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https://www.reddit.com/r/patentlaw/comments/dy8kk6/billable_hours/
It probably depends on which city you are near. I am in Boston and the patent attorney market is pretty hot. Lots of firms (including smaller firms and IP boutiques) are matching or close to matching the top rate, or pay less than top rate but with a lower billable hour requirement (e.g., 1800-1900 hours).
https://abovethelaw.com/2016/04/are-patent-attorneys-worth-their-billables/
Apr 27, 2016 · Billable Hours, Patents, ... and hours of work. ... It’s clear that there is a benefit to be had by availing oneself of a patent attorney, but whether the benefit is worth the cost is dependent ...Estimated Reading Time: 8 mins
https://patentfile.org/patent-attorney-fees/
Jun 07, 2013 · Experienced patent attorney (7+ years) - billing rate $300-$550 per hour. Junior patent attorney (3+ years) - billing rate $200 - $350 per hour. New patent attorney or individual (not working for a law firm) - billing rate $150-$250 per hour. As you can see, it is quite hard to find a patent attorney willing to bill at less than $150 per hour.Estimated Reading Time: 3 mins
https://www.patenttrademarkblog.com/billable-hour-vs-flat-rates/
The attorney bears the cost of the extra time while the client reaps the benefit. In the long term, however, I contend that flat-rate attorneys come out on top over the billable-hour attorneys because most clients prefer the client-centric approach. My experience in representing startup clients and foreign companies has confirmed this preference.
https://law.yale.edu/sites/default/files/area/department/cdo/document/billable_hour.pdf
interest employers typically do not have any billable hour requirements because they do not bill their hours to a paying client. A. The Full Time Job: Target 1800 Billable Hours Assume you “work” from 8:00 am - 6:00 pm each day 10.0 Assume you take an hour for lunch -1.0 Assume you take two 15 minute coffee breaks - .5
https://cand.uscourts.gov/about/court-programs/criminal-justice-act-cja/cja-compensation-rates/billing-increment-chart-minutes-to-tenths-of-an-hour/
Time for work spent performing a service should be reported in tenths of an hour. Compensation is calculated by multiplying the applicable rate per hour by the total number of hours. Calculate totals for each service category separately, and enter the category and grand totals on …
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
Dec 18, 2018 · 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.Estimated Reading Time: 6 mins
https://patentlyo.com/patent/2008/10/reasonable-bill.html
How many clients do you need to provide you with, say, 100 hours of work a month = >$120,000/yr, which is a reasonable salary if you haven’t bought yourself a second “investment home” or something asinine like that. In my experience a solo or small firm patent prosecutor isn’t doing anywhere near 100 billable hours a month.
https://www.practicepanther.com/blog/first-year-associates-billable-hours/
Aug 27, 2018 · To achieve 2,200 billable hours, an associate would work from 8:00 a.m. to 8:00 p.m. each day, added to two Saturdays per month from 10:00 a.m. to 5:00 p.m., which still would leave the associate a bit short. So add another Saturday for 10 months. That gives the attorney 2,201 billable hours. The attorney will have worked 3,058 hours.Estimated Reading Time: 5 mins
https://www.mvorganizing.org/how-many-billable-hours-do-law-firms-require/
Apr 30, 2021 · In some law firms, partners are expected to bill 2,500 hours or more per year—with many billing far beyond that amount. They need to find continuous access to work to generate hours at these levels. As I mentioned earlier, it is generally much more difficult for partners to get billable hours than it is for associates.
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