How are billable rates for associates determined?

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A large spinning wheel that the client spins each time they give the firm a new matter. There’s a 12.5% chance it will be free!

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If I had a dime for every question I got from new clients mid-assignment that were completely unrelated to that assignment and were not billed for client-relationship purposes I’d be very rich by now

The first yr associates went through lord of the flies at $150/hr so we bumped them up to $200/hr

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By year of call and associate ability

Class year, associate ability, local market rates for similarly sized firms, client base.

I started with a higher rate than other 1st year associates. We just got 2020 rates and my rate didn’t move but other associates at my level moved up. Even some who started after me. My evaluation had above average and exceptional reviews. Should I be concerned?

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