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.
Paralegals and Billable Hours Requirements. The financial well-being of a law firm depends to a great extent on how many billable hours are generated by the firm's employees. Non-billable time ultimately cuts into the firm's profits. Therefore, the more billable hours a paralegal generates, the better the chances to negotiate a higher salary.