I just ordered my first Chanel! I never got myself a milestone gift before, but I just found out I passed my fourth and final section of the CPA exam, exactly one month before my 30th birthday. And I busted my butt for it, while working 50+ billable hours a week. I wanted to get something that will remind me of this feeling for years to come. I hadn't decided on a Chanel until I absolutely fell in love with the quilted Trendy CC. I'm ecstatic!
Can anyone relate to working from home and having children at home 24/7 due to mandatory virtual schooling? It seems as if my male colleagues do not understand why I can’t meet the billable hours each month. I haven’t had a paralegal or any admin assistance in 7 months. And one response I received today was “Can’t you just lock them out of your office.” No I can’t. And the firm is making 7k per month revenue off of me but wanting the double my billing.
Any thoughts on Phillips Lytle? If you could please provide insight on culture/billable requirements? Thank you.
Dem billable hours...
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.
This might sound like a crazy question but never having worked in public before: Billable hours - if you’re very efficient at your job, do you stretch out the time and work slower to get to your billable hours or do you safe the client the money. In a Situation where you don’t have other projects to work on. Tell me the ins and outs of working billable hours for a complete newbie.
To the post below- it is quiet, so I’ll bite!
Does anyone know about associate compensation at the regional Atlantic Canada firms? The the big ones have all been posting job ads for associates in the 3-5 year range. Any insight on salary and billable targets?
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.
Are there any successful alternative fee arrangements/business models other than billable hours? Excluding contingency in plaintiff.
Does anyone have any insight to the billable hours and culture at Quarles & Brady in the Minneapolis office?
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?
Finance peeps question: How do you convert annual salary to a freelance rate, what’s the formula for billable hours per year/hourly rate $$?
Corporate juniors. What are you guys annualizing? I’ll probably finish somewhere between 1300-1400 billable hours.
What are your favorite time entry tips and tricks? I’m going into my second year and I feel like I suck at it. How do you write your entries to maximize your billable time—reading/drafting emails, internals calls, crying about a deadline?
Has anyone made a move from a boutique firm to Big Law, regretted it, stuck it out, and found success? I am in the ‘regretted it’ phase, but it may be culture shock. I started as a legal assistant for a solo practitioner 11 years ago and am now an IP Paralegal. I’ve never had keep track of billable time, and I think that’s one of the biggest adjustments.
I have a question about mid-size Philadelphia law firms. Does anyone have any insight about what life is like (culture, pay, billable hours, cases, WFH, perks, etc.) as a junior partner/senior associate/of counsel in the litigation department at the following firms: Montgomery McCracken, Schnader Harrison, Stradley Ronon, Dilworth Paxson, Klehr Harrison?
When should I start to get worried that corporate is so slow? Have only billed 230 hours for the year so far and it doesn’t seem like things are picking up soon so getting nervous since my firm has a billable hours minimum requirement.
Do you count Sundays as a weekday? Somehow I always end up with an ASAP billable work. Not complaining, just making observations.
Lag gye "L"
EY split threatens to weaken both sides of firm, say retired partners.
u ok fam?
Any recommendation for Bonvoy hotels in South America? Planning a longer trip through Rio de Janeiro, São Paulo, Buenos Aires, Santiago, Cuzco and Lima
"Dyslexia and #DistanceLearning"- tomorrow's #MicrosoftEDU webinar. 3:00p PDT, May 18th
#accessibility #a11y https://t.co/PxUJvh7Bt6
Is anyone using video conferencing for appointments? If so how successful have you been so far with this new concept?
Hello fishes. . I am Sr. quality analyst. Yoe 7. Skills - Manual + database + api testing.
Need referals. Please help.
Do Data Engineers generally get much lesser CTC than Data Scientists and Software Developers at Top Product Based companies?
I am only getting 18.5 LPA (including RSUs) at a Top Product Based Company for 4 YOE, whereas many of my peers are getting 24-30 LPA for my experience level at my company. (some even lesser than me)
People are getting much more than me in Devops and Software Development - Both Frontend and backend.
Hi folks, this is my last week at my current company as I am one of many people who's been affected by laying off. that's why I am looking for new job opportunity.
I am toronto based Web Developer, mainly focused on Front-End with ReactJS and have experience of 4 years in which I got chance to work on projects from scratch and support projects. I also worked with azure and recently learned about aws and also an aws cloud practiner certified. So please let me know about any open positions.
M&A Tax opportunities in Europe? As only an English speaker (but open to be actively in language classes) is it possible to move to a job in M&A Tax Big 4 in Amsterdam or Frankfurt?
Hypothetically: If you had covid19 and recovered fully, how would this change the way you went about things now?
Thoughts on the new Chase Freedom Flex?
What's hike expectations for this year given the year has been amazing for fractal? Any inside information anyone?
What do people recommend for start-up relevant marketing resources/books/personalities/podcasts?
I have a lot of enterprise marketing experience, but making a jump to a startup and want to get up to speed as quickly as possible.
How risky is going to a startup which is currently going through Series A? Have just received an offer.
Ladies understand your worth! https://www.instagram.com/p/CUDaetaLMUa/?utm_medium=share_sheet
Always a student. This helps me relate to my own. Mistakes. Confusion. Oopsies like giving the wrong answer when we KNOW it. Learning keeps me off any high horse because sure as the world I’d otherwise get knocked down. We are all students in our classrooms. An indirect bonus is that the connection we make by remembering what it’s like to be a student helps us manage the class better. We relate. We admit. We connect.
Additional Posts in Law
I’m a family law attorney and my partner who is planning to propose didn’t find it funny when I calculated what his spousal support obligation would be if we got divorced in 5 years 😂. So any ideas for being extra nice to your non-law partner are welcome lol
I want to get out of ID so badly. I don’t mind the work but the hours are just killing me. I just started at a new firm less than 6 months ago and I am already desperate to get out. It is not the firm or the people. I just hate the high billables. I have been applying to other jobs but I think I may need a recruiter for help. Any recommendation for a great recruiter in NYC?
For those of you who started your own Trusts and Estates practice - what was the hardest when you first started?
I have been reading posts from newer associates about bad things partners have done or said to them and I think it could be fun for some of us more senior lawyers in the bowl to tell stories of mean things partners did or said to us when we were new associates. Hopefully it stays mostly light and not horrible things.
Can’t beat billing in a bubble bath.
Can someone in BigLaw explain to me what BigLaw partners actually do? I work at a mid-size firm that is big for my market and often end up on the opposite side of a deal with BigLaw lawyers. Every single time there is a mid-level associate running the deal with the partner nowhere in sight. Is this normal? As a 3rd year associate I definitely was not ready to take the lead on $100M+ transactions - how does this work with BigLaw? What do the partners do? Genuinely curious!
Asking for a friend, may have used the C word over a text that text is now being produced in litigation. Opposing side is threatening to refer it to the Bar. Does anyone think they will care?
Anybody who made the switch to L&E litigation early in their career have any regrets? Or has it opened up more opportunities for you in the future?
Is it inappropriate to add a hiring manager on LinkedIn after your application was rejected? I plan on reapplying in the future.
Had my annual review earlier today and I’m not happy with the raise and bonus offered. Aside from the managing partner, there were several other non-equity partners in the room and I didn’t feel comfortable negotiating in front of everyone. I’d rather speak to the managing partner alone as he’s the only one who has the ability to make decisions. I’ll have to wait until Monday to do it in-person but wondering if I should set up a call between now and Monday to discuss? Would Monday be too late?
I soon start my first real lawyer job in a midsize boutique in major market. Job description said it is a litigation associate position to handle “complex insurance coverage disputes.” What would be my career options after 3-4 years? I know the question is very broad.. but which areas generally welcome coverage attorneys?
To experienced attorneys at large employers, has anyone tried starting a small side practice in a different area of law (wills & trusts, for example) and succeeded in building it out over time? Notwithstanding my present employer being happy/okay with this, curious as to the feasibility when I have no real experience in the practice area.
Would like a separate law-related side hustle to potentially build into my full time work down the road. Thanks.
1600 won’t get you fired immediately but it’s not encouraged. 1800 billable is about the average at my firm. I got paid Cravath for 1400 my first year 🤷🏻♀️
They’re probably in medium sized local firms trying to pass themselves off as big law. Most definitely not getting the Kravath pay scale.
I think the true averages are much closer to 1600 than 2000. I have some access to my firm’s hour averages through their internal presentations and reporting. Allegedly m&a averages about 1500 this year alone. My group averages around 1700 and this is considered very profitable internally. This is a firm with a discretionary bonus, no-prorate. I’ve been told the firm has many many many associates who will be no-bonused for hours this year and it is a regular occurrence.
This is the truth. Firms love to perpetuate the myth everyone is hitting hours to basically make more money but they still make a killing if associates even bill 1000 and are not going to let go of that.
Some BL firms like Weil don’t have billable requirements so yes you could bill 1600 and still get cravath scale pay
1850 for 180k. Happy with it
Um no. It’s not. By and large, depending on the firm, if they’re in a practice group like m&a, cap markets, litigation, restructuring, etc they will be billing north of 2000 on average. At least that’s been my experience at the firms I’ve been at.
First year annualizing 1600 👋🏻
Yes. Firms exist that pay Cravath scale without billable requirements. I worked there. I can't remember what my yearly hours were or if I ever even calculated it, but I'm pretty confident they weren't in the 1800-2000 range.
Specialists in niche practices like tax will have lower average annual billables and will still get bonuses because of the nature of those practices and the role they fill within the biglaw firm.
But the average biglaw attorney in good standing for partner should have 2k+ hours (as well as many other fine and not-so-fine attributes). Most firms set a loosely policed floor of 1800-2000, and then also have varying rules for what even counts.
Lols about my big law requirements of 2050, and doing 2200+ regularly. Sigh.
Varies but the reality is it’s very difficult to actually bill the amount firms want you to hit
There are some firms that pay Cravath but do not have a billable requirement. Cravath is one of them! Of course, many people at these firms bill more than 2000. However you could be someone at one of these firms billing 1,600 and not getting fired for a few years for any number of reasons. Specialists also tend to have lower hours so 1,600 as a specialist may not be that egregious.
This is wild to me. I thought requiring over 2100 was normal…
AA2 hits the nail on the head. No desire to make partner in big law. I’ll pick up a few years billing 1600-1900 and gladly see the door if they ask me to.
I make $180k excluding bonus and I have averaged 1600 per year for the past six years
What firm?? This is exactly what I’m looking for
I don’t think so.