So EY Advisory, Deloitte Advisory, Grant Thornton, etc have recently mandated 45 billable hours/wk, up from 40. Clearly this isn't firm-specific. Anyone have any insights on what's really going on?

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

45 hour weeks are September to the 2nd week of November. It's used to compress schedules during peak busy season. It's primary for FAIT professionals working on SOC or Channel 1 clients. This time of year it's not hard to hit 45 billable hours. For my teams I buy an occasional lunch or team happy hour.

like

Essentially that your career progression grinds to a halt after you leave PA. Im a senior 3, my friend who I started with left at staff 2 to become a Tax analyst in industry. Since then she’s since just a tax analyst and makes 35k less than I do. Most of us just try to survive to manager so 6 figures guaranteed till the day we die.

like
Recent IconRecent

They are just trying to make sure you hate your life.

like

They assume you lie/are unproductive for 5 hours a week, so they make sure you give them 40hours if work, while they bill 45 and capture that delta.

like

Do what I do...do 40 productive hours, bill 45

like

PwC 2 pass the loud that you are smoking. Nothing has worse profitability than assurance.

like

Woah that seems extreme. If anyone wants to split a referral bonus, RSM does not enforce such policies.

like

Don't worry rsm1 your partners will soon copy it and call it workplace innovation

like

I think you guys might be confusing top line revenue with bottom line profitability

like

Cost nothing to work you. While expensive to hire.

like

PwC 3 ditto, audits are often done on 70% discount

like

Trying to get more out of the current employees

like

Since when? In FSO Advisory, haven't seen anything about this

like

Advisory practices are struggling to meet the profitability of tax and assurance.

like

I honestly can’t recall when I’ve a 40 hour week.

like

Nah PwC 2 is right...some particular jobs have huge profitability but advisory as a whole is less profitable.

like

How is advisory less profitable? When i create the initial budgets for projects I'm instructed to aim for a margin of 40%. Audit really gets higher than that?

like

Pwc3 the firm makes a bulk of its money from audit services. Even if advisorys margins are better it's typically less recurring and doesn't equal the amount that the firm makes off audit

like

This did come out on the EY side at least in NY we had a meeting about during the office visits

like

There was an email sent out about it in august

like

It's 45 hours for the whole year

like

I can recall when I billed 40 hours working 60 pretty readily though

like

Related Posts

How is the billable rate for each associate determined at your firm? Does everyone in the same class bill out at the same rate?

like

Need insight into Butler, Weilhmuller, Katz, Craig, Tampa office. I have an interview for an attorney position and wanted to know billable requirements and office environment. What there WFH policy is if they have it. Any insight would be appreciated.

like

I have a question about mid-size Philadelphia law firms. Does anyone have any insight about what life is like (culture, pay, billable hours, cases, WFH, perks, etc.) as a junior partner/senior associate/of counsel in the litigation department at the following firms: Montgomery McCracken, Schnader Harrison, Stradley Ronon, Dilworth Paxson, Klehr Harrison?

Mental health is busy, looking for tips to help manage tasks, currently I supervise 12 therapists in 3 different departments that are all different with unique dynamics in each dept. I still carry a small caseload on top of this. I'm struggling with my patients and worry I am not giving them my best, I wax and wane between focusing on patients and therapists. Looking for advice navigating this type od conversation with my leadership, we have all been asked to work on increase billable time...

like

How were your billable hours the first couple of weeks after you lateraled?

likefunny

What's up everyone? I saw a salary survey posted earlier. What do y'all think I should make at a litigation boutique that handles primarily business litigation on a contingency fee? No billable hours.

Apps for keeping track of billable hours?

like

77 hours from the next super bonus tier. I have about 25 pro bono hours that I could do, and I have about 12 billable hours that I will do. No real Christmas plans. Worth scrounging up those last 40?

like

What percentage of associates meet the billable hours requirement at your firm?

like

When your firm requires billable hours, how are they calculated? Actual vs realized (I.e. what you put on your billing sheet vs what is billed to the client). Does your firm differentiate? Which number do they go by? My mind is somehow not comprehending how some big law hours are under my small firm requirement?

like

What's a reasonable amount of billable hours for a first year? How do you adjust to not having much free time?

like

Two of my really good friends at work have had their work dry up in the past few months (because of the Rona). I'm like two months ahead of them on hours, and they're worried about not making their minimum billable requirements.

Feel sort of guilty and try to avoid talking about hours with them. I'm just hoping the firm doesn't give them trouble...

like

Has anyone transitioned from Tax to RM? Could you share your experience and pros/cons of the change? Really want to get out of client facing/billable work, but I like my firm. Thank you!

What are your current billable hours and salary? Is anyone actually on a good ratio with this - would love to hear

like

Are utilization targets (%) always based on 40 hrs/wk, I.e 90% utilization = avg 36 billable hrs/wk?

like

What do we think this industry will look like in ten years? Do we still have biglaw firms with billable hours? Do we have more focus on alternative fee structures?

like

Is it appropriate to put utilization rate and annual billable hours worked on my LinkedIn?

funnylike

Is a $60K base salary with a $30/billable rate or $100K flat salary better? Assuming 80-90% utilization for both. There are other variables of course, but in terms of salary alone, which would you take?

like

I am thinking of switch from plaintiff side work to defense work in employment litigation. Has anyone made this switch? Did you regret? We’re billable hours too much to handle? More in comments.

like

What are your thoughts on contingent pay for associates based upon a percentage of billable hours collected? What percentage is fair? What about when paid in conjunction with a base salary?

like

More Posts

Someone pls let me know, what would be the in hand salary for this offer.

Post Photo
like

How much should I bargain with HR for Accenture Kualalumpur for Level 7 ?

like

What's a good excuse/come back if a company calls you out for exaggerating/embellishing something on your resume?

like

What are good companies with work life balance I can apply to in Austin? Currently a C2 with almost 2yoe

like

How is Deloitte culture when it comes to the role of scrum master

What’s better, working for an M&A advisory group or doing M&A transactions in banking? I honestly have no idea what the key differences are.

like

I wish I was rich.

like

Guys: how do you feel about a girl with acne scars? Not active acne. Makes me feel like makeup is a necessity not an option.

Any NYC riders here on this bowl?

Friendly reminder: IRA contribution limit increased from $5500 to $6000 in 2019. Make sure to update those automatic contribution amounts!

likesmart

Did being on antidepressants affect your sex life?

like

Good answers for “why are you looking to leave your current job?”

likehelpful

How to check bench ageing in Virtusa?

like

I recently selected to accenture, what would be my in hand salary every month after removing the taxes??

Post Photo
likehelpful

This is just a repeat of last March so we’ll all be rich again by summer

funnylikehelpful

Not in creative but my previous agency had a fantastic maternity policy.

like

Tips or suggestions for how to keep a positive mindset with each passing month of no pregnancy (or loss)? What helped you stay positive vs. getting into a mindset of sadness/anxiety/stress? Both in terms of relaxing but also in feeling like you were “in control” of as much as you can control

like

How would an L7 Principal Program Manager map to small/medium sized companies (like non-FAANG)? Would this generally be Director or VP?

like

Additional Posts in Accounting

What is the best tool I can use to convert pdf to excel? My client keeps sending me pdf file and ignores my request for excel... ugh

like

Work Stations? How 'bout nap stations? 😴

like

Real question: with all the scared people(myself included) in audit and tax with layoffs is advisory the only industry safe? Maybe specifically technology advisory as tech seems to not be slowing down

like

Anyone else getting sick of this ayn rand dystopian hell we’re living in?

like

Is it unusual to have a basketball hoop or two in your office? People keep walking past mine and ask why I have them.

like

Looking for a new office chair at home. Any suggestions?

Two key qualities: comfortable and adjustable

Price is very flexible. Much rather pay more for a nicer chair than get a deal.

Thanks!

like

Does anyone here use Avalara or Vertex? Interested in hearing any likes/dislikes and how the user experience is.

like

Didn’t work at all this weekend. Bad idea. Currently feeling the overwhelming weight of compliance season…

Never justifying not working weekends because “I deserve it” ever again.💀

likefunny

How do you negotiate an offer? What’s your process?

likehelpful

I’m in real estate tax group and looking for good books about RE fund/investments/accounting during non busy season. Any recommendations? Thanks!

How would you improve K-12 education?

like

PWC Audit A3 to Senior Consultant, Risk Advisory at a very small firm? Thoughts

like

Why do people on here think you get severance if you get fired? You don’t get severance

like

So "J" in US is like blow in UK. Comprende?👍🏼 gimme five if u get it....(high n low)

like

How much do you earn and how much are you able to save each month / year ?

like

Management at my job is like Jeakle and Hyde. They can be insane one minute, making me want to work somewhere else and then nice the next, making me wonder if I'm over reacting. Anyone feel the same?

like

I’ve got a manager who runs a tight ship: 12 hour days (not busy szn) regularly, no sick days, no company-sponsored events, etc. Mgr makes it miserable. How would you deal with this?

like

As a senior, I am dealing with trying to get answers from management but those above me want to be the filter and asker of all questions with the client. That is fine, each team has a preference.

But the questions do not seem to get asked or when they do the answer isn't right. How do others deal with this issue?

like

Question is the accounting n consulting fishbowl app the same

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

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

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