How to submit Fixed Fee on LEDES file: for Vendors (Law Firms)

 

1. Assign the code IF to the field/column EXP/FEE/INV_ADJ_TYPE. This indicates an invoice-level adjustment on fees and, in this case, a flat fee.

2. Set LINE_ITEM_NUMBER_OF_UNITS to 1.

3. Set LINE_ITEM_UNIT_COST to the flat fee amount. This auto-calculates the amount as LINE_ITEM_UNIT_COST multiplied by LINE_ITEM_NUMBER_OF_UNITS.

4. Add a LINE_ITEM_DESCRIPTION to make sure you are aligned with client billing guidelines/expectations.

 

Example:

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The following link is for LEDES.Org where you can see the requirements for file standards and examples: https://ledes.org/ledes-98bi-format/ 

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