Charge-out rate: Difference between revisions

Charge-out rate (view source)

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 You can plot it through time on a graph, as a straight line rising at more or less the steepest possible gradient at which an independent observer’s eyes will not start involuntarily to water. This rising line will continue inevitably, inexorably and without variation, regardless of market condition, geopolitical angst, or the softness of the labour or investment market, until the very [[end of days]].
-You see the line of the [[charge-out rate]] in its natural environment in two places: a ''malign'' version, in the financial performance of someone who is up to no good: a [[Madoff|Ponzi scheme]], for example, or an insider trader — and here the [[Apocalypse]] may happen at any time, and will be personal to those at whose expense the scheme is being perpetrated; and a ''benign'' version — benign, at least, as far as our [[Private practice lawyer|learned friends]] are concerned — that describes the growth and development of [[charge-out rate]]s and, more generally, of ''revenue'' through time in a [[magic circle law firm]]. Here the [[Apocalypse]] really means the ultimate limit of [[space-time]] however that might happen to be described (if at all) under prevailing cosmological theory, for the inevitability in the growth of [[magic circle]] revenues and [[charge-out rate]]s is one of the most persistent and predictable phenomena in the known universe.
+You see the line of the [[charge-out rate]] in its natural environment in two places:
-Every other indicator will have its ups and downs: dotcoms will boom, unicorns will bust, credit bubbles will burst, hedge-funds implode — but the hourly rate of the equity partner of a global lawfirm will constantly, happily, and irresistibly rise. It is a wonder why no-one is trying to harness it as an exhaustible source of clean, renewable energy. A bit too much hot-air and methane, I suppose.
+A ''malign'' version, in the financial performance of someone who is up to no good: a [[Madoff|Ponzi scheme]], for example, or an insider trader — and here the [[Apocalypse]] may happen at any time, and will be personal to those at whose expense the scheme is being perpetrated; and
+A ''benign'' version — benign, at least, as far as our [[Private practice lawyer|learned friends]] are concerned — that describes the growth and development of [[charge-out rate]]s and, more generally, of ''revenue'' through time in a [[magic circle law firm]].
+Here the “[[Apocalypse]]” really means the ultimate limit of [[space-time]] however that might happen to be described (if at all) under prevailing cosmological theory, for the inevitability in the growth of [[Magic circle law firm|magic circle]] revenues and [[charge-out rate]]s is one of the most persistent and predictable phenomena in the known universe.
+Every other indicator will have its ups and downs: dotcoms will boom, unicorns will bust, credit bubbles will burst, hedge-funds implode — but the hourly rate of the equity partner of a global law firm will constantly, happily, and irresistibly rise. It is a wonder why no-one is trying to harness it as an exhaustible source of clean, renewable energy.
+A bit too much hot-air and methane, I suppose.
 {{sa}}