Hi all- I’m making the switch from an admin to a consultant (I’m the nonprofit sphere) in the coming months. I have a good handle on the technical side of what i need to know, but having never worked for a consultancy in the past I’m wondering if y’all have any resource or tips to prepare on that front.
-how companies typically track billable hours
-common challenges/pitfalls for new consultants
-good tips for staying organized across multiple projects
-Tips for discovery process
I went on an interview yesterday. To say it was disappointing would be an understatement. The partner that interviewed me was nice, but he did not understand transactional law. At my last firm, I was a hybrid between transactional tasks and litigation. When billable hours came up, he scoffed at my previous requirement and stated that his were at minimum 60% more. He told me about the “good ole days” when associates were expected to work 200 billable hours a month. He can’t find anyone.
How big of a reduction in billable hrs req would it be worth it to you to take a 40K pay cut?
If you’re interviewing for a new position outside the firm and the interviewer is unavailable after your billable hours (staff augmentation project). Typically for appointments (dentist, doctor), we make up the time outside of working hours. Would you A) block off the time on your calendar as an appointment and make up the 30 min outside of normal working hours
OR B) take 30 minutes of PTO for interview
Obligatory financial info post. 1) size of firm, 2) billable requirements, 3) salary, 4) bonus, 5) quality of life, 6) debt, and and 7) family/married/single. Go!
Is it billable hours if I have a 5 hour on-site interview at the client site to work for them full time? 👀
People who work 50, 60, 70+ hours a week: how do you do that without putting your project over budget? Are your engagements written to have a resource work over 40+hours a week? Are you spending over 10-30 hours a week on added non billable time? What are y’all doing with all of that time?!
Thought experiment for you, fishies.
We all love to hate on billable hours. What’s a real, feasible alternative???
Small agency owner 🙋🏻♂️ I’ve wracked my brain and have 3 biz model options, none great:
Billable hrs: Generally accepted. We all know the downsides.
Pay4performance: Big upside potential, tons of risks.
Project pricing: Cloak for billable hours. You have to estimate project cost with something.
Who’s thought of a better approach??? Genuinely curious if there is one.
Guilty or Not Guilty of Slacking?
The sitch: Father of two, 3.75 and 1.5 y/o. Wife is a teacher WFH during 5 hrs a day. I am working from home as well, just can't get in all the billable hours.
How are firms handling the economic downturn in terms of billable hour requirements for associates? Are annual billable requirements being updated or mitigated in any way? Curious to see how other firms are handling this issue, and also afraid of not being able to take any time off until 2021 😳
Is 180 billable hours per month a high “target” (to use the firm’s vernacular) or expectation?Although it may not be unreasonably high, I believe it is a high number and would at least appreciate someone at my firm acknowledging that. Perhaps I’m wrong and I’m sure you’ll tell me if so.
Excluding doctors and lawyers, do you think that it is fair to say that working as a consultant is a lot more demanding that many other business jobs? (Billable hours, 24/7 availability, etc..)
I’m 8 weeks pregnant and am exhausted all the time. Like, sleeping 8 hours a night and still can’t keep my eyes open during the day. My work is insanely busy and the pressure is really on for billable hours. Our firm has furloughed some lawyers and laid off others. So even quick naps during the day aren’t a possibility. I’m typically working from 8:30-7, break for dinner, and then back on the computer from 9-10:30 before bed. I exercise most mornings and eat well. What can I do to make it thru?!
Hi all! I received an offer at an insurance defense firm but recently received a slightly better offer at a plaintiffs firm. Not sure which direction to go in. The defense firm has a crazy billable hours requirement and at the plaintiffs firm I will be managing a large docket of cases. Not sure which is more or less stressful.
I've only been in biglaw for a year, but have been practicing for seven years so far. I used to be a state regulator for this practice area and generally enjoy working at a private firm. A partner at a boutique firm that I'm friends with has called me every few months to check-in and see how I'm doing. During our last call he essentially offered a job after I get another year of experience in private practice. Five year track to partnership. No billable hours.
New to billing and having trouble getting used to the concept that I get sick time only if I make up all the hours later. On sick days, I am not able to work, even at home. There must be lawyers out there with chronic conditions that need regular sick time off (say a day or two per month.) If this is you, how do you handle billable targets? Do you just have to ratchet up daily/weekly targets to try and build up a bank of hours?
Am 2 months in to a new job with billable hours and I am miserable. How do I seamlessly go back to my old firm? Is this move a career killer?
Hey thanks for giving me two fewer days I can use to meet my billable hours target for the year. Ugh...
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