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.
So, even if your boss does not require you to keep track of your billable hours, or bill those hours to clients, you may want to track them anyway, just to make sure he or she knows how much money you make for the firm. How to Calculate Billable Hours. Most firms keep track of time in tenths of an hour, or six (6) minute increments. So for each six (6) minutes of time you spend working on a clientâs case, the client is charged. Time is recorded as .1 (1/10th of an hour), .2 (1/10th of an hour), .3 (3/10th of an hour), etc, with 1.00 representing one (1) hour.