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1400 billable hours, about 70% utilization is average. It’s common for this to come in peaks and valleys over the year.
That’s correct. As you know, working hours do not always equal billables.
Anywhere near 1900-2000 billables might be normal for the restructuring group but that would make you an outlier in FDD.
A senior making $200k TC with no AR/WIP from the previous year would’ve “only” billed 1600 hours.