(Applications Advice, Letters of Recommendation . . . )
4 posts • Page 1 of 1
- Posts: 115
- Joined: Wed Apr 14, 2010 5:52 pm
You are paid a salary. Like any investment the firm owns, you have to earn them a return. Therefore, the firm keeps the money for the hours you bill. If you don't bill enough collectible hours to provide the partners with a large enough return, they will remove you and put a more efficient investment in front of your computer. Sounds super awesome, doesn't it?
- Posts: 47
- Joined: Thu Apr 14, 2011 12:15 am
Hours are split up into 1/10ths, you bill your time spent in the office to whatever client and case you are working on. If you spend 37 minutes reviewing new pleadings for client X, you bill client X for 0.70 of your time and so on. Your salary is not directly related to your billable hours, but if you aren't up to par with your billing.. it's no bueno.