Task-based billing refers to which of the following?

Task-based billing involves charging clients a specific, predetermined amount for a clearly defined task or service, rather than billing for the time spent on that task. This billing method provides clients with predictability and transparency regarding costs, as they are aware of the total fee upfront without concerns about fluctuating hours. It contrasts with traditional hourly billing, where clients are charged based on the actual time spent on their case, which can vary greatly and may lead to unexpected costs.

By defining the services included in the task-based fee, legal professionals can streamline their billing process and often enhance client satisfaction, as clients appreciate knowing exactly what they will be paying for certain services without ambiguity. This structure can be particularly appealing for routine services or transactions where the scope of work is clear and can easily be encapsulated in a fixed fee format.