Should I bring up my billable rate to the department head? I lateraled about m 6 months ago and recently became aware that a colleague in the same class year had his higher billable rate increased and it’s higher than mine. he started with the firm but was not there for the majority of last year so I don’t know how much of it can actually be performance or hour based..

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

It may have nothing to do with you or your performance but rather what the clients you v. they work on are willing to pay. The firm may very well want you at a higher rate, but the partner(s) you work for may have balked at it. As long as it is not impacting your pay, it shouldn’t matter.

like

Is he in the same group/specialty as you? If he’s in a different specialty that just has higher rates I wouldn’t be concerned. They may just feel more comfortable billing him out to clients at a higher rate since they have more experience with him.

like

It would be expertise-based I think. I'm seven years out and bill at a higher rate than my coworker who is ten years out because I have more years in the practice area.

like

I lateraled over to my firm from a biglaw firm in a practice area my new firm needed. I get billed out at a higher rate than other associates in my class year.

like

Sorry if I'm missing something, but why does this matter?

like

Yes you should! They can always say no and explain why. Or they can raise your standard rate for new matters and clients who pay standard rates (or a % of) while keeping it lower for institutional clients that have more specific rates. Most of my work is at a discounted rate because of the clients so I always jack up my standard rate when I can to capture that extra in collections that those clients are willing to pay. For me it’s my rate and collections, not # of billable hours, that makes it so I’m performing well in the eyes of my managing partner.

Related Posts

What’s salary for senior data architect in DnA? Anyone knows?

like

Volkswagen - 20 LPA CTC
Bosch - 20 LPA CTC

YOE - 5
Tech - SAP ABAP

Volkswagen has S4HANA project and Bosch has ECC project. I am thinking of Volkswagen.

Need your suggestions.

Hello IBMers,
IBM has offered me X amount ctc and i accepted it on portal....now got to know that market valuation for 10.3 yoe is greater than offered ctc....can i ask HR to increase the ctc and change the band...will they consider it?...not holding any counter offer as of now

like

Any ideas how EY comp compares to Deloitte?

like

Setting up ConEdison for first time. How much should I expect to pay in monthly utilities for a studio (heat, gas, water incl)?

like

Most woman with excellent WOE don’t negotiate their pay.. I’m a woman working in Tech and this is so sad to know..

like

Hi everyone!

I recently just finished my interview with Accenture and is looking very promising. We have yet discuss salary, I would like to know other people's salary who work in the Industry X so that I'm not getting low-balled. I currently work at HDR inc. making 69K (Salary).

2 YOE., Mechanical Engineer

The position is "Analyst - Industry X Development Program" in Detroit, Michigan.

like

Hi! Any insight as to how much PRN occupational therapists in outpatient rehab make?

like

Guys keep posting hikes ..but be truthful about it.

like

I interviewed for a CSAM position, I have 12 YOE in MGMT CON / PM work. Any idea of potential package offer / level process? I’m looking for 180K base.

Is 150 billable hours per month little/average/a lot?

like

How much is the shift allowance for US or UK shift????

Hi Guys,

I have 4.6 YOE in Linux and Devops and my current CTC and s 8.2 lpa. I am thinking of switch in my career. How much package should I aim for..
I have experience in below tools
Kubernetes and EKS
Puppet
Nagios
Aws
Fundamentals of Gitlab.

like

Tech stack - DevOps
YEO- 8 years
Current org - Oracle
Current CTC - 20 lpa
How much is expected from good product based to offer?
Any recent experience would be appreciated

like

Hi, I was promoted to Associate in March. Am I eligible for October annual hike?

like
like

When we get appraisal in hexaware what is the avg hike people getting in hexaware

115 base comp
15k quarterly bonus
130 TC
3-5 years experience Marketing Manager
I feel like this is low — what are some comparable TC packages?

Hi Fishes,

Recently, my appraisal cycle got completed. So whenever a recruiter asks about CTC, will I need to add the Gratuity and Insurance and then tell the Total number.

In my company Total CTC = CTC + Gratuity + Insurance.

Please let me know in comments !

like

My current package 18 laks at 8 year experience how much i can expect with TCS now

More Posts

Hello,

I have cleared interview with Wipro a month ago and after 15 days I received a simple mail from HR saying you are selected.

Since that day, there is no communication from HR team of Wipro . I tired of sending multiple emails and when I tried to call he always declines my call.

Between director of respected technology is reaching me and he wants me to join ASAP and take over the project work.

What should I do now?

Thanks

What do you tell a recruiter asking about other potential offers/interviews? For context, completed my rounds of interviews with this company and they likely want to know my timeline to provide a decision

like

Anyone wants to meet new people in Hyd ? Got bored and have no plans for tomorrow.

like

How is WLB at a MM fund different from a MF? I’ve heard MF are worse on average, but what makes it worse? Is it just the hours, or is the work also significantly different?

like

How is Sutherland IT side ? Is it worth to join as Associate Manager for Quality ?

like

Any F fishes down to grab a drink? 25 M

like

I am planning on asking for a raise in my base salary and I am unsure what the market price would be for my skills at a staffing agency. I am in the top producer at my company with over 50 producers. I generate an average of $120k in GM per quarter. I am approaching my first year end review and I am currently at a base salary of $70,000 and I have 3 years of prior experience in the industry. What should I be asking for in this situation?

Alvarez & Marsal Is 60k a good base for A&M CPI Associate role. Would like 65, is negotiation generally possible? Alvarez & Marsal

like

Is anyone planning on trading water futures?

funnylike

Hi! Anyone from Tesla or know of Tesla salary structure for Entry level Product Manager? Thanks!

like

Anyone know the salary for Sr. Financial Analyst P3 at Mckesson?

For anyone who needs to hear this today, I want you to know that you matter. You have touched someone’s life. The world is a better place because you are here. You may not see it or feel it today, but it please know that it is true.

Post Photo
likeupliftinghelpful

Any ML CAs out there who have transitioned (or are currently transitioning) to IA/EGP roles?

like

Kicking myself for staying on partner track and turning down sweet offer with high tech company on west coast where value of rsu doubled in less than a year

like

does booking sick date or vacation impact utilization?

like

Deal Lingo - I’ve seen a “Book of Banking Jargon” from L&Ws. Is there one out there for M&A? Also does anyone really know what dupe/duped means?! I use it not fully understanding it’s meaning. (Junior Tag)

like

McKinsey & Company What are the TC bands at McKinsey & Company Digital? How's the brand recognition and is there a path to Partner?

like

Should I lump sum $150k into the market or DCA? Just looking to grow the money, no other short term plans.

like

Hi everyone,

Anybody know about BAKER HUGHES company. Is it a product based or service based. ?
Can you share me how is it working with them ? How are growth opportunities, learning opportunities. Pros and Cons.. Anything would help. Thank you 😊

like

Ya’ll take ya vitamins today?

likehelpful

Additional Posts in Law

Is 150 billable hours per month little/average/a lot?

like

Pro tip I wish I received: when lateraling back up your phone before leaving so you don’t lose it’s contents when your previous firm remote-factory resets the device.

likehelpfulfunny

Can I waive into other UBE jurisdictions using my NY UBE license at any time? Or is there an expiration date for my bar exam score, after which point I won't be able to waive in?

like

What would you say is the difference between a billable hour target vs. minimum? I feel like some firms boast about not having a “minimum” but the expectation is that you to exceed this target which just makes it a minimum.

like

I joined fishbowl a month ago and while I’ve seen a couple contentious debates but I must say I’m pleasantly surprised at how respectfully ppl comment on this app even when disagreeing. Usually anonymity on the internet brings out the absolute worst in ppl; they type things anonymously that they would NEVER say in person smh. But I really haven’t seen horrible comments here. I wonder what makes this app diff frm others?

like

Is it normal or ideal to continue working on a deal in your last week at the firm?

like

What’s the fastest/youngest you’ve ever seen someone make partner?

likehelpful

Any trial prep tips and tricks for an associate second-chairing a medical malpractice case for the first time?

like

Am I the only one left at the end of the month trying to bill 10hour days to meet hours because I slacked off at the beginning of the month? It’s a vicious cycle. Then the end of the month hits and I’m so exhausted that I need to take it was the next week... and the cycle continues

like

Beisdes CiIPPS and CIPP/US, what certifications would make you more likely to hire an attorney for a data privacy/IT law role?

like

Billables are low this month. Like I have 65 billable hours in so far. I’ve messaged partners over the last week to try and get more cases but there are tons of new associates who were just onboarded and were at a low point for business. I’m freaking out

like

For exhibits to motions/responses in federal court, do law clerks prefer (1) citations to doc numbers or (2) attach exhibits to motion, even if the docs have already been filed with the court.

like

Any advice for new, relatively young, in house attorney? I feel lost and I’m having to build the “legal dept” from scratch.

like

I woke up and realized what’s bothering me about my (biglaw) firm.

They’ve been so busy bragging about how great of a job they’re doing responding to client inquiries and guiding them (cont)

like

Anyone familiar with Opportunity Zone Businesses? I have a very basic question that I cannot find the answer to no matter how much I search. If you’re informed on this, I would like to shoot my question to you here or offline in a direct message. Thanks!

like

Please tell us, since COVID started:

-weirdest thing you've eaten
-weirdest thing you've watched
-weidest thought you've had.

likehelpful

Took a role out of desperation and it was a big mistake. The firm was toxic and crazy revolving door. After only a few months I was fired "for cause" even though no cause was actually given. Is this the end of my career?

like

Absolutely love my direct supervising partner, hate the firm management, pay is mediocre and I could get a 5 digit bump elsewhere, what do I do? (Mid-size insurance defense firm in southeast region)

like

Giving a CLE on practical tips for young lawyers, which focuses on practical tips such as looking for leadership opportunities and client development. We want to give a hand out of resources we’d recommend, like books, podcast, etc. Any recommendations for resources we should include?

like

I’ve practiced litigation in DC for about 5+ years at a larger plaintiffs’ firm, and am considering a switch to a defense firm. Is there any insight to how many billable hours this would require, and how much time that would actually be? For reference, the firm has a 1900 billable hour requirement and the partner said I would have “no problem” fulfilling that based on the work they have.

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

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal