8 hour billable requirement per day question
Posted: Fri Aug 23, 2019 8:26 pm
how many hours a day do you have to work to meet an 8 hour billable hour requirement?
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I've never heard of an actual 8-billables-per-day requirement either. I think I'd take a hard pass on any firm that had such a requirement. Even in the most consistent practice areas - T&E, patent prosecution - work comes and goes. It's entirely common and frankly unavoidable to have days where you bill well under 8 hours.JHP wrote:I guess I've never heard of firms requiring daily billable hours--is that a thing or are you just averaging out what you estimate to be your daily billable hour requirement to meet your annual billable target?
Unless folks are committing outright fraud (like, say, leaving their timer running while having coffee with a friend across the street), accounting "leniency" doesn't go all that far. Tracking bathroom time is going to add, I dunno, maybe 20-30 minutes total - at most - over the course of an entire day.JHP wrote:It may also depend on how conservative you are in tracking hours (e.g. I know people who leave their timers running to go to the bathroom, but I don't) or how bill-sensitive your client is.
Yeah the bathroom thing was only one example I could think of for people's varying timer practices (definitely not for grabbing coffee, though). For the bill-sensitivity, I was thinking more the opportunity for folks to bill to other matter numbers, like some business development billing codes that some firms use for junior associates when there's not necessarily work for the associate to do, but they can sit in on calls, read a merger agreement and bill to a non-client billing code.QContinuum wrote:I've never heard of an actual 8-billables-per-day requirement either. I think I'd take a hard pass on any firm that had such a requirement. Even in the most consistent practice areas - T&E, patent prosecution - work comes and goes. It's entirely common and frankly unavoidable to have days where you bill well under 8 hours.JHP wrote:I guess I've never heard of firms requiring daily billable hours--is that a thing or are you just averaging out what you estimate to be your daily billable hour requirement to meet your annual billable target?
Unless folks are committing outright fraud (like, say, leaving their timer running while having coffee with a friend across the street), accounting "leniency" doesn't go all that far. Tracking bathroom time is going to add, I dunno, maybe 20-30 minutes total - at most - over the course of an entire day.JHP wrote:It may also depend on how conservative you are in tracking hours (e.g. I know people who leave their timers running to go to the bathroom, but I don't) or how bill-sensitive your client is.
As for "bill sensitivity," I agree that cutting your own hours can actually be a huge issue. If you're routinely forced to cut, say, 50% of the actual time you work, that's massive.