Full Definition of SPILLAGE. 1. : the act or process of spilling. 2. : the quantity that spills: material lost or scattered by spilling.See spillage defined for English-language learners. See spillage defined for kids. ADVERTISEMENT.ull Definition of SPILLAGE. 1. : the act or process of spilling. 2. : the quantity that spills: material lost or scattered by spilling. See spillage defined for English-language learners. See spillage defined for kids. ADVERTISEMENT.
The billable-hour system is the way most lawyers in big firms charge clients, but it serves no one. Well, almost no one. It brings most equity partners in those firms great wealth. Law firm leaders call it a leveraged pyramid.
(Total non work time) 30 days. Total days available for work 230 days. Next you have to determine your actual billable time. In most settings, the actual billable time will average 6 hours out of every 8, due to cancellations, no shows, or other problems. So: Available time = 230 days =1840 hrs/yr. Billable time/day = 6/8 =1380 hrs/yr.