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https://law.yale.edu/sites/default/files/area/department/cdo/document/billable_hour.pdf
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 informal networks often quote much higher numbers. The NALP Directory of Legal Employers (www.nalpdirectory.com) contains billable hour information in the “hour and …
https://www.reddit.com/r/patentlaw/comments/dy8kk6/billable_hours/
Assuming you work 49 five-day weeks in the year, 2100 hours/year requires you to bill nearly 43 hours per week. That is approximately 8.5 hours per day. I don't know how efficient other people are, but I was rarely able to bill 8.5 hours in a day without being there for at least 12 hours.
https://www.smokeball.com/blog/billable-hours-understanding-how-law-firms-bill/
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 client, it is still essential to spend this time on important tasks.
http://www.paralegalalliance.com/billable-hours-guide/
Billable hours are those hours worked by a service provider, such as an attorney or paralegal that is directly billable to a client. Time spent conducting research, preparing pleadings, or speaking with opposing counsel about a case is billable time. In contrast, time spent making copies, talking to potential clients, or preparing invoices is non-billable time.
https://www.thelawyer.com/billable-hours-bad/
The billable hour is the invisible barrier, penalising those who seek wider skill development. The solution is not less training. The solution is to banish the billable hour. As Richard Branson said, “Train people well enough so they can leave, treat them well enough so they don’t want to.” The billable hour prevents business development.
https://www.practicepanther.com/blog/first-year-associates-billable-hours/
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.
https://www.quora.com/About-how-many-hours-per-week-does-the-average-patent-lawyer-work
Assuming we all have 2000 actual work hours per year (40 hours a week, 50 weeks a year give or take), I would aim to have a 1200 billable hours of work in my solo practice in order to have a good work-life balance as a patent attorney.
https://abovethelaw.com/2016/04/are-patent-attorneys-worth-their-billables/
Multiplying those rates by the value of the patent (if issued) provides expected values of $57,000 (without an attorney) and $76,100 (with an attorney from a top firm) for the application. Thus ...
https://www.reddit.com/r/patentlaw/comments/r5wa57/career_progression/
Most firms have a billable requirement, not billed. Some may pay a bonus or hourly based on collections. 2000 hours is the standard big law requirement for billable. That is working a whole lot. Realize that your entire day is usually not billable. 1800 hours is more common in smaller firms. That is a good work/life balance if you ask me.
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.
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