I’m just starting up as a freelancer after years of being a full time agency employee. Any big watch outs before finalizing my contract? What about frequency of invoicing and defining billable time? Any guidance on freelancing dos and don’ts is much appreciated.

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

I’ve been freelancing since May. Big lesson was knowing what billing model to adapt based on each contract.

Obvious things but important to keep in mind:
-make sure you know your numbers to keep a positive cash flow.
- If you’re giving away your time to meet a new lead, close that sale from the first try so you don’t waste your precious time. And only meet with clients you know you’ll want to work for. Otherwise, tell them to send you a brief instead.
- it’s a good idea to invest in an attorney if you can afford it. It’ll save you $$$$.
- efficiency is the game.
- always be 2 steps ahead when it comes to your sales funnel. Don’t put all eggs in one basket.
- take breaks :)

Good luck. Go secure the bag. 💼💰

like

Related Posts

I need advice…. a partner is moving my time to non-billable codes rather than writing it off. He’s doing it to make his numbers look good when fees exceed the quoted fee cap. He is doing it without first giving me a guide on how much time to record and is sending my work without amends (ie my work is good). In my firm billable hours recorded go towards performance, promotions and bonuses. Write offs and realisation are not part of those assessments.

like

1st yr here, & I’m struggling to bill 8 hours/day. I went into the job ready and willing to work 8+ billable hours a day, but I find myself getting burned out by billable hour 6/7 everyday. Any tips?

like

What matters more - billable hours or quality of work? It seems like I have a good reputation for always being available, but personally, I don't think I am doing my best work as I'm overloaded. Does billing well matter more than quality work? Just started in the spring as midlevel.

like

For anyone debating whether to go in house, I recently went in house, and the mental health benefit of not having to worry about billable hours is completely worth the switch. It's great not having to worry about catching up on hours when I'm out for a doctor's appointment, vacation, etc. It's more of a mental health relief than I guessed it would be.

likehelpful

Anyone know or have speculations as to the hourly billable rate for Media Law partners at Davis Wright Tremaine?

like

If you are an associate assisting on a file, you get cc’d on all emails and take time to read them and stay up to date, however you aren’t actually replying to the emails or doing any billable work. But you need to stay in the loop for when you need to eventually draft a document and know the facts. How do you record your time for these emails?

like

I work for a boutique firm in a large west coast city. No clue what it costs or means if I’d make partner. How does the process usually work? I’m currently a senior associate. Been here a bit more than a year. Not sure if I want to stay and grind the billable hours or try to move to in-house or government law in the same industry.

like

Are there non-billable hours targets (ie. business development, professional development, firm committees) for associates in big law on top of the billable targets/requirements?

like

Ever a good idea to out a lazy supervising attorney? I’m a mid level working for a junior partner that reports to managing partner. Junior partner misses meetings, calls, is always late, misses deadlines, etc. He meets billable requirements by taking easy assignments on large docket but does not actually work the cases until a big deadline comes up, when the case inevitably ends on my desk because I’m the “go-to” for very hard cases. Ever a good idea to put someone whose laziness goes undetected

like

Deloitte & BAH compete for the same work, and have overlapping or similar pay for similar backgrounds.

Yet the workload at D is higher, due partly to 'firm initiatives' - D is less efficient (more work to get similar result).

Ergo, firm initiatives are often not productive; also, D benches rather than furloughs people without billable work, and hires people to the bench (vs client). Granted, D does have more mobility laterally & vertically.

Is any of this wrong?

like

Salary survey:

Base:
Years:
Number of attorneys:
Yearly billable requirements:
Bonus:

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?

like

Hello, I’ve been doing litigation for 6 years. I truly hate it and I’m wondering how difficult it would be to transfer to a different type of law (possibly at the same firm)? What is the least stressful paralegal role? Or what other types of jobs can I get to avoid billable hours and over the top stress? Help please, I need a more sustainable job that I actually like. Litigation is too chaotic for my personality.

like

When lateraling to another defense firm, is it necessary to show billable hours at current firm?

like

Help me think through this decision please.

Gov attorney, 8 years out of law school and will make over $100k for the first time this year. Gov benefits are great and WLB is amazing (I have a wife and child). We are less than 2 hours from all of our collective family now. I have an offer with a small firm I am highly interested in. $165k base + bonus for only 1800 billable hours, but it is 8+ hours from our families. $90k in student loan debt left. Am I wrong for wanting to take the money?

like

I was part of the tech layoffs over the past couple of weeks. I have an opportunity to go back in house or back to a law firm. Both are great opportunities and comparable comp. Pro of law firm - stability (less likely to be laid off). Pro of in house - no billable hours. Should I ride out the recession at a law firm until things settle down or take the risk and go back to in house?

like

I’m back to having no billable work again. My department almost completely dried up when covid started, so I’ve been relying on work from other busy departments at my firm to keep me busy since March. I feel like I start a new job every couple of weeks and am constantly begging for work. I’m just exhausted. Can anyone else relate?

like

What’s the best way to turn down a 2nd interview? During the 1st interview, I learned that the compensation for the role is not within the range that I am looking for and requires 400 more billable hours a year than what I bill now. I’d basically be laterally for my current salary just to bill 400 more hours. I also wasn’t aware that the local office was strictly ID. Firm website advertises lots of practice areas. Any advice? TIA!

like

What is it like to work as a real estate lawyer? I’ve done 4 years of plaintiffs personal injury, I’d like to try something new. Don’t want billable hours. Any thoughts? (Also other types of law suggestions are welcome)

like

More Posts

Anyone have feedback on Hogan Lovells Miami? How’s the work? Is it the same NY BigLaw grind?

like

I feel this comes up a lot on this thread, but I want more than anything to pivot to art direction. Is ad school worth it or do most ADs get there by putting in the work to develop outside the office?

like

“If I went to jail I could write that book I’ve always wanted to write.” Said the extremely over-worked creative in a serious, contemplative tone.

likefunny

How is Job security in EY GDS , Will it fires in Probation period or after the Probation period?.

Need your valuable information 😊 EY

likehelpful

I recently had an interview with a very promising pre-IPO company in the AI/ML space for a SE leadership position. The interview feedback was better than I expected, but with a twist. They have already given the offer to someone else, but they still want to bring me on board and they asked me what I would like to do. I am in the process of gathering more info, but it is tempting to ask about pivoting into product management. What would you do in this situation?

like

One of friend wants to join at WIPRO..
Fresher
Flexible in any shift timing
BA
Location Kolkata

like

Hi can anyone involved in Republican politics DM me? Would love to help out in re-electing the Governor. Also would love to get involved in Denton County. I don’t live in Texas yet but would love to start making connections

likefunny

Anyone from EY PAS WFA willing to chat?
TIA!

like

How much hike can expect this year for an IFS Functional Consultant?

like

I am a Mechanical Engineer currently in Structural Analysis domain for 2 years and Want to change my domain to Data Engineering or Big Data Developer. What should be my approach and ideally how long would it take to get into this industry ?

likesmart

Hi EAs! I've been an administrative professional for 10 years. For the last 5, I've been an Executive Assistant without the title. Managing multiple c-level executives at my firm. I'm looking to move companies and all of the titles are EA. Will not having that title on my resume hurt my chances to be considered? Thanks for any input!

like

Basic pay component more or less what is beneficial for 20lpa ?

like
like

Anyone else apply to Wharton HCM?

like
like

Anyone know anything about BDO’s Restructuring & Turnaround practice? I didn’t know they had one until a headhunter reached out. How’s the culture, deal flow and comp?

like

Thinking about joining PRSA - Miami Chapter. Anyone here working in public relations who’s also a member of PRSA that could offer an honest review on whether it’s worth it to join?

like

Where Can I check my salary Details for the complete financial year 2021-22 in PwC AC?

What I would be getting next month, how can I check that.
There has been ad hoc hike in January, how can I check updated salary breakup?

I'm a new joiner, Anyone please help.

like

I’m in writing he’ll right now. Im a first year doing my first brief on a class action lawsuit but I can’t even get past half a page. I’ve done good research, I know what arguments to make but I’ve just hit a huge writing block; Im kind of demoralized. I even stopped the clock because I feel embarrassed of how slow my writing is going. Any tips, shared experiences or encouragement would be welcomed 😣

like

Additional Posts in WFH Freelancers

Reminding all of the freelancers and small business owners out there that today is the last day to file for PPP. Most banks haven't accepted applications but my accountant forwarded me to BlueVine and i was shocked to get approved same day. Seriously were all struggling for work so grab the forgivable loan now, then when you start making money again give something back to your community.

like

Freelancers, ever experience this: you/your partner deliver "really great" (no flex, their words) TV scripts, big nat'l brand. Then you see younger FT'ers scripts & are like WHAT EVEN ARE THESE? Off-strategy. Unfunny. Contrived. Nonsensical "30s" that are 1:46's. 99% of concepts are about characters making TikToks that are even less funny than the spot itself. Is it "everyone gets a trophy" 'cause they don't wanna demoralize FT'ers? It's their call but how on earth can they present such trash?

likehelpful

Advice on the best way to jump start a freelance gig in NY? Moving there next week

How do you tell a place that you don't want to freelance there if they keep bugging you? I've heard nothing but bad things but at the same time don't want to burn a bridge.

like

Went really high ($1100/day) thinking the agency will negotiate... but they didn’t 😱🕺🏻. Gotta play to win amirite?

likeuplifting

Recently started a 2mo contract (W2) - one week down and don’t think it’s a fit. Crazy hours & a lot of chaos. I can make it through the 2mo but, the project goes until the new year. Is it bad form to leave before the project finishes … when would be the best time to let them know I won’t re-up?

like

Wanted to get y’all’s opinion. If you haven’t been paid by the time agreed upon in your contract what do you think is the appropriate follow up email cadence?

like

Just got thrown on a project at a brand agency I’ve been freelancing longterm for, and found out that it’s the same client I’ll be working on at a digital agency in Jan. I saw the digital agency listed on the inter-agency teams doc. Do I need to flag this with my both places? Am I allowed to take this job?

like

I quit my job to go freelance at the end of last May. My W-2s just came in, and just from June-December I earned more $$$ than my previous full year’s salary. Which includes taking all of December off.

Thanks for the support y’all

likeuplifting

What’s the most you’ve ever made in a year (talking about money not projects produced)?

like

Stated Income Loan

has anyone used this in the past to buy their house?

like

What do you wish you knew before you started freelancing?

I’ll go first… Wish I knew not to take it personally when recruiters didn’t respond or ghosted.

likehelpful

What are the best networks to find freelance strategy jobs? Working Not Working is primarily for creatives right?

like

Can someone summarize the difference between NYC & LA in terms of agencies? Seems like there’s more work in NYC but why? Because the industry matured here? More clients here?

like

Any Freelance CDs here have trouble working remotely with an AD or other (supposed) subordinate who is also freelance? I email him feedback and changes and he responds that he’s done enough and is happy with the ads. WWYD?

like

What do you say to delay potential engagements if you're waiting to hear back from another one? It's not like full time where you can say you need time - they typically want you to start asap...

Agency wanted to lock in a two-month contract starting immediately. Took forever to get me the offer. Sent it Friday at 5:30pm & chopped off about $10K of what was discussed.

Do I show up Monday?

like

Thinking about starting a LLC for freelancing. Do I just use my name or can I call it something interesting? Does it affect my gig chances?

like

Advice on US day and hourly rates for senior level brand + creative strategists?

Work will include positioning, messaging, content strategy & marketing concepts. Client is a small boutique agency (core team of 5) based out of Atlanta.

I’m Berlin-based and more familiar with rates in this market.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the Fishbowl app