ALA CLM Practice Questions - Association Of Legal Administrators (ALA) Certified Legal Manager (CLM) Exam

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A firm has standard fees of $1,000,000 billed and collects $820,000. Worked time at standard rates was $1,250,000. What is the firm's collection realization rate?

65.6 percent 80.0 percent 82.0 percent 152.4 percent

Correct Answer:

82.0 percent

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