Nevada § 228.1115 - Contingent fee contract with retained attorney or law firm: Maintenance of certain records by retained attorney or law firm; submission of billing statements; public records

§ 228.1115. Contingent fee contract with retained attorney or law firm: Maintenance of certain records by retained attorney or law firm; submission of billing statements; public records

1. A retained attorney or law firm shall, from the beginning of the term of the contingent

fee contract until a date not less than 4 years after the date on which the contract

expires or is terminated, maintain records of all expenses, disbursements, charges,

credits, receipts, invoices, billing statements and all other payments made by or

to the retained attorney or law firm in connection with the matter that is the subject

of the contract. 2. In addition to the records described in subsection 1, the retained attorney or

law firm shall prepare and maintain contemporaneous records reflecting the work performed

on the matter by the retained attorney or law firm, including, without limitation,

any work performed by a paralegal. The records must specifically describe the work performed, identify the person who

performed the work and set forth the time spent in connection with the work, in increments

of not more than one-tenth of an hour. 3. Not less frequently than quarterly during the term of a contingent fee contract

and any extension or renewal of the contract, the retained attorney or law firm shall

prepare and submit a billing statement to the Attorney General and any other officer,

agency or employee represented by the retained attorney or law firm. For the period covered by the statement, the billing statement must specifically

describe the work performed on the matter by the retained attorney or law firm and

set forth the time spent in performing the work. 4. The billing statements and other records described in this section are public records

and must be open for inspection pursuant to NRS 239.010 .