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https://www.freshbooks.com/hub/accounting/billable-hours
Billable hours are the amount of time spent working on business projects that can be charged to a client according to an agreed upon hourly rate. Businesses, agencies, entrepreneurs and freelancers all frequently use billable hours to charge clients for the services they provide.
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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://www.thebalancecareers.com/billable-hours-in-consulting-1286918
Billable hours represent work hours that a staff member reports as being chargeable to a client. The concept is not unique to consulting, as a variety of professional services firms bill clients by the hour. For example, public accounting and legal services firms also traditionally bill by hours of staff time.
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
It’s important to note that while the majority of traditional law firms focus on billable hours, public interest law firms don’t bill their hours to a “client” and small law firms outside of large cities may not have such a high billable hour requirement for their associates.
https://roseninstitute.com/hours-associate-bill/
Many lawyers bill lots of hours. Fewer lawyers actually collect on those billings. The number of dollars collected matters far more than the number of hours billed. Nobody cares about the time you spent, the hours you billed, or the effort you expended. The bottom line is the bottom line.
https://www.clicktime.com/blog/billable-vs-non-billable-hours-how-to-get-paid-for-both/
On the surface, the answer is pretty simple: charge enough for your billable hours to cover the cost of all of your non-billable activities. You can, of course, use a billing rates calculator to figure out what to charge for your work. But without first looking into how many hours you currently spend on both billable and non-billable activities, you’re missing out on opportunities to ...
https://www.practicepanther.com/blog/first-year-associates-billable-hours/
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.
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