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The attorney's at my firm call it face time, when you are there 6 am - 9 pm. You get no more done then working a normal working day, but the partners see you there...
When it comes to Billable hours, at least at my firm, we have many activities that are a set amount of time, so I get to bill .1 of an hour for doing an activity that takes me 1 minute instead of the 6 that that .1 represents. Many days I can bill over my time requirement. This is especially appreciable on activities that represent much more time that you actually spent on them, simply because you are at a point where you are on top of your game.
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