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[quote=Anonymous][quote=Anonymous]It is pretty straightforward -- at most places, your salary gets reduced equivalent to the amount you are working.  So, if you work 60 percent of expected billable hours, you get 60 percent pay.   Most places will make it up to you with a bonus if you go beyond your billable total.  Or you can keep your billables near target by getting comp time after busy periods.  Ten or more years ago, some big firms use to deduct for the overhead you are no longer contributing to, so if you worked 60 percent of your former billables, you'd get paid 55 percent of your former salary.  I think that has gone away.  Frequently, you get fewer vacation days but you typically need less.[/quote]

Under this model, do most people continue to get their full health insurance and 401(k) benefits?  Or, assuming a 60% schedule, would they get 60% of whatever contribution-to-premium the employer makes for full time employees?

I'm actually surprised to hear that this is how things are done at most places these days.  Several part-time lawyers I've spoken with are getting paid a percentage of the revenue they bring in instead of a guaranteed salary.  They get no benefits.  They're frustrated because they feel the percentage they get does not include a sufficient premium to compensate them for write-downs, slow- and non-paying clients, and all the unbillable time they are expected to spend at firm meetings, on business development, etc.  But they put up with it because they feel lucky to work part time.  I'm curious whether anyone is paid on this model and feels good about it, presumably because the "commission" is set at a high enough percentage to reward the unbillable time investment.[/quote]

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