I’d be curious to hear about people’s chargeable/billable hours. What are your goals vs actual, best/worst years, etc. I’ve only ever worked at one regional firm so my knowledge is fairly narrow.

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Posting as :
works at
You are currently posting as works at

Best year was the one I quit

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Chargeable doesn’t always equal billable-

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But still cannot understand why leaders want insane hours from their people. At some point it seems like a competition as to who can charge more at the expense of their lives.

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2100-2200 all levels (staff to senior) inclusive of travel which would have been around 100-150 roughly.

Goal was always 1800. Never an “hours guy” but the work required, and I never “ate” or “over billed” hours just charged as incurred.

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2500 hr last year

likeuplifting

Just wondering why can't public accounting firm can employ sufficient headcount so that everyone works only 2000 hours, similar to the industry standard, that way retention ratio would increase and people would be happy too.

likesmart

They don't want retention to increase. The attrition is intentional.

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Based on my average engagement ERP and my standard cost per hour, I made the firm about 300-310K that year. 😅

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Total hours 3100 chargeable 1100 partner

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1800-2000. Most assurance are in or above that range. My highest was 2500

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Because that will lower profits. Why change that when it works?

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I charged 2,197 and was over 100% utilization for only 4 months.

I ate between 250 and 300 hours.

2150 is my peak

I charged 2500 hours my last year as a senior.

if you know your cost rate per hour... not getting paid enough!

121% for this fiscal.

And as a reward I get shit on by the new process called lead that's going to just fuck me I can feel a job hunt on the horizon

1950 is my goal. Last year I was around 1850. This year with a ton of rolled over PTO as well as having another kid, I’ll be lucky to crack 1600.

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How does your firm measure utilization? I work for a small boutique that defines it as utilization = number of billable hours/2,080 and full bonus payout occurs at 80% plus.

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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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I heard so much about minimum billable hours here by staff. I never saw that email. Is it inly for certain groups?

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likefunny

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?

Looking to leave a govt job for a junior attorney role in a small workers comp defense firm. I have no experience in workers comp. How easy is it to learn the work and make 1850 billable hours? What future opportunities does this experience give?

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Have any of you taken "low bono" clients while working at a firm? I want to take on a low bono client or two but not sure who would get the money. This is a contract opportunity through a non profit so I'm assuming a 1099 will be issued. The per hour rate is significantly less than my billable rate. I would (obviously) like the money but my real objective is just getting experience/networking since I recently moved to a new state and don't have clients of my own.

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Received a job offer. Was wondering if anyone had any thoughts on a concern I had about it. It's an entry level position, and I don't have much experience. The billables are 2040 a year. For billable hours in civil litigation and insurance defense, is 2040 hours for a 1st year associate on the high end in this field for a small or midsize firm? It seems like most attorneys I know have minimum requirements of around 1800. The compensation is around 80k a year.

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So who else here is experiencing plummeting billable hours and exponential weight gain since this whole WFH thing started? Bought snacks for 30 days, finished in 48 hours.

likefunnysmart

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I’ve been a freelance print production designer for many years, and usually on-site in the before times. Now I work remote, and am finding it uneasy dealing with billing. Before I always billed hourly, which made sense, but it’s becoming an issue now. Some companies don’t have a full days’ work, so it seems wrong to bill full days, and it allows me to juggle projects for different companies, but my billable hours are down. I know I should bill a daily rate, but not sure that will fly. Thoughts?

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