52 more billable hrs to go! Lets goooo

like

I just spoke with a software architect that went back to school to learn software engineering after law school because it was more lucrative and had less hours. He’s worked his way up and has the skills and authority to work 6:30am-10am and gets to work remotely. We discussed that results/outputs is better than billable time like in law and public accounting. Yet, his parents and others would view him as “lazy” but he does his job and makes a fantastic living. Time>Money and Results>Hours

likefunnysmart

Trying to cut billable hours. Anyone utilize a “subscription service” for lack of a better term. EX: charge $300/week until matter resolved. Hypothetically capping your case load per associate could bring in the same amount on a steadier rate than billable hrs. (25 matters x 300 /week) Giving client ability to budget their family matter.

likehelpful

I work primarily with an equity partner and counsel in an M&A practice servicing existing clients. It’s been slower than usual. Both of them tag team and keep mentioning I should get my hours up when neither of them bring in any business. Just searched iManage and found the firm billable hours reports. Turns out my hours each month are far exceeding both of theirs! Prolly wasn’t supposed to see the firm hour reports but wondering if I should push back. I don’t find their remarks well-intended.

likehelpful

UPDATE 5: Beans here (soon to be Mrs. THAT Equity Partner hyphen Baked Beans). He just sent over his prenup and wants markups by my side by EOD tomorrow. I had my slow junior associate bill 0.3 and summarize this for me verbally. Upside is financial stability and 2700 billable hours. On the downside, I have to stop eating baked beans.

funnylike
Share this 🔥 post

I recently had my year end review. Besides feedback, I got a $10k raise. I was hoping for closer to $20k but I didn’t bring that up at the time. I’m at a small firm so I’m not on big law salary/lockstep, but I work hard and I’m well below market even considering my lower billable requirements. Is it appropriate to follow up and ask for more? If so, do I ask via email and explain my reasoning, or vaguely request another meeting? This is new for me so would appreciate any help on an approach.

like

Help me think through this decision please.

Gov attorney, 8 years out of law school and will make over $100k for the first time this year. Gov benefits are great and WLB is amazing (I have a wife and child). We are less than 2 hours from all of our collective family now. I have an offer with a small firm I am highly interested in. $165k base + bonus for only 1800 billable hours, but it is 8+ hours from our families. $90k in student loan debt left. Am I wrong for wanting to take the money?

like

When people say they “billed” certain hours, are they only referring to billable hours? Or is it an all-inclusive term including non-billable like pro bono or admin?

like

What is a part time secondment? I just heard about this today. How is that any different from billable work?

like

Partners: how many hours, including billable hours, do you need to work for a year? More than associates’ hours, or less, or about the same?

like

Time of the month starting and absolutely so weak and irritable. Not at people, but things- like currently the noise of my jacket while I type. We had a company seminar this morning until noon and since then I’ve only gotten 1.5 billable hours (it’s 3:30 pm). I’m tired and irritable and just want to go home and lay down. I also feel like I can’t focus on bigger projects today that require writing.
Ever have these days?

like

Anyone working as a 2 years + lawyer for Fragomen in Canada can share their salaries and working advantages? (holidays, billable hours etc). Got an interview coming up and want to make sure not to under-sale my profile!

like

Need advice please!!! $105K salary for a small cpa firm (less than 10 people) vs at Big 4 at $70K with 3 YOE. MCOL. Definitely less stress in a smaller firm since no billable hours goal but most likely no career growth & less future increases. If with Big 4 I feel like it’s more beneficial long-term to put it on resume but I am leaving a lot $$$ on the table. Am I able to catch up with the salary in the next 2-3 years? Your thoughts please?

like

Please help: leave a job that I love (with some minor flaws) that’s really a 9-6 for a job with a 45% increase in salary with 1900 billable hours and sounds like it has a good culture? When I talk to other people everyone seems to think the right choice is obvious… but for some reason I’m not sure what to do.

like

Please help: leave a job that I love (with some minor flaws) that’s really a 9-6 for a job with a 45% increase in salary with 1900 billable hours and sounds like it has a good culture? When I talk to other people everyone seems to think the right choice is obvious… but for some reason I’m not sure what to do.

like

Ladies, do y’all enter time for emails? If yes, are y’all billing it to the client or as a non-billable time entry

like
Share this 🔥 post

Can you guys see how much you bill everyday, like some program or something on your computer tells you, 4.5 hrs today or 9 hours today? My firm gives it to us on paper at the end of every month and thats it. Im a first year associate and wondering how everyone keeps track through out their week/month/ or year of their billable hours??

like

What is a material billable hours difference from your peers at the same group? If I bill 150 less a year than another associate should I be worried?

like

So how much are y’all missing your billable requirements by? Over 250 here 🤟

like

If you always have to ask for new work, does that mean youre a crappy, unpopular associate or is it an expectation that associates have to hustle for billable hours? Trying to read the signs

like

If you are a first year in a stub year, and significantly under billable hours requirement, do firms typically still give pro rated bonus? Do first year stub associates really ever hit their pro rated hours in those 2-3 months?

like

Associates in NYC, what are your billable requirements like? Do you have any sort of work/life balance or are you pulling 14 hour days every day?

like

Texas 🐠: Let me know if your firm is looking for a hard working junior associate. My experience is in litigation, including commercial lit. I’m in Houston, but will move for good opportunity. Regional Texas law school, low GPA for BL, exceeding billable hours requirement and realization rate. My section seems like it is imploding and I need to get out soon.

like

Working at ID firm in NYC, 2 years in. Not thrilled with salary (under 125k). 2000 billable goal, will hit it. Should I be looking elsewhere?

like

Smaller Firm Question - how long do you give associates to start making a profit (i.e. doing sufficient billable time that is collectible) before you begin with warnings or termination?

Scenario: 1 Senior associate transferred laterally but did not bring business (this was known), 1 Junior is 3 months in, but seems unable to bill even his own salary, no less enough to cover other overhead. I am billing more than both combined (both hours and $$) and it is driving me crazy.

Thoughts?

like

Anyone have trouble hitting target billable hours? Seems like so much of the job is admin/talent development.

like

Class of 2019. Missed my billable goal for bonus by literally 8 hours. However, I brought in $20k worth of business, got excellent reviews across the board in my Evals, and fully comply with the firms RTO policy (which they’ve been stressing hard.) however, despite all that I didn’t get any bonus. Should I be more pissed than I am?

likefunnyhelpful
Share this 🔥 post

RE finance junior here. I’ll have about 1,700 client billable hours and over 300 pro bono hours that will be counted toward billable hours by the year end. Would I be able to qualify for the year end bonus if the hour requirement is 2,000 hrs? Do firms look at it unfavorably if the client billable hours are this low?

like

Hi guys,

I need some advice, I’ve been in a newly created role within a pharma agency for about three months now and it is not going too well. There is little to no structure or direction from senior leadership, no access to client data, little to no billable work. Worst of all, no project is related to what I have been hired to do.

I would like to move on with a different agency asap, but I’m not sure how to proceed with such a short time here.

like

It is January 1, 2023 and you are closing you December time. You realize that you missed your annual bonus target of 2,000hrs by 1hr of billable time. Your firm has made it clear that you won’t get any bonus if you don’t hit the minimum. What, if anything, are you going to do?

likehelpful

Mental health is busy, looking for tips to help manage tasks, currently I supervise 12 therapists in 3 different departments that are all different with unique dynamics in each dept. I still carry a small caseload on top of this. I'm struggling with my patients and worry I am not giving them my best, I wax and wane between focusing on patients and therapists. Looking for advice navigating this type od conversation with my leadership, we have all been asked to work on increase billable time...

like

When should a stub start getting worried about not having much work and low billable hours?
I’ve asked for work but no luck. I know they say this is normal for a stub but when should I start getting worried and consider looking for exit options? Fyi, I like my practice group, so I don’t want to change to a different group within my firm, hence would have to lateral, if I have to. Also, other co-1st years are churning in high hours.

like

Our firm is establishing our target billable %'s at a small public accounting firm. Is there a website that gives target billable time % by staff level for the tax and accounting industry? Just started poking around the AICPA website, but would appreciate being able to save some time looking for it. I'm used to a lower % rate than what's being proposed (70% vs 85%) and don't want to cause undue pressure on staff, but do want to give a reasonable billable hours expectation going forward.

like

Anyone can refer me to audit experienced associate in big 4? I am more than willing to give up my current pay in private company and join big 4 for billable hours to upgrade my career. CPA licensed, 5 YOE in small companies. Btw, H1B transfer needed before working for a new employer. Much appreciated.

like

Corporate juniors. What are you guys annualizing? I’ll probably finish somewhere between 1300-1400 billable hours.

like

Was just laid off from a big PR Firm where I was a planner. The sad news is that strategy was valued for winning pitches but rarely scoped for ongoing work. We made the agency and PR teams money but never saw it turn into billable hrs. The agency didn’t know how to sell its value. I’m now looking for my next position. What are some roles out there for brand strategists outside of agency? Reevaluating whether to go into an agency or in house.

like

I’ll be put up for partner next year, and I am struggling with how to balance my increasing need and desire to do BD with the need (and desire) to focus on client billable work. I’m sure this is a problem for everyone their whole career, but if any partners could provide some advice on how to manage this really pivotal time, I’d appreciate it. My firm and market are such that there’s a need for me to do both - we have to hustle for clients, and I can’t fully turn over deals to my juniors.

like

Until we move away from the billable hours model, there will not be true work life balance when free time is preferred. As you gain experience and knowledge within our field we are too knowledgeable to be equating our value to time spent discussing or doing. There is an inherent conflict from leaders that want to maximize revenue which means maximize billable hours and staff that minimize hours.

like

First year family law associate..I only have 1160 billable hours done for the year (I’m including what I expect to bill in December as well). Given I only make $80,000 a year, is that reasonable? Or is that a super low number and should I expect to be fired soon 😂. My target billables is supposed to be 1680 a year. Also my hourly rate is only $109 because all we do is legal aid here.

like

Additional Posts

Will GraphQl replace Rest?

like

Hi everyone! Here is my chunky dog named Daisy 🌼🐶 Hoping this will unlock DMs.

Post Photo
like

Any good mushroom risotto recipes I can try this weekend? Have tons of mushrooms and want to put them to a good use!

like
like

I’m a 24 to male, but my hair is slowing starting to fall out. How do I prevent hair loss?

I’d prefer not to buy products, but rather make lifestyle changes like eating healthier, drinking less, etc

There’s a special place in hell for people that don’t put their weights / equipment away when they’ve finished using it. I genuinely don’t understand how people think it’s ok.

likefunny

I need to stop depending on the Admirals Club for showers....

like

How do you handle people complaining about store policies? I don't make the rules, but I don't want to be rude

like

Hi fishes, Am looking for reference in a product development company. I have 8+ in @Android development and team handling. Available to work from Jan2023. Location: Bangalore

It was $$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$, wasn't it?

Post Photo
likefunny

Anyone dreading going back to work tomorrow? 😬

like

Will AR glasses create a new world of opportunity for application developers in the same way that mobile did when the iPhone came out? If so, how can we prepare for this shift?

likesmart

Anyone here either go to a top public school or send their kid(s) to one? I’d love to ask some questions for a project I’m working on.

like

There are too many men out there who think that just because I'm being polite, it's a sign that they should flirt with me while I'm at work. I thought this was 2022, why haven't we as a society gotten past this yet?

like

You CAN be that leader that people want to work with. 1st, self assessment is required. Be honest: As a leader,have you engaged in/accepted Attribution Bias with a dash of gender &/or race bias? (See the pic) This is something we all need to be aware of as we lead our teams, provide performance feedback, & model the behaviors we'd like to see more of on our teams. Be on the lookout for Attribution Bias in yourself & on your team. It's a hindrance to creating a high-performing, inclusive culture.

Post Photo
likesmart
like

Best place for a big group birthday dinner? I want something hot and trendy

Hey Peps,

Looking for an opportunity for Line Producer or Senior Production cordinator in a firm where I am respected and work life balance is promoted no slave working.

like

Are there any recruiters in here that make 250k+ ? If so what industry are you in & how much experience do you have?

like
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share