Sentences with phrase «evergreen retainers»

Spot low balances for evergreen retainers and issue reminder letters to acquire additional funds before the retainer runs dry.

In 10 Do's and Don'ts of Legal Trust Accounting, you will learn what types of funds can go into your trust account, tips for maintaining evergreen retainers, and how to survive an audit.

We discussed the company's evolution, its newest Pon Farr release, the value of evergreen retainers in the battle for collections, the need to focus on software performance improvements over feature enhancements, and the future of cloud - based law firm management.

An evergreen retainer allows an attorney and client to agree on a static retainer amount, with the client's obligation being the replenishment of that retainer at set intervals.

Virtually all experienced attorneys insist on upfront payment, either by charging a flat fee for a case or by asking for an evergreen retainer to cover billable hours and expenses incurred while handling the matter.

As a next step in the development of this feature, Clio plans to add the ability to automatically generate trust requests where there is an evergreen retainer agreement.

Often, law firms have an «evergreen retainer» policy in place — as a trust balance is reduced below a predetermined amount, a notice is sent to the client with a request for replenishment of funds.