Should I go to PI firm?
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Poast new message in this thread
Date: December 8th, 2025 1:38 PM Author: excitant rough-skinned corner voyeur
Currently insurance defense attorney with book of around $1.2m per year. Making 250k-300k annually. It basically sucks, as you can imagine. Constant marketing and conference trips along with billing time sucks. My book is somewhat dependent on how many associates I can hire, so we’re constantly hiring new people, but older ones leave so it’s a net neutral for us annually. Founding partners book is around $4m and he basically does whatever he wants and is making around 700-900k a year. I’m not sure I have the energy required to oversee a book that big on a defense basis. I’ve already got 250 open matters and it’s getting hard to keep up with that. Founding partner says he’s retiring in 5 years, but I think he’s going to run this place his way until he dies.
Pi firm with some guys I know offered me a job where I could take the one pl case I currently have, which will give me a 150k fee, keep the entire fee, and they’d pay me a salary of 100k for the first year to build up my caseload with them through cases they’ve got. After that, I’d be on a % of cases they handle. They’ve got around 350 cases themselves.
Thoughts?
TLDR- pl firm pay package is about the same as I’m making and Id work a lot less but I’d be lighting my client base on fire with hope of making more after year 1 w pl firm, but no guarantee as is.
(http://www.autoadmit.com/thread.php?thread_id=5807926&forum_id=2id.#49494023) |
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Date: December 9th, 2025 9:33 AM Author: beady-eyed coral institution newt
every time I talk to ID guys they say shit like this
meanwhile I have 12 maybe 20 - depends on what you mean by "active" but still
(http://www.autoadmit.com/thread.php?thread_id=5807926&forum_id=2id.#49496121)
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Date: January 8th, 2026 9:34 PM Author: Wonderful market
"Being a wild-eyed lunatical true believer who fails to see any flaws in your own case theories is a HUGE ASSET, not flame;"
This is true. You need to scrutinize a case on the FRONT END, because once you've committed to signing the client up, then you've stuck your dick all the in and can't pull out.
You have to be a true believer because nobody is going to give you any money unless you BUILD THE CASE from the ground up and show them the risk of liability.
(http://www.autoadmit.com/thread.php?thread_id=5807926&forum_id=2id.#49574159) |
Date: January 8th, 2026 9:31 PM Author: excitant rough-skinned corner voyeur
Update: founding partner sniffed out that I www thinking of leaving and confronted me after 2026 partner pay formula was calculated and I went down. If we distribute the same amount as last year, I make 30k less, and I supposed he knew I’d be pissed.
Spent like 2 hours yesterday trying to talk me out of it then brought in my buddy who is also a shareholder (and who presumably would run the firm with me in a few years) to also try and talk me out of it.
Same story today. Promised me that if I only made 270k this year he’d personally pay me 100k out of his pocket to keep me, which I thought was pretty cool of him. Final decision still in air
(http://www.autoadmit.com/thread.php?thread_id=5807926&forum_id=2id.#49574152) |
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