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How does companies buy out notice period?
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How does companies buy out notice period?
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Personally, I don't think it's the billable hours themselves that are the issue, it's the minimums. Like if your billable requirement works out to around or less than 40 hours a week of actual work, then I really don't mind tracking the various projects I'm working on, especially if you're not under billing yourself as people tend to do.
Exactly this. The minimums are the culprit of how stressful it is. Because even if you're doing other productive work (recruiting, training, bus. Dev., etc. all things that are necessary for the firm to grow and function) you still have to magically find more hours in the day to meet your minimum billable hours.
Rising Star
That’s because your real job was selling hours, practicing law was just incidental.
Mid-career and don't think the billable hour is going anywhere in my practice lifetime, but . . . clients are definitely losing patience with it. I have a feeling we're going to start seeing more alternative fee arrangements and requests for fixed project fees. Which honestly makes a whole lot more sense than a structure that incentivizes associates swirling on projects to stay busy and having the partners writing off large chunks of time anyway.
I agree. Been in house over 2 years now and will never go back to a firm. Going in house was life changing and actually made me like being a lawyer again. The best part is the stable hours and all of the time I have for my family.
I aspire to do this and get there some day 🙏🏾
How long have you been in-house? I don’t miss the billable hour life at all, but it did help to quantify what you did/ the hours.
If you, and anyone here, would provide information regarding presenting yourself to in-house when you have primarily handled litigation throughout your career. Thank you.
My thoughts exactly