Salary check please. Work in a small plaintiff class action litigation firm in a HCOL area specializing in antitrust and consumer protection. Strict 1800 billable hour requirement and my salary is 155k. However, I just found out I am being billed at $650/hour. Considering the conventional 1/3 method or there about, shouldn’t my salary be closer to $250-350k? Or my billable requirement should be closer to 1200? Am I crazy?

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The 1/3 method is back of the napkin math and not always accurate. That said, I am being billed at 365 but make around 170k/year with a 1900 requirement.

How big is your firm? Is it plaintiff contingency?

You’re not being “billed out” at $650. That’s just an input into a lodestar calculation if your firm successfully settles a case and seeks court approval of a fee

Lol

Plaintiff contingency makes it more complicated. I would focus more on how much money youve secured for the firm

If focusing on recovery, rather than hourly rate, does the 1/3 rule still apply?

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