(d) The managing partner of HLP stated at a recent partners’ meeting that ‘every advisor should aim to ensure that95% of all hours he/she works are billed to clients. This will ensure that we remain both profitable andcompetitive’.Required:Discuss the statement of the managing partner, drawing attention to any concerns that you may haveregarding the statement. (6 marks)
(d) The managing partner of HLP stated at a recent partners’ meeting that ‘every advisor should aim to ensure that
95% of all hours he/she works are billed to clients. This will ensure that we remain both profitable and
competitive’.
Required:
Discuss the statement of the managing partner, drawing attention to any concerns that you may have
regarding the statement. (6 marks)
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