Billable hours requirement
How can the answer be improved?Billable hour requirements are a fact of life in most law firms. To budget for the salaries of the employees and the expenses of the law firm, there generally has to be some requirement in place. If there is no billable hour requirement in place, the reality is that most law firms can get into budgetary problems. billable hours requirement
Paralegals and Billable Hours Requirements The financial wellbeing of a law firm depends to a great extent on how many billable hours are generated by the firm's employees. Nonbillable time ultimately cuts into the firm's profits.
Because an annual billable hour target can be an intimidating figure, attorneys can break it down to the target they need per day or per month, according to Axelrod. Actually, in fairness to the firm, a number of WSGRs peer firms do have either a billablehours requirement or target of 1950 (at least for 180K scale andor bonus eligibility).billable hours requirement Aug 01, 2014 Sounds reasonable as long as they have 34 hours of billable work for you when it's not tax season. My goal is 1700 hours, I average 2833 billable during the summer and 60 billable