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.
Billable hours are those hours billed to clients, and inevitably bringing money into the firm. Non-billable hours, on the other hand, are those hours worked for firm-related duties. On average, a partnerâs hourly billing rate was $584. The lowest hourly rate was reported at $115, while the highest was $1,265 per hour.