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https://www.findlaw.com/legalblogs/strategist/law-firm-throws-out-billable-hours-for-associate-evaluations/
Nov 10, 2015 · Billable hours are treated, erroneously, like fungible goods. A billable hour paradigm might be okay if human beings were super-human powers, immune from fatigue. But one hour done by an associate with five clients does not equal the hour of work done by an associate with 50 clients. Quality inevitably suffers.
https://www.michaeldkelly.com/blog/2017/1/29/billable-expectations-40-168-1800.html
Jan 29, 2017 · 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 …
https://quickbooks.intuit.com/r/bookkeeping/billable-hours/
Jun 23, 2020 · To achieve 1,832 billable hours, the associate would have to work 10 hours and 20 minutes a day, every day, for 47 weeks. To meet today’s industry average of 1,892 billable hours, an associate would have to add 60 more hours in the year.
https://www.mvorganizing.org/how-many-billable-hours-do-law-firms-require/
Apr 30, 2021 · Firms “average,” “target” or “minimum” stated billables typically range between 1700 and 2300, although informal networks often quote much higher numbers. Is 2100 billable hours a lot? Typical associate chargeable hours in mega firms and large firms are 2,000-2,100 per year.
https://roseninstitute.com/how-much-should-you-pay-an-associate/
When a firm realizes that the profitability problem is rooted in overpaying associates, they have to either (1) pay the associates less, or (2) pay the associates the same amount while the associates watch their billables go up, either through price increases, greater responsibilities, or more billable hours.
https://rosenbergassoc.com/partner-billable-hours-staff-billable-hours-whats-the-correlation/
Here are billable hour facts for partners in multi-partner firms from The Rosenberg 2012 MAP Survey: 33% have fewer than 1,000 per year; 45% have between 1,000 and 1,300; 10% are in the 1,300s and 12% rack up more than 1,400 billable hours a year. Overall, partners average roughly 1,100 billable hours a year.
https://www.law.com/2021/05/04/law-com-trendspotter-billable-hours-are-smothering-associates-and-any-attempts-to-help-them/
May 04, 2021 · Scott MacCormack, Davis Wright Tremaine’s newly appointed managing partner, told Jackson his f irm’s billable hour requirement is 1,800 hours for associates—lower than the 1,902 average ...
https://www.fishbowlapp.com/post/how-many-administrativenon-billable-hours-do-you-have-per-week-only-working-6-billable-hours-per-day-right-now-tech
How many real hours does it take to reach 8-10 billable hours? First year associate here wondering what a 8-10 billable hour day would look like now that I’m seeing my workload ramp up slowly but surely.
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
Dec 18, 2018 · Billable Hours – This is the time spent on a client’s case which can then be billed directly to that client. This is also the time that most law firms spend a lot of energy measuring and tracking. Non-Billable Hours – While this is the time that can’t be charged back to a …
https://abovethelaw.com/2012/06/from-biglaw-to-boutique-you-are-not-your-hours/
Jun 14, 2012 · A former Biglaw lateral, for example, might view 1,800 billable hours per year as a modest and conservative estimate of likely billable hours. 1,800 hours times hourly rate equals worth to the ...
https://www.rocketlawyer.com/blog/bill-like-a-super-star-associate-912252
Bill like a super star associate. Lawyers / Matthew Hickey / 14 Feb 2013. As an associate at an international law firm, I quickly learned that my value to the firm was, at least partially, directly related to the number of hours I billed in a month. Associates, like myself, who consistently billed 2,100 hours …
https://www.nalp.org/0516research
NALP Bulletin, 2016. The most recent information available on hours worked and billed by associates suggests that both hours worked and billable hours worked increased in the most recent two-year period reported (2013 and 2014). Overall, average hours worked were 2,081 per year in 2014, compared with 2,067 per year at these same offices in 2013.
http://www.janhillcopywriter.com/wp-content/uploads/2014/04/Clio_Realization_Rates.pdf
Lawyer A records six hours, on average, out of an available eight hours per day. That represents a 75% utilization rate (6 recorded billable hours / 8 available hours=75%). Lawyer A records 120 billable hours for the month (6 hours x 20 days = 120). Lawyer A’s utilization is 120 billable hours. Lawyer A bills his 120 billable hours during the ...
https://www.olmsteadassoc.com/blog/law-firm-billable-hours-in-an-insurance-defense-firm/
Apr 26, 2016 · Most of my insurance defense firm clients expect a minimum of 1800+ annual billable hours from associates and partners. Often 1800 is a requirement to remain employed and the minimum threshold to be eligible for a performance bonus. Often I see billable hours at 2000 to 2200 in insurance defense firms.
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