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Reply to "Law firm cutting my billed hours and "bonus" -- legal???"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]People who come from biglaw have this issue a lot. Your definition of “billable” is different than theirs. [/quote] Really? I've worked for two biglaw firms and never heard of an issue like OP's. Our hours-based bonuses were always based on the amount the associate billed (excluding firm hours and with special rules for pro bono (one firm capped the number that counted)), not the amount that actually ended up on the invoice.[/quote] One of the BigLaw PPs here - agreeed - in BigLaw you (generally) get credit as an asap for anything you have billed, even if the partner writes time off. This works because the expected hours are higher (165-170/month at least) and rates are higher, so an associate’s realization rate (time that clients pay for/billable time recorded) can be lower. This billable vs billed difference is something some smaller firms do to keep costs down and try to convince potential hires they have good pay for a reasonable work life balance. At first blush is seems like a reasonable salary cut ($240K) for fewer hours (150/month) but it turns out that 150 hours is really 175-200 hours and you have no control over what gets billed. [/quote]
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