Jurisdiction(s):
United Kingdom

Law firm metrics calculator: data requirements and formulas for FTE fee earners, chargeable hours, average hourly rate and realisation rate

Published by a LexisNexis Practice Management expert

Precedents

Raw data required

Total number of full-time fee earners – [ Insert number ]
Total number of part-time fee earners – [ Insert number ]
Total number of days per week worked by part-time fee earners – [ Insert number ]
Total chargeable hours – [ Insert number ]
Hourly rates being charged – £[ Insert figures ]
Value of WIP billed – £[ Insert figure ]
Billings – £[ Insert figure ]

Calculating the variables

Please click for an Excel version of this variable calculation sheet and an illustrative worked example.

Number of fee earners as FTEs — Formula: Full-time fee earners plus pro rata part-time fee earners; Calculation: [ Insert details ]; Result: [ Insert result ]
Average annual chargeable hours per fee earner — Formula: Firm’s total chargeable hours ÷ number of fee earners; Calculation: [ Insert details ]; Result: [ Insert result ]
Average hourly rate — Formula: Total of hourly rates charged ÷ number of distinct rates; Calculation: [ Insert details ]; Result: [ Insert result ]
Average realisation rate — Formula: (Actual billing ÷ value of WIP billed) × 100; Calculation: [ Insert details ]; Result: [ Insert result ]

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Web page updated on 22/05/2026

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