Sentences with phrase «billable day rates»

One thing my personal business model does not focus on is billable hours and billable day rates.

Not exact matches

At the end of the day that nickel will hopefully turn into a client that will be on a normal, billable rate.

What has been released is that the total utilization rate, defined as the number of billable hours as a proportion of the hours in a working day, was only 28 % for lawyers in 2015.

Gone are the days of high billing rates, stratospheric big firm salaries and huge billable requirements.

For instance, should you record eight hrs of billable time each day only six of individuals eight hrs are compensated through the client, your realization rates are only 75 %.

So if you think about the eight hours of a workable day at the top of the funnel or 10 hours or 12 hours, whatever your workday happens to be, the next step down in that funnel is your utilization rate which is how much billable time you're actually generating.

Worse, when factoring in realization and collection rates, firms only collected an average of 1.6 hours of billable time per day.

Partners cracking the whip on associates, young lawyers coming into the office 7 days a week to hit targets, and ludicrously high billable hour rates (is ANYONE»S time worth $ 400 - 500 + / hour?