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.
While not particularly liked by most paralegals, billing and compiling billable-hours records remains a mandatory evil. 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.