Charge-out rate: Difference between revisions

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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: 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.
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.


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