Consulting doesn't really use the "billable hours" model, not to the client. The client is billed a fixed fee. Hours are accounted for internally, with each per

Consulting doesn't really use the "billable hours" model, not to the client. The client is billed a fixed fee. Hours are accounted for internally, with each person in the consulting firm trying to bill their hours "to the project" -- a case team leader might need to bill $6,000 a day for example, a senior partner $15,000, a junior person $3,000. The juniors don't really have to worry about this, everyone knows they're full-time and powerless to do anything else, so they bill all their hours to the project. The senior partners are in charge and bill however many hours they want to their projects. Usually whatever cash is left over is not enough for the mid-tier people, so they politick and fight over the scraps to show high utilization and survive to bill another day.