KPI - Ratio of Average Billed to Average Standard Rate

This is the ratio of the average billed hourly rate for a Timekeeper level (i.e., Partner, Associate) to the average standard hourly rate for the same Timekeeper Level.  The average billed rate is determined by dividing fees billed by the hours billed (original value).  The average standard hourly rate is determined by dividing the original dollars billed by the original hours billed.  The Ratio of Average Billed to Average Standard Rate is used to determine the likely impact of potential rate increases, as an early warning sign of quality issues and to see if there is an issue at the billing stage.