The firm operated on a billable hours system, a sure-fire way to kill the creative process.
Putting a few marriages together per year would sure beat sweating out 1, 500 billable hours.
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It seems clean up contractors prefer piling up billable hours rather than actually cleaning up the oil.
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The letter stated that bonuses would be paid for two things: increasing billable hours and increasing billing rates.
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Of course, the first impulse is to avoid calling up an attorney and burning up some billable hours.
That way they can pick up billable hours reviewing filings when there are no deals to be done.
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The first looks at output (number of widgets, billable hours, service calls, whatever) per dollar spent to generate it.
The respondents attributed the loss to a variety of reasons including lower billable hours and not generating enough new clients.
They found that sick leave was reduced by 39%, typing speed and accuracy improved by 9% and the lawyers' billable hours increased by 7%.
Given Beijing's vast resources, cost is a negligible issue, even though the billable hours can rack up as trade disputes drag on for years.
When the professional team coordinates, there will likely be less total billable hours, plus coordinated efforts mean fewer mistakes to clean up after the fact.
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Working 2400-2600 billable hours a year out of them before shuffling them off to kinder, gentler employers when they go lame, making less money but enjoying life more?
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Maybe the extra cost for that additional IT person will result in 10 more billable hours a month for that attorney or five more orders placed this week from that salesperson.
Borrowing from the law-firm economics of billable hours, he has ordered plants to make sure that at least 85% of the labor hours in the payroll are charged to a specific job.
The result is the stuff of dreams not only for aggressive plaintiff lawyers, but for the large established firms as well, most of which are already logging many billable hours creating defences.
Since virtually every securities class action settles after surviving a motion to dismiss, the risk of non-payment is presumably much lower for plaintiff attorneys and courts might consider lowering or eliminating the multiplier on billable hours the firms rack up after that.
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In fact, In an Alice of Wonderland world, because it takes more billable hours to get a bad idea revised before it is brought up front to customers, Advertisers actually reward an agency more when it comes up with a bad idea.
His wife Clara, 46, a lawyer who has worked part-time while raising the couple's two children, is ready to increase her billable hours to boost the family income as she and Don begin the final push toward their goal: leaving the workaday world, still youthfully vigorous, to own and operate a bed-and-breakfast in the Berkshires, as well as a 1.7-acre spread for raising ostriches.
Deloitte has also stepped up its game, requiring 80% of work hours to be billable to clients.
This is so even if you bill by the hour and donate many hours of otherwise billable time to charity.
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