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It is 3x (which will not include the waived off work), its your solid realizable billables - which in teams like B&F or M&A at the tier 1s is easily achievable.
So if my luck goes a little unfavourable, for a person of average competence, is it possible that my billables keep getting waived?
What your practice area or partner is also new so all team mates also do not have that much work