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Archived updates for Tuesday, September 04, 2007

UTBMS IP Billing Codes Approved by LEDES

The Legal Electronic Data Exchange Standard ("LEDES") Oversight Committee (“LOC”) has approved the UTBMS Intellectual Property Billing Codes.

The UTBMS Patent Billing Codes can be downloaded here.
The UTBMS Trademark Billing Codes can be downloaded here.

In 1995, a consortium of legal service providers and consumers created the Uniform Task-Based Management System ("UTBMS") with standard code sets for four areas of law: litigation, counseling, bankruptcy, and projects. Those codes have now been supplemented with draft patent and draft trademark billing code sets. "An Introduction to Intellectual Property Task-Based Billing" is available here and here.

LEDES is an international, voluntary, not-for-profit organization comprised of legal industry representatives and is charged with creating and maintaining open standard formats for the electronic exchange of billing and other information between corporations and law firms.

Learn about "Ethics in Legal Billing" from IRMI.com via the Council on Ethical Billing at www.ethicalbilling.org
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