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5-7 is pretty aggressive. At least 3x is the standard I always used.
Ye It is aggressive, but that's really just a goal
That's always a great idea.
I think a good minimum is, that you should bill at least 5-7 times your annual salary, and reduce that down to see how many hours per day you need to complete of actual billable time.
It's a very good idea to get used to the minimum hours concept asap, but P1's math would have been 300 hrs/equiv 2 months work more than necessary at my first firm. 7 attorneys, non-CHI Midwest city, and the soft expectation was 6 billable hours per day.
Rather than guessing and rolling with it, come up with your number and see what they think about it. And at the same time ask what they recommend for slow days and confirm when they look at your numbers. My firm evaluated time monthly, so I had to learn to anticipate slow months and stretch/defer work that could wait. Because if I felt ambitious and billed 150 hrs in a month, that might mean I wouldn't meet them the following month and get a talking to...
Try and bill 3x your salary
130 a month
Agreed - OP cement your non-compulsory requirement to similar hours that one in retail endures
At least 160 a month.
3x salary actually works out to around what I achieve naturally. I like that number.