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Realization rate, should I be worried?
Posted: Wed Mar 06, 2019 12:39 am
by Anonymous User
New associate here, started 6 months ago but entered as a second year because of clerkship. I had to review a billing record, and noticed that everyone else, including the partner, had been discounted by about 14-20%, whereas I was discounted by 25%. Everyone else on the team is at least 2 years more senior than I am. I've been googling and it says realization rate at 75% is too low. Should I be worried?
Re: Realization rate, should I be worried?
Posted: Wed Mar 06, 2019 1:56 am
by Lacepiece23
No, you’re lowest on the totem pole so you’re and easy target for time to be cut. It’s not a big deal
Re: Realization rate, should I be worried?
Posted: Wed Mar 06, 2019 11:50 pm
by objctnyrhnr
That kind of discrepancy really is not a big deal. I think if you settle into like 70% or 60% as a lower midlevel then you have a problem. 75-85% strikes me as in the normal range.
Re: Realization rate, should I be worried?
Posted: Thu Mar 07, 2019 12:15 am
by Anonymous User
That seems slightly low, but it’ll probably change rather quickly. The first few months of my first year, my realization rate was around 80-85% and now (I’m a second year), it’s around 95-98%
When you’re new, it takes a little longer to get some clients to digest the fact that they have a new biller.
Re: Realization rate, should I be worried?
Posted: Thu Mar 07, 2019 1:17 pm
by Anonymous User
The partner probably spent a couple seconds marking down your time. There is no rhyme or reason to it -- you are just the easy target.
If you started noticing your time was marked a lot more than someone of your same year, then maybe some cause for concern. But I really wouldn't spend time stressing over this.