Demystifying the Billable Hour: How to Right-Size Your Rates

Family-Law-Guide-to-Practice-Management-Software-235x332-1

With prices rising so much over the last year (global inflation is forecasted at 8.8% in 2022), it’s the right time to look at your current rates and see if you’re charging enough to remain profitable.

You must set rates high enough to cover your overhead expenses, the cost of living in your area, and the wages of employees who strictly work non-billable hours. But if prices are rising for you, they’re also rising for your clients.