Financial Contributions and a Career in Law
There is a view that lawyers become more productive as they mature. Let’s examine, primarily from readily available statistics, the productivity of a career as a practitioner in a private law firm.
Billable Hours As a Measure of Productivity
One measure of productivity is the number of billable hours a practitioner records each year. Unfortunately, the national median billable hours for lawyers peaks in the third and sixth full years of practice at just over 1,900. From that early point, billable hours begin a long and gentle tumble to just under 1,300 some 42 years of experience later.
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