Fee arrangements: hourly, fixed, stages, success or retainer

Each matter has one fee arrangement. Owners, partners and the accountant set it in the Fees & time section of the matter page: Set fees (or Edit fees), then Save fees.

Types

• Hourly: Hourly rate (excl. VAT). Used as a fallback rate for time entries.
• Fixed fee: Fixed amount.
• By stage: a Stages list (stage name and amount) using Add stage.
• Success fee: Success % and Calculated on.
• Monthly retainer: Monthly retainer.
• Mixed: combines the fields above.

What goes onto the invoice automatically?

When you import unbilled work, Practice adds lines for:

• The fixed amount: once per matter.
• Each stage not yet invoiced: one line per stage; after the invoice is issued the stage shows as Invoiced.
• The monthly retainer: once per calendar month.

Members' hourly rates

Only the owner and partners set these, at the bottom of the Time & expenses page under Member hourly rates (save or clear). When time is logged, the member's rate is used first, then the matter's rate.

Open matters