What are firm’s known billable requirements? Is there a ramp up period?

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I work for a Philly based firm (lateral hire); minimum for bonus is 1850. I had a week of ramp up factored into my target for that fiscal year.

Would you mind sharing the firm? You can DM me if you’d prefer!

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Obligatory financial info post. 1) size of firm, 2) billable requirements, 3) salary, 4) bonus, 5) quality of life, 6) debt, and and 7) family/married/single. Go!

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Was quoted the following for an unknown company - can anyone tell me what this is supposed to be:

Consultant - $90-105K + O/T straight pay starting after 1860 billable hours + 5% commissions on any business referred

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Thought experiment for you, fishies.

We all love to hate on billable hours. What’s a real, feasible alternative???

Small agency owner 🙋🏻‍♂️ I’ve wracked my brain and have 3 biz model options, none great:

Billable hrs: Generally accepted. We all know the downsides.

Pay4performance: Big upside potential, tons of risks.

Project pricing: Cloak for billable hours. You have to estimate project cost with something.

Who’s thought of a better approach??? Genuinely curious if there is one.

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Does anyone have experience working for a ALSP? How does compensation work (pay and benefits)? Are you an employee or technically an IC? Do you have billable requirements like at a firm? How do you think it prepared you to potentially move in house? I'm currently at a firm but thinking of taking a position with an ALSP but my goal is to go in house.

Salary survey:

Base:
Years:
Number of attorneys:
Yearly billable requirements:
Bonus:

Is 1850 billable hours in a major market that much busier than 1850 in a non-major market? Specifically for litigation

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During the interview they never mentioned there were billable req.
1 month ago she was singing my praises. Had been real sick last 2 months and went to HR re med accommodation and now this.

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