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.
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, that s 50 hours a week, and 2,500 hours a year.But how many of those working hours are billable? That s the question, and you ll have to do some figuring on your own to answer it.he hours would be only the time you spend working on the inspection itself. Assume each job takes five hours, including driving time, inspecting time, and report-writing time. And you expect to do one job per day. That s five hours per day of billable hours, 25 hours per week, and 1,250 billable hours per year.