My law firm gives me a report that breaks down the amount of billable hours collected compared to how much I’ve been paid on a monthly basis. Does anyone else’s firm do this? At what point do you think it’s acceptable to ask for a bonus/raise?

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My billing software shows this on the homepage and it’s available every day. It’s supposed to be used as a “metric” and “discussion tool” at my (mid-sized regional) firm for end of year decisions and performance reviews. However, it’s been made clear to us that it’s not a negotiating tool for an out of cycle raise/bonus. Hope you have better luck

I’m with ya, I’m at 3.5x or so, and it’s not even close to year end yet. Definitely putting in the back of my mind that I’m worth more and hoping to be valued properly at the end of this year...

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The guideline I've always heard is that your collections should be 3x your salary. If there's a large gap, time to ask for a raise.

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