Days to Billing for New Hires in Professional Service Firms
Boutique pro serv firms are constantly hiring, whether due to growth or attrition. A new hire on the bench eats into profits. A new employee billed out adds to profits. Therefore, getting new hires billed quickly impacts the P&L significantly.
Small firms (0-25 employees) get new hires billed out ~2x faster than larger firms (100+ employees).