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What is project specific BGC in TCS?
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Anyone feel they’re slow?
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What is project specific BGC in TCS?
Anyone feel they’re slow?
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Closing prep; prepare, audit and collate signature pages; revisions to loan documents; discussion and attention to emails re same
“Miscellaneous work on closing”
We’re normally billing via the closing statement so my clients don’t really care about the bill entry. YMMV. Always ask your partner when in doubt about billing entries.
As a first year I’ve been struggling with this - feel like my whole day is dedicated to closing but not really sure what I spend the time actually doing
Buy representing the financing party (bank lender)
“Attend to closing matters”
I freely write "attention to closing" for a 12 hour time block.
This depends on the client/billing partner. When I hire outside counsel (which is rare) I wouldn’t have a problem with “attention to closing” because I know exactly what they’re doing and how much it should cost. Being too detailed can actually be a bad thing—unless you’re a bankruptcy lawyer whose fees are scrutinized by the US Trustee, but that doesn’t seem to be OP’s issue.
It depends on the client and circumstance, but "attend to closing matters" whenever I can.
I’ve used “Attend to closing” for over 20 years and never been questioned (primarily lender side finance, so one liner bills submitted to the title company, usually in advance of closing, to be paid by the borrower at closing).