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Do small law firms have paralegal managers?
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Absolutely not. Your firm has overhead (and has to make money) and that is included in everyone’s rates.
I don’t think they’re asking if you get the same rate as your salary, but if you have a high billable requirement do you have a high salary to match.
The general rule for you to be profitable is 3x your salary is what you should be billing. So your billable rate takes consideration as well.
No and agree with P1. When I was in big law my billable hour was $495 and made $145k (base + OT). I wish I saw the money for the number of hours worked (~2100/year).