Are there any successful alternative fee arrangements/business models other than billable hours? Excluding contingency in plaintiff.

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Flat fee

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Yep, this. My firm does a mix of retainer (flat fee covering all work of certain types), hourly billable for work outside the retainer, and contingency.

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How many billable hours do people in prosecution tend to average each month? I’ve gone through waves of feeling like my billable hours requirement is reasonable to feeling like I’m drowning and can’t possibly do it for that long.

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Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

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I wonder if we’ll still have minimum billable hours if WWIII breaks out

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If you asked to be considered for early promotion and didn’t get it (despite being highly rated, exceeding billable goal, etc) would you look elsewhere? Is it right to be angry about it? I don’t want to spin myself up unnecessarily if it’s unjustified

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Does anyone know the starting salary for Jackson Lewis in the firm's Connecticut office, as well as the billable hours requirement?

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I have an interview with Korn Ferry for an associate principal role and am curious about others’ experiences have been with work-life balance here. Also, I have an idea of what I should be compensated in this type of role, but any insights on how they pay compared to others would be helpful. Are you traveling during the pandemic or have client interactions been virtual? Lastly, if you are a consultant here, are you on billable hours? My current consulting role is not - so this would be new.

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Billables are low this month. Like I have 65 billable hours in so far. I’ve messaged partners over the last week to try and get more cases but there are tons of new associates who were just onboarded and were at a low point for business. I’m freaking out

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I’ve practiced litigation in DC for about 5+ years at a larger plaintiffs’ firm, and am considering a switch to a defense firm. Is there any insight to how many billable hours this would require, and how much time that would actually be? For reference, the firm has a 1900 billable hour requirement and the partner said I would have “no problem” fulfilling that based on the work they have.

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If you take vacation, is the onus on you to make up that billable time? If so, how do you enjoy long vacations?

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3.5 years out of school, 2400 billable hours last year in TRS and just got promoted. what kind of year end compensation should I be expecting? Bonus and new salary

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Is it just me or the average billable work in infrastructure transactions has blown off steam in the last couple of weeks?

How do firms give bonuses to associate attorneys? Quarterly, monthly, annually? What is a bonus based on? Money recieved, billable hours, etc?

I'm looking to set up a bonus structure for a new associate.

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I had one of those VERY nonproductive days today. I think I accomplished maybe an hour of billable work, even though I had a bunch of stuff to do. I just came off a 300 hour month, and unexpectedly got a continuance on a deadline on Wednesday, and it’s like all of my motivation leeched out of me at once.

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Are any other paralegals struggling with billable hour requirements? I have 5 years of experience in corporate transactions, M&A, and real estate work, and have never had billable hour requirements. I'm in a new job now where I do and I'm nowhere near meeting them. I'm getting a lot more admin work than billable work, and it's stressing me out.

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Went from a big firm to work for a smaller firm. The people in the smaller firm are protective of their work and are good by their work too. I no longer feel chaos or stress. I am treated with respect and my schedule is more normal. I am even working more billable hours than before, but it feels like a seamless experience. I don’t work then past 5pm or anything out of the ordinary for this time of the year. I am so grateful!

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Explain to me like I’m 5. Why does the monthly billable hours goal on things like Intellistat change month to month. I’m not hitting hours this year. Last month goal was 158. This months goal is 180.

It’s hard to trust the partners/leadership when they want us to return to office as being better when we increase offshoring? Also, the pressure on billable hours when all that really matters is how much our fixed labor costs vs. how much we can bill (which is usually fixed fee or at least a range) and the fixed labor costs of offshoring is significantly cheaper so the hours don’t matter. Am I mistaken by this viewpoint?

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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

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What are firm’s known billable requirements? Is there a ramp up period?

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Hi,

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What is the best way to gracefully exit a small firm where the senior partner is very high-profile, knows everyone, and is likely to be personally offended by my departure? This partner has also begun their term in a very public-facing and time-consuming position - 1 year term. I can’t do it anymore but I know it’s bad timing and I don’t want to burn this bridge. Help!

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Can you share first year salary for midsize firms? I'm in NJ, but curious to hear other markets. Also billable targets? Thanks!

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Good lord this open space is insufferable

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יש אלו שמעדיפים לדבר בעברית?

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Is anyone feeling especially burnt out lately? I’ve had to work weekends for the last month. I know deals are sporadic but it feels like they have consistently ended up this way where I’m forced to work weekends. Getting frustrated because pay has also slowed down.

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Hi there,

I've 7 years of experience in IT working as a Java backend developer.
Not getting much call from Naukri or LinkedIn.
40 more days to serve notice.
My current CTC id 16 LPA, how much I can expect?
I've an offer letter of 20.5 LPA from TCS, is it worth to go for TCS or should wait for other interviews?

Your suggestion will be much appreciated.

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Any advice on broaching the subject of working on Sundays as a committed Christian?

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What is the best way to gracefully exit a small firm where the senior partner is very high-profile, knows everyone, and is likely to be personally offended by my departure? This partner has also begun their term in a very public-facing and time-consuming position - 1 year term. I can’t do it anymore but I know it’s bad timing and I don’t want to burn this bridge. Help!

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Can you share first year salary for midsize firms? I'm in NJ, but curious to hear other markets. Also billable targets? Thanks!

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Curious to know what other firm's bonus structures are, particularly those with billable requirements of 1900 and below. Trying to understand what the norm is and figure out if associates at my firm are getting screwed. thanks

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Does anyone know the starting salary for Jackson Lewis in the firm's Connecticut office, as well as the billable hours requirement?

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Am I the only one left at the end of the month trying to bill 10hour days to meet hours because I slacked off at the beginning of the month? It’s a vicious cycle. Then the end of the month hits and I’m so exhausted that I need to take it was the next week... and the cycle continues

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Billables are low this month. Like I have 65 billable hours in so far. I’ve messaged partners over the last week to try and get more cases but there are tons of new associates who were just onboarded and were at a low point for business. I’m freaking out

like

I’ve practiced litigation in DC for about 5+ years at a larger plaintiffs’ firm, and am considering a switch to a defense firm. Is there any insight to how many billable hours this would require, and how much time that would actually be? For reference, the firm has a 1900 billable hour requirement and the partner said I would have “no problem” fulfilling that based on the work they have.

like

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