What exceptions to the fee-sharing rules apply to the nonlawyer employee? What parameters determine whether such exceptions are appropriate?
What will be an ideal response?
MR 5.4(a)(3) and DR 3-102(A)(3) provide an exception that allows lawyers or law firms to
include their nonlawyer employees in compensation or retirement programs. This type of
exception allows paralegals/legal assistants to be paid bonuses and to be included in
retirement compensation schemes.
In order for these types of compensation schemes to be considered legitimate, the money
given as bonuses needs to come from the firm’s general success (and not from a specific
case), or the money paid in to a 401(k) plan needs to come from net income (not gross
income).
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A factual message that transmits research results, vital recommendations, conclusions, and other information to the client, who in turn uses the information as a basis for decision making is known as:
A) the marketing research report B) the body report C) the advancement report D) the title fly page E) the decision rule
Wages of machine operators and other workers involved in actually shaping the product are classified as direct labor costs
Indicate whether the statement is true or false
Widgeon Co manufactures three products: Bales; Tales; and Wales. The selling prices are: $55; $78; and $32, respectively. The variable costs for each product are: $20; $50; and $15, respectively. Each product must go through the same processing in a machine that is limited to 2,000 hours per month. Bales take 7 hours to process, Tales take 4 hours, and Wales take 1 hour. Which product has the
highest contribution margin per machine hour? A) Bales B) Tales C) Wales D) Bales and Tales have the same
Discuss the age distribution of today's workforce.
What will be an ideal response?