Rate Hierarchy
The rate hierarchy, ranked from lowest priority to highest, is as follows:
- User default rate
User rates are the default rate that Matters.Cloud will apply to time entries when it is not overridden by a Matter or Client level rate.
- Client based rate
Client rates over-ride User Rates and will automatically apply to time entries for the selected Client / User combination. Rates can be set either for All users or for a Specific user.
- Matter based rate
Matter rates over-ride both Client and User rates and will automatically apply to time entries for the selected Matter / User combination. Rates can be set either for All users or for a Specific user.
- Activity based rate
Activity rates over-ride Matter, Client and User rates and will automatically apply to time entries when the associated Activity is selected.
Time entry based rate
Users can over-ride the assigned rate as part of entering a Time Entry.
Rate Setup
Click on Setup > Time > Rates to view, create or update rate types.
Rate Types
Firms can also configure multiple Rate types to cater for different types of legal work, or pre-agreed discounting arrangements.
Consider a scenario where a firm establishes Rate types as Standard, Discount, and Premium, each associated with predefined rates. This setup enables firms to effortlessly allocate a Rate type to each matter, automatically inheriting the configured rates associated with that category.
Click on Setup > Time > Rate types to view, create or update rate types.