Billable Hours Formula:
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The Attorney Billable Hours Calculator helps legal professionals calculate projected billable hours based on total hours worked and billable percentage. This tool is essential for law firms and attorneys to track productivity and revenue generation.
The calculator uses the billable hours formula:
Where:
Explanation: The formula calculates the actual billable portion of total hours worked, helping attorneys understand their productivity and revenue potential.
Details: Accurate billable hours tracking is crucial for law firm profitability, attorney performance evaluation, client billing accuracy, and resource allocation decisions.
Tips: Enter total hours worked and billable percentage (0-100%). All values must be valid (total hours > 0, billable percentage between 0-100).
Q1: What is a good billable percentage for attorneys?
A: Typically, 70-85% is considered good, though this varies by practice area and firm expectations. Higher percentages indicate better time management.
Q2: How are total hours different from billable hours?
A: Total hours include all work time (billable and non-billable), while billable hours are only those chargeable to clients.
Q3: What activities are typically non-billable?
A: Administrative tasks, firm meetings, training, business development, and pro bono work are usually non-billable.
Q4: How can attorneys improve their billable percentage?
A: Through better time management, delegation of administrative tasks, efficient work processes, and minimizing interruptions.
Q5: Is this calculator suitable for law firm management?
A: Yes, it helps firms track attorney productivity and make informed decisions about staffing and case allocation.