Is 2080 billable hours a year standard for small firms. About 70k/year salary? Just wondering if this is strange
People on here are talking about billable hours and utilization... are those things that are tracked on an individual basis? We do it as a firm aggregate and thought that was the norm, but seems to be that it might be tied to specific people at other firms?
Does everyone have an exit for Accounting? I’ve been searching for industry opportunities but nothing really stands out. I have previous GL Accounting prior to risk so I have a decent pool of options to choose from. I like the work I do in public minus the billable work and the crazy over time.
I’m just starting up as a freelancer after years of being a full time agency employee. Any big watch outs before finalizing my contract? What about frequency of invoicing and defining billable time? Any guidance on freelancing dos and don’ts is much appreciated.
How is the billable rate for each associate determined at your firm? Does everyone in the same class bill out at the same rate?
What’s the difference between working in industry vs PA as an internal auditor? Does industry have billable hours?
Have any of the independent contractors in this bowl ever had a kick-back clause in their contracts - meaning, have you had to pay a rebate/kick-back based off of your previous year's billable time?
Is there typically a grace period to get billable requirements met when starting at a new firm? I started the first week of May. I'm about 90 hours short of a 170 requirement for the month. I have work, but it's big file review type stuff that takes a lot of actual time. Should I be sending out resumes, or killing myself to get these hours in by the 31st? I'm not a new lawyer, but am new to this practice area. They poached me from my last firm.
Laughing in billable hours
Dem billable hours...
Seeking input: I’ve received an offer to join a V50 at market (Class of ‘19, T30). Im currently a boutique where I’m being paid $160k. Despite being told my billables would be 120-150, I’m averaging 200 a month. Partner kind of leaves me to figure things out, and when I inevitably make mistakes, can be very demeaning. Is it a no-brainer to jump ship? Obviously I’ll be making more money for the same (if not less) billable hours. But what are some other considerations?
Currently a second-year associate at a regional firm. I have become really unhappy with the life-style at a firm and the constant stress of meeting my billable requirements. It was always my goal to go in-house, but I know I likely lack the requisite experience to make a move somewhere that can offer meaningful advancement. Any advice? I know it will likely be that I need to “stick it out” for a few more years, but I am just extremely dissatisfied with the prospect of being at a firm for years.
What are your average billable hours? Month / year? What type of practice are you in? Are you on the Cravath scale? What associate year?
2,158 hours contracted a year. Tax season: 55 hour week minimum with 90% billable time. You?
Guys, how are you? I'm looking for some help. I recently started working for a new company. I've been reaching out to managers, directors, seniors, and the Resource Manager since Day 1 in order to get placed on projects. When I get on a call today I find out that all of my coworkers who started with me have billable hours of at least 40 hours per week. Meanwhile, I have yet to reach that number of hours yet. So, what should I do now? I've literally done my part to get staffed in projects.
Does anyone run a business in addition to their firm? I’m a solo and I’m doing pretty well with about 60-70 billable hours a month. Though that leaves a lot of downtime. Curious if anyone has any second businesses that require about 20 hours a week. Not looking for passive income or franchise ideas though.
Just received an email the other day giving all staff an OT requirement for June.. kind of hard to get that many billable hours in when none of the work is available 🙄
I have cleared all round including HR round also, they ask me to upload salary slip, offer letter, hike letter after salary discussion. Then they again sent mail for upload updated resume with college name mention where I did my graduation, instead of asking for upload documents like marksheet, experience letter etc. Is it common for all to release offer letter. Is anyone went through same process as mine. Please let me know.
My CD is so fucking unoriginal he pitched "Life moves fast" to a client as a tagline. And thought it was brilliant.
Want to buy my first Apple Watch, any benefits in waiting till apple launches the new one?
Shoutout to whichever firm helped stand up the government’s free Covid test ordering website. Legitimately shocked at how smooth it’s running and hasn’t crashed (yet)
If your company offers paid parental leave, can you share some insight into your policies or implementation tips? We're thinking of offering it concurrently with any existing paid parental leave at the state level, so the employee is covered 100%.
Accounting advisory big4 or IA at F100. Both senior roles. Roughly same base pay. Big4 has clear trajectory and interesting work. F100 has 14% bonus, perm remote, and immediate vesting 401k over 7%. What would you take?
Interviewing for a role at Apple but found the same role at Meta this week. I applied to the position and reached out to a few recruiters via LinkedIn (haven’t received a response, sure they are swamped). Meta is remote whereas Apple is not, really hoping I can interview at Meta as the role is a perfect fit. Am I to late to do a referral? Would anyone be willing to help? Thank you in advance!!
Suggestions for blowing 1 million Marriott points? I’m looking for a nice property by the beach, with hot weather. (I also have 7 suite night upgrades if it helps.) I understand points are being devalued in March. But can my travel take place any time this year to get the full value?
My partner got a job offer from tech company with sign on bonus of $160k and 1 YOE. Now I feel useless.
Looking to rent a place in NY for January - June to be closer to SO during WFH, anyone have suggestions for the best option? Long term Airbnbs look relatively pricey
Any women in NJ with kid(s) that are divorced? What is it like to share custody? How do your kids deal with it?
I’m an A1 and have no clue what I want to do career wise. I wish I could just intern forever so I could keep doing new things for short periods of time. Anyone else wish this too?
I’m a data engineer/engineering manager by trade and massively screwed up by going into MBB consulting, I absolutely despise it and am looking to leave about 8 months in. I have a great offer from a fortune 50 for product management in tech at a similar salary, way more RSU’s but can’t shake off the thought that I wouldn’t be an engineer anymore. Any advice from you guys to help get past my anxiety and just pull the trigger?
Not sure what it's like everywhere else, but there seemed to be extra security at MCO today. Not sure if it's standard procedure here, but all security lines pass a bomb sniffing dog
What are some important items/things a first year teacher should look into buying for the 2nd grade classroom? Trying to distinguish what’s a must have! 😊
Do any of the MBB firms have a Transportation/Mobility practice? If not, is there another area of the firm that these might fall under? McKinsey & Company Boston Consulting Group Bain & Company
Can I technically be "based" in one city but live in another? Why does it matter where my "home office" is? I alt-travel to see my friends in another city every weekend and I'd rather just live there.
Thoughts on KPMG strategy group competing against other Big Four and MBB's..? Is the group growing/winning work?
Salary expectations for traveling consultant with 2 years of sales & consulting experience? (traveling 75% - 90% of the time to and on client site)
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