A K
Well-Known Member
Sure, they make $125,000 a year, but how many billable hours are there in that year, billed out at what average rate?
Depends on the firm. Anywhere from 1800 to 2300. The rates I am not sure of, but it'd be foolish to think associates make what they are billed for. I'd bet the billing is twice their salary. But, it's a right of passage. Make equity partner, and those billables really mean something.
You need more acreage, though, Tom. Come up to the Northeast or Northern Central, and pick up 20 or 30 acres. Just kidding, of course, but that is one of the nice things about PA. It's a property-rights state with a lot of property still reasonably priced and available. A half million, while a lot, buys you a house and/or property that would be a million and a half in those crazy west coast cities... or the Mainline.
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