Discover the Advance Bill Format for Marketing

Advance bill format for Marketing

this presentation is intended to give you a high-level overview of Lexus advantage pricing and law firm bobak practices so there's things you may not have really considered while you're you have your school ID which is free but in practice can be relevant to build back practices vary greatly among law firms so we highly recommend that you connect with your employer librarian or whoever your appropriate contact is at the firm or internship you work with to get a better understanding of the firm's plan and there go back policies so today's training is going to cover a number of components first off is who pays for lexis advance and that's a two part question First Lord deals with the cost of your firm and the second part deals with the cost of it some firms choose to charge their clients from there we'll discuss about knowing what's outside of your plan and when you incur a cost from there we'll move into how to research charge is itemized so how do they track what research is done for what client and finally we will discuss very quickly about what to see you I first thing in a note is just a quick reminder that this summer you do have unrestricted access to lexis advance you do not need to take any steps such as registering you will simply continue to log in to your loss lady and you can use this to research for school for work what that's public private government you can use your leidy for whatever reason you would like and for those of you that are graduating you'll continue to have Lex access to lexis advance for 90 day or apologies for six months so starting june first you will migrate to what's known as a graduate ID so be sure to use your student points before that and from then same idea you can use your graduate ID for whatever purpose whether that's work or studying for the bar and it will continue all the way through the end of december so that first part who pays what exactly is a lexis advance subscription lexis advance subscriptions are available only through a flat rate plan that means a law firm pays the same amount of money every month regardless of how much research is done the only time an additional charge will ever be incurred in the someone accessing the document outside of the firm subscription and we'll go into that and a little more detail in a minute easiest way to think about this is like a cable bill you pay four tiers of content so you can have that very basic level or you can go all the way up to what your schools have where they're paying for all the movie channels all the hbos odd men all of those things so let's take a quick look at how a firm might set up a plan with Lexus if you're a small solo practitioners here in Texas say you're dealing with criminal law you are necessarily going to want to pay for Connecticut tax law or California Civil Procedure so you're the attorney here could actually pay for just a single state primary content so in this case maybe they're just paying for the cases statutes and administrative materials dealing with criminal law in Texas or maybe they also want to add on the relevant federal primary content and some content specific secondary sources here you can see the different ways in the approximate monthly cost they would have so as you add additional content the monthly price goes up but it goes by up in less incremental matters now one thing to note is when you're using a law firm ID the vast majority of your research is not going to cost your firm any additional money we've actually tracked and found that ninety-nine point nine percent of all documents access on lexis advance are within a firm subscription and also make sure you note other activities that are included in firm subscriptions or searches alerts Shepherd reports so all those other things the only time of firm will incur an additional charge when you purchase a document outside of your content will come back in a second to who pays the client aspect of it to quickly discuss that out of plan we were just talking about here remember that less than one percent of documents are accessed outside of plan the only time you will ever encourage charge is if something outside of your plan is purchased and to do that you must select the get it now option how you can typically hyperlink into a case document through both where your keywords are or through the title of the document itself all of that will actually be grayed out and you'll see this get it now button with the price of the document next to it here you can see the outside subscriptions charges for each individual document type once you select this you'll be prompted again to incur the charge and then your firm would be billed whatever the document access charges so in this example say you purchase a case that was outside of your plan it will cost you two dollars and you will maintain that case for the next 90 days you can download it princess you can do whatever you would like that document is now yours for 90 days so in the past where you hear stories of a summer so she accidentally racking up a thousand dollars for a firm on the old time model or things like that it doesn't happen anymore it's very very clear when a charge will be incurred outside of the normal subscription so don't worry now jumping back where you go into who pays what's known as cost recovery or bill best so forty percent of firms will actually choose to build our clients for their online research this is going to be outside of the normal hourly rate there are multitudes of ways in which we can do this but the most common or what are known as document access document access charge plus search charge or primary law only I'm going to go into document access charge plus search charge as this is probably the most common one you'll see and this is the one used most often and am locked 100 and 200 firms so effectively there will be a flat rate that is charged by the firm for a search and for a document access going back to our hundred dollar example we can say that he charges one dollar for every search he conducts in one dollar for every document he accesses for a client so if he does 50 searches and 50 documents he has build back a hundred dollars and something to know is that is the maximum amount he'll be allowed to build back a firm can never profit off of a subscription so they can only go back the maximum amount that they pay to lexis advance so using that same example let's say he accesses additional 50 document so he's now run 50 searches and a hundred document accesses he can't note he can no longer charge the dollar per document access is that would make it $150 said he has to charge 56 when you strap elate this out to these larger firms what you'll actually find is that you're typically building pennies on the dollar for searches and pennies on the dollar for document accesses so don't hesitate to do thorough research because you believe you're going to be racking up a large go for your client it is very very minimal as you'll see the average build back rate is about forty dollars when firms choose to build back for the searches and again that will then be drastically discounted based off of the amount of researching term done by a firm and as we mentioned the start be sure to reach out to whoever your law firm librarian or contact is to get more explicit details on your actual firms bill back procedures so how are those research items research charges itemized if you've come in my previous drainage normally it's always discuss setting up client IDs for your projects it's to get in the habit of using them as you will when you're in practice because this is how firm monitors what research is done for what client when your man internal from idea will actually dictate that you select a client ID prior to sever starting your research but if you're using your law school ID it's a good habit to go ahead and get to now to set new client IDs for your projects and work on switching back and forth at the end of each month lexus will send a itemized list to the firm saving the number of searches and the number of documents access for each individual client allowing them to then use that to go back based off whatever measure they do it's a good idea now as I mentioned to get in the habit of using client IDs and switching them because if you fail to do so you will actually have to sit down and work through your history with an administrative assistant to make sure that you properly identified each individual search and document to the relevant client because of course you don't want to the client that didn't actually use it the final item that you may run into especially those you all that end up in large laws what's known as a cui or a custom user interface it's a widget on affirms Internet so when you log on on your firm computer to the internet it will be a little button you can select that will take you into a select content on lexis advance that does not need a user ID to access in which will be non-billable the most common ones on a custom user interface are the matthew bender treatise series so things like larson's on unemployment Colliers on bankruptcy that you can read without billing to any specific client as well as the imprint so just the ability to throw in a bunch of citations and have them directly print off to your firm's printers this has been a very quick overview and a high-level look at how commercial pricing and commercial bill backing works if you have any additional questions you can always reach out to me directly or you can speak with your law firm librarians as well as yours Law School your LexisNexis counterpart my LexisNexis counterpart at the firm or at the government office so wherever you are they have a lecture subscription they will also have an account executive they can go into more detail on the specifics of your firm or your agency's contract itself