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.
The picture at smaller firms is more mixed, with changes in billable hours not always tracking with changes in total hours worked. Overall, average hours worked were 2,044 per year in 2010, compared with 2,025 per year at these same offices in 2009. Overall averages for billable hours per year were 1,799 and 1,772, respectively. The largest firms saw average hours worked increase from 2,134 to 2,208 per year, and billable hours increase from 1,753 per year to 1,859 per year.