Summer Associate Billable Rates

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Anonymous User
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Summer Associate Billable Rates

Postby Anonymous User » Sat Jun 04, 2011 9:42 pm

Just curious of what the market rate looks like. Mine is $185/hour (biglaw firm) and I can't imagine that my firm actually bills a client this whole amount for the little amount of (average at best) work I am able to do in an hour.

What the f.supp?
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Re: Summer Associate Billable Rates

Postby What the f.supp? » Sat Jun 04, 2011 9:46 pm

$185.

Anonymous User
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Re: Summer Associate Billable Rates

Postby Anonymous User » Sun Jun 05, 2011 4:07 pm

$250 (biglaw)

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thesealocust
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Re: Summer Associate Billable Rates

Postby thesealocust » Sun Jun 05, 2011 4:11 pm

It's very client specific. Your rate is likely accurate, but substantial portions of your hours (up to and including all of them) will likely be written off by the partner in charge of billing for each project before the client sees the bill. Exactly how much will depend on the client, the firm, and the work you're doing.

Anonymous User
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Re: Summer Associate Billable Rates

Postby Anonymous User » Sun Jun 05, 2011 4:12 pm

Just wondering how many client billable hours people have on average each day. Between lunches and extra trainings, I feel like I'm only billing clients about four hours per day. Should I be concerned?

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thesealocust
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Re: Summer Associate Billable Rates

Postby thesealocust » Sun Jun 05, 2011 4:12 pm

Anonymous User wrote:Just wondering how many client billable hours people have on average each day. Between lunches and extra trainings, I feel like I'm only billing clients about four hours per day. Should I be concerned?


No.

Anonymous User
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Re: Summer Associate Billable Rates

Postby Anonymous User » Sun Jun 05, 2011 4:34 pm

$245 big

Anonymous User
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Re: Summer Associate Billable Rates

Postby Anonymous User » Sun Jun 05, 2011 4:44 pm

Technically $250, although I doubt any of it gets billed at my firm.

Anonymous User wrote:Just wondering how many client billable hours people have on average each day. Between lunches and extra trainings, I feel like I'm only billing clients about four hours per day. Should I be concerned?

Not unless your firm told you otherwise. At my firm, we are required to "account" for at least seven hours each day, which includes lunches, training, and other firm-sponsored events. So if I take a two hour lunch, go to a one hour training session, and spend four hours on a project, that will suffice. I know of at least one firm that expects eight billable hours from its summers each day, but that is certainly not the norm.

PirateCap'n
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Re: Summer Associate Billable Rates

Postby PirateCap'n » Sun Jun 05, 2011 5:34 pm

Anonymous User wrote:Technically $250, although I doubt any of it gets billed at my firm.



+1

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BunkMoreland
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Re: Summer Associate Billable Rates

Postby BunkMoreland » Sun Jun 05, 2011 6:03 pm

Mine is 185 I think too, though I seriously doubt the extent to which clients pay for this.

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Re: Summer Associate Billable Rates

Postby Anonymous User » Sun Jun 05, 2011 6:25 pm

At my firm we use a program to enter our hours and it lets you see your total hours, as well as hours the firm billed. Only about 3 hours of my work has actually been billed from what I can see. That seems pretty accurate to me.

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Kohinoor
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Re: Summer Associate Billable Rates

Postby Kohinoor » Mon Jun 06, 2011 7:04 pm

Anonymous User wrote:At my firm we use a program to enter our hours and it lets you see your total hours, as well as hours the firm billed. Only about 3 hours of my work has actually been billed from what I can see. That seems pretty accurate to me.
If you're referring to DTE, the billable hours don't necessarily actually get billed to the client.




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