Learn how to overcome billable hour shortages at small firms in Harrison's Q&A clip.
Discover strategies to maximize billable hours despite limitations with small clients.
Understand the significance of firm size in relation to billing capacity.
Explore the advantages of working at a large firm for gaining experience and expertise.
Gain insights into the importance of speed and efficiency when dealing with small clients.
Find out why small firms prioritize diving deep into legal matters.
Transcript
Transcript:
Then you do the best you can to make more hours. If you're at a small firm, the clients probably will only pay for a bit of work, so you cannot bill a lot of hours to clients at small firms. You can do that with huge clients; the more significant the firm, the more hours you can bill. You can only bill a few hours to clients at a small firm.
If anything, you're more valid if you don't. I'll show this to people; this is Harrison's law firm tier. I'll just show you this real quickly. Harrison's got 1, 2, 3, 4, 5. So one means they cannot afford big bills like that; you're talking about individuals. Two means they have a little more money to spend, but only a little. Three means yes, they can afford bills but not too big. Then four means you can start sending bigger bills. These are your AM law 100 law firms and two hundred. And five mean nobody cares for the most part. Like they just want the best possible freaking work they can afford.
Here, you might build two-plus hours on a matter. These clients are very cost sensitive, so this is why you want to go to work. If you want to get excellent experience, you want to work at a giant firm because you can dive deep into these matters, making you a better attorney; you spot more issues. Here, you have to just rush through stuff. You can't do anything.
You have to rush through the work because the client won't pay. They don't have the money here. It would help if you went pretty fast too, but as you get up, that's all. So you can only bill small clients a little money? No. Would you pay if you were a small client or small business? That's what small firms are.
The reason they got a big firm. So you can dive deep into stuff.
