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https://quickbooks.intuit.com/r/bookkeeping/billable-hours/#:~:text=To%20meet%20today%E2%80%99s%20industry%20average%20of%201%2C892%20billable,average%20workday%20of%2010%20hours%20and%2035%20minutes.
https://quickbooks.intuit.com/r/bookkeeping/billable-hours/
Billable hours: Work on your client’s case from 9:15 AM to 12 PM. Resume work on your client’s case, and work from 1 PM to 3:45 PM. Get back to work on client material, and don’t stop until 6:35 PM. Non-billable hours: Spend 30 minutes going through emails and other correspondence. Attend a 30-minute team meeting about casework.
https://law.yale.edu/sites/default/files/area/department/cdo/document/billable_hour.pdf
enough money from your billable hours not only to cover your salary and your overhead, but also to generate revenue for the firm. It’s not a complicated equation – the more hours you bill, the more revenue for the firm. Firms “average,” “target” or “minimum” stated billables typically range between 1700 and 2300, although
https://lesstimespent.com/blog/billable-hours-in-year/
A typical workday in the United States is 9:00am to 5:0pm, giving you eight hours to “work.” Total Billable Hours in One Year. If you do the math, 260 days x 8 hours per day = 2080 billable hours in a year. Employer Expectations. But the reality is you’re probably not billing a full 8 hours per day.
https://www.practicepanther.com/blog/first-year-associates-billable-hours/
PracticePanther. According to the National Association for Law Placement, the average number of billable time required from a first-year associate is 1,892 hours for the latest year listed, which is 2016. But the average number of billable hours required for first-year associates at firms with more than 700 attorneys is 1,930 hours.
https://www.isba.org/barnews/2015/04/22/best-practice-how-many-billable-hours-should-associate-produce
For many years the national norm for all firms has been around 1750 billable hours - much higher for litigation firms - often in the 1800-2000+ range. In my experience I find 1650-1700 a good target for most firms.
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
When maximizing the amount of billable hours an attorney has, it becomes necessary to increase the number of lawyer work hours worked overall. This means that some lawyers are working anywhere from 70 to 80 hours per week every week just to meet their billable hour minimums which can range between 1700 and 2300 hours a year.
https://www.michaeldkelly.com/blog/2017/1/29/billable-expectations-40-168-1800.html
168 billable hours in a month. Most consulting companies estimate that there are 168 billable hours in a month for each billable person. There's some fuzzy math to get to that number. But most reasonable measures will get you to something close to that. A quick example: 40 hrs per week x 52 weeks = 2,080 hrs in a year.
https://www.plumbingzone.com/threads/average-billable-hours-day.4737/
For you service companies, what is your average number of billable hours in a typical fulltime workday? This will vary a lot depending on if you count drive time as billable. It seems to me that if billing drive time, then a good day …
https://www.quora.com/What-is-your-average-amount-of-billable-hours-per-month-as-a-freelancer
~25 hours p/w billable client work ~15 hours p/w on non-billable work - proposals, emails. admin, etc; I don't really count how many hours I spend on top doing personal webby projects and hacking around, but I would hazard a guess as it easily being another 10+ hours p/w. This is generally done at evenings or at weekends as and when I can.
https://roseninstitute.com/hours-associate-bill/
You’ll recall that my minimum includes the write-downs, write-offs, uncollected, etc. That 100 is a collected number of hours. You’re likely profitable at 100 billable hours if you pay the associate $5,000 in wages, plus benefits and payroll taxes of about $1,500, for a total cost of about $6,500.
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