing' (e-filing) in court practice?

Accepted Answer

The electronic submission of court documents through an online court portal

Answer

Scanning paper documents for the firm's records

Answer

Emailing documents to the court

Answer

Saving documents to a shared drive

Question 3

What is a 'case management system' in a law firm?

Accepted Answer

Software that organizes client files, deadlines, contacts, and case information

Answer

The court's system for assigning cases to judges

Answer

A system for managing associate workloads

Answer

A billing and collections platform

Question 4

What is the purpose of a 'file retention policy' in a law firm?

Accepted Answer

To establish how long client files must be kept and when they can be destroyed

Answer

To determine who can access client files

Answer

To set rules for naming and organizing files

Answer

To establish backup procedures for digital files

Question 5

What is a 'paralegal' and how do their duties differ from an attorney's?

Accepted Answer

A trained legal professional who assists attorneys but cannot give legal advice or represent clients in court

Answer

A lawyer who handles only paralegal duties

Answer

An attorney with limited bar admission

Answer

A law clerk who works under judicial supervision

Question 6

What is 'billing write-off' in law firm accounting?

Accepted Answer

Reducing or eliminating billed fees that the firm decides not to collect

Answer

Writing a client's check

Answer

Recording expenses paid on behalf of a client

Answer

Adjusting billable hours upward