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.
Top 10 unbelievable historical concurrencies. Nearly all law firms make their money by billing their clients by the hour. These are known as billable hours. The more hours billed, the more money the firm will make. If lawyers do not bill enough hours each year, they will not make enough money to cover their salaries. The firm's billable hours also cover overheads and partners' profit share.
To figure out billable hours, let's consider how many total hours you work in a week. If you consider that there are 40 hours in a typical work week, and there are 50 working weeks a year, then you work a total of 2,000 hours a year. If you work 10 hours a day, thatâs 50 hours a week, and 2,500 hours a year.