Question

Lawyers R Us operates in the local neighbourhood and has six solicitors who work on client briefs. For the coming year, each solicitor is budgeted to work 1600 billable hours. The main areas of law work that Lawyers R Us specialises in are conveyancing, litigation, and family law. The breakdown of the billable hours per area of law is as follows:

		Percentage of billable hours per area of law
Solicitors	Charge out rate to clients	Conveyancing		Litigation		Family law
B. Byron	$600 per hour	50%		50%
W. Smith	$1000 per hour			100%
Y. Dixon	$500 per hour	100%
C. Yang	$900 per hour			75%		25%
W. Wong	$1100 per hour					100%
P. Pham	$1000 per hour			100%

Required

Prepare a sales or fees budget for the coming year based on the information provided above.

Answer 1