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https://www.wolterskluwer.com/en/expert-insights/measuring-efficiency-why-billable-hours-are-not-enough
Apr 23, 2020 · There are two primary reasons for this shift. 1. Focus on client value. As firms shift away from relying on compliance work toward advisory and consulting services, simply measuring the number of hours people put in isn’t enough. Consulting …
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.logikcull.com/blog/2-ways-small-firms-can-double-their-billable-hours
If you find yourself struggling to bring in more billable hours, you’re not alone. Many lawyers aren’t able to fill up even half their day with billable work. According to the 2017 Legal Trends Report, unveiled yesterday at the Clio Cloud Conference, attorneys utilize only 2.3 hours a day on billable work, and collect on only 1.6 of those hours.
https://www.firmsconsulting.com/quarterly/billable-hours-strategy-consulting/
2) A billable hours model does not encourage teamwork. There is another reason why the billable hours model is a bad idea for management consulting. The model does not encourage team work. It encourages a pattern of behavior where every junior consultant is looking out for himself or herself.
https://clockify.me/blog/business/billable-and-non-billable-hours/
Jun 09, 2020 · Remember, non-billable hours are equally important as billable hours. Think of non-billable hours as a photo frame and billable hours as a photo itself. It takes a lot of time to find the right angle and lighting to take a perfect photo. But, at the end of the day, it’s the frame that’s holding that photo and making it visible to others.
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
Dec 18, 2018 · If lawyer hours in the law firm didn’t include enough billable hours, equity partners could face a serious decline in their compensation. How Many Lawyer Work Hours Are Required? 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 ...Estimated Reading Time: 6 mins
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 ...Estimated Reading Time: 9 mins
https://www.reddit.com/r/LawFirm/comments/hamcio/how_much_should_i_worry_about_billable_hours/
They will lose trust in me. Account for your non-billable time, also. If you are doing some thing that the firm can’t make money for but you have been directed to do by a senior, that is still time that should be counted as work. If it’s not there, once again you find yourself in the boat of having too much to do and not enough time to do it.
https://abovethelaw.com/2020/02/partners-shouldnt-tell-associates-not-to-bill-their-time/
Feb 19, 2020 · Since most associates need to record a certain amount of billable hours to satisfy job expectations or receive a bonus, not recording time makes it …
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