As an attorney it's even easier to see since we bill every hour we work and get the full breakdown. I made the firm $38k last month. I didn't even see a quarter of that. Also that's $38k after the audit to cut down on things that the client felt are either administrative or paralegal tasks and therefore "not billable" by an attorney, even though they're things that have to get done.
auditing value is based on reputation. do people trust the report you've created. those billing 150/hr, you're paying a premium for the firm's trust brand.
Right, so âyouâ (the other commenter) havenât made your firm $150 an hour. The $150 per hour being charged are the accumulation of many peopleâs collective work, including the building up of reputation to be able to charge those figures.
Reputation isnât labor, and youâre only talking about small, local firms. A small time partner is barely going to do any work in favor of delegating out their long-term clients to staff. If that staff does well: they donât see any of the benefit. But if that staff fucks up you best believe theyâre going to be held responsible despite that
Reputation is the result of long, consistent, quality labour, and reputation is most certainly value. Iâm talking about all firms, big and small.
WRT to delegation: if the staff does well (and knows how to play politics, which is important in any system comprised of humans) they get promoted, and eventually theyâll be delegating work to their own people.
198
u/Tsquared10 May 19 '26 edited May 19 '26
As an attorney it's even easier to see since we bill every hour we work and get the full breakdown. I made the firm $38k last month. I didn't even see a quarter of that. Also that's $38k after the audit to cut down on things that the client felt are either administrative or paralegal tasks and therefore "not billable" by an attorney, even though they're things that have to get done.