Report of the Boston Bar Association
Task Force on
Professional Challenges and Family Needs
FACING THE GRAIL: Confronting the Cost of Work-Family Imbalance
APPENDIX A, CHART 1
LARGE
FIRM ECONOMICS
Attorney
Profitability Based on Per Capita Distribution of Representative Aggregate
Expenses
Attorney's
Billable
Hourly Rate |
Number
of Hours Required to Pay Overhead of: |
Overhead
of $150,000 per attorney (excludes associate expenses) |
Overhead
of $250,000 per attorney (includes associate expenses) |
Overhead
of $250,000 plus 200-300 hours per year of Non-Revenue Producing
Work* |
Overhead
of $250,000, 200-300 hours per year of Non-Revenue Producing Work,
and Partner Compensation of $120,000** |
Overhead
of $250,000, 200-300 hours per year of Non-Revenue Producing Work,
and Partner Compensation of $240,000** |
Overhead
of $250,000, 200-300 hours per year of Non-Revenue Producing Work,
and Partner Compensation of $360,000** |
Overhead
of $250,000, 200-300 hours per year of Non-Revenue Producing Work,
and Partner Compensation of $480,000** |
Overhead of $250,000,
200-300 hours per year of Non-Revenue Producing Work, and Partner
Compensation of $600,000** |
$120.00
|
1,250
|
2,083
|
2,283-2,383
|
|
|
|
|
|
$155.00
|
968
|
1,613
|
1,813-1,913
|
|
|
|
|
|
$200.00 |
750 |
1,250 |
1,550-1,450 |
2,150-2,250 |
2,750-2,850 |
3,350-3,450 |
3,950-4,050 |
|
$300.00 |
500 |
833 |
1,033-1,133 |
1,433-1,533 |
2,033-2,133 |
2,633-2,733 |
3,233-3,333 |
3,833-4,133
|
$350.00
|
429
|
714
|
914-1,014
|
1,257-1,357
|
1,857-1,957
|
2,457-2,557
|
3,057-3,157
|
3,657-3,757
|
$400.00
|
375
|
625
|
825-925
|
1,125-1,225
|
1,725-1,825
|
2,325-2,425
|
2,925-3,025
|
3,225-3,625
|
*Non-Revenue producing work
includes: mentoring and supervision, being mentored, marketing,
training, being trained, department and firm administration, 25
hours per year of pro bono work, bar association participation,
non-billable client networking and intra-firm meetings and events.
The ratio of each varies according to one's interests, responsibilities
and seniority.
**Exclusive of associate leverage; assumes that partner's
client origination "credits" and "deductions" are a wash. |
|
