Legal statements can be difficult to understand. To help you understand the statement better, our firm has prepared a legend to assist you in reading the statement.
What does “SCB” mean?
While we do our best to avoid using any abbreviations in our accounts, sometimes they sneak their way in there. Here is a list of commonly used abbreviations that you may come across on your statement:
What is OP?
In family law, the Opposing Party is often abbreviated to OP. Often times, the opposing party is the spouse from whom you which to separate.
What is OC?
In family law, OC is often abbreviated from Opposing Counsel, which means the legal team retained by the opposing party.
What does OTS stand for?
Often used in family law, OTS stands for Offer to Settle.
What does TSC stand for?
Trail Scheduling Court
What does TMC stand for?
Trial Management Conference
What does TMCB stand for?
Trial Management Conference Brief
What does TSEF stand for?
Trial Scheduling Endorsement Form
What does SCB stand for?
Settlement Conference Brief
What is CAS?
Children’s Aid Society
What does the term A/R mean?
Accounts Receivable; or “outstanding balance”
What does WIP mean?
Work in Progress; or “unbilled work”
What is In Trust?
Your retainer funds being held in our trust account
What does “0.1” mean?
Billable hours are divided up into tenths of an hour. Below is a helpful chart to better explain how this works:
Minutes on Task: Amount Billed:
0-6 0.1 hr
7-12 0.2 hr
13-18 0.3 hr
19-24 0.4 hr
25-30 0.5 hr
31-36 0.6 hr
37-42 0.7 hr
43-48 0.8 hr
49-54 0.9 hr
55-60 1.0 hr
When more than 0.2 of an hour is spent working on your matter, we will set out the time from start to finish that was spent on your matter. For example, if we begin a phone call with you at 12:05 p.m. and the call ends at 12:22 p.m., you will see a 0.3 billed to your account at the respective hourly rate of whomever the call was with.
