What is considered a good billing realization for a first year at a mid-size firm?

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I just don’t understand how any first year is judged on this. Like what they’re gonna stiff the bill because they didn’t like how their diligence was formatted ffs

To be clear not knocking OP but the psychopathic partners who somehow think it should matter

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i was told not to worry about it at mine until later, like not even until about halfway through your second year. i’m in insurance defense and some direct-hire commercial lit and the expectation for everyone is 95%+ but not for the first 18 months or so

in ID, at least in my experience, the insurers give you basically a list of things they will and will not pay for, and you propose budgets to them so they’re generally not surprised. i think your realization rate has to do with 1) your personal ability to do billable work and not try to bill for stuff your clients won’t pay for and 2) the partners ability to budget accurately and cut down what they think won’t fit if they need to. for direct hires i don’t think the realization rate is relevant to the partners at my firm at all. they mostly just care if the client is satisfied

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