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Micha Smith is a young attorney who has decided to leave her current employer and set up her own law practice. She has prepared the
Micha Smith is a young attorney who has decided to leave her current employer and set up her own law practice. She has prepared the following monthly cost estimates: Salary of legal secretary $3,000 Office rent and utilities 1,200 Other costs 1,500 Total cost $5,700 Micha would like to earn $3,300 month and feels that she will be able to bill 150 hours of her time per month to clients. Required: a) Assuming that Micha is correct is her estimates, what fee per hours should Micha charge her clients? b) At the calculated in (a), what would Micha earn in a month in which her time charged to clients was only 100 hours? Assume that all costs are fixed
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