In January of 2020 LEDES 1998BI was updated to extend the tax rate field. LEDES 1998BI version includes 51 fields to allow more information such as timekeeper classifications, tax rate, law firm and client addresses. LEDES 1998BI builds on from the 1998B version to allow for international billing. It is currently the most-widely used e-billing standard in the legal industry in the United States. LEDES 1998B is a pipe delimited format containing 24 fields. LEDES 1998 format was the original created in 1998 to bring a standard billing structure to legal e-billing, but was quickly updated and replaced by LEDES 1998B. There are two main LEDES billing formats - 1998 (B & BI) and XML: What is LEDES 1998? Several different LEDES billing format types were specified by the LEDES Oversight Committee with the goal to standardize e-billing across the industry. What are the types of LEDES billing formats? Throughout the years, the LOC has created multiple LEDES billing formats to account for various legal billing needs Expense codes categorize expenses made by the law firm (ex.Spoke to witness in relation to slip and fall case). Activity codes identify the specific service performed (ex.Within Litigation, under Assessment, task code L120 Analysis/Strategy). Task codes are a granular description of the service provided by area of law (ex.Within UTBMS you may find task codes, activity codes and expense codes. Uniform Task-Based Management System (UTBMS) is a series of codes developed by the ABA to classify legal services that the law firm performs and submits as electronic invoice. What are Uniform Task-Based Management System codes? The LEDES e-billing standards are globally recognized and accepted as industry-specific EDI (Electronic Data Interchange) standards for the exchange of legal e-billing information.Īdditionally, when a LEDES invoice is submitted, part of the data contained can include Uniform Task-Based Management System codes. The LOC now offers several different formats to account for legal e-billing software issues, such as hourly billing, expenses, tax and multiple currencies. The standard LEDES formats benefit corporations since they’re able to clearly understand, and review attorneys itemized tasks, and expenses and get the invoice paid faster. Meet the needs of enterprises, law firms and legal industry software vendors to the maximum extent possible consistent with the first four criteria.Only ask for information the law firm is typically able to provide from their financial system.Diverge from existing formats as little as absolutely necessary.To standardize legal e-billing across organizations, and to avoid different formats in the legal industry, the LOC decided to use open standards that are based on the following five basic principles to guide the LEDES formats:
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