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Brothers, just brought in some litigation to the firm. About $900k in billables.

Am psyched. Not a litigator, so literally won't lift a fing...
big friendly grandma roommate
  03/23/17
congrats. what's the origination split between you and litm...
useless stirring cruise ship reading party
  03/23/17
Its a client that I do transactional work for, but not litig...
big friendly grandma roommate
  03/23/17
you are being overly generous then. If it were a new clie...
useless stirring cruise ship reading party
  03/23/17
I probably am being a little too generous, but that's what w...
big friendly grandma roommate
  03/23/17
"but after splitting origination with the litigator who...
Irradiated point
  03/23/17
Probably wouldn't have gotten it if I hadn't sold the lit pa...
big friendly grandma roommate
  03/23/17
the problem is that your greedy cunt partner would demand 50...
useless stirring cruise ship reading party
  03/23/17
yeah, we used to be at 66/33....but he is really good at clo...
big friendly grandma roommate
  03/23/17
i think you did the right thing
jade coldplay fan
  03/23/17
180
maroon stead
  03/23/17
should pocket that $900K and file an offer of judgment to se...
brilliant orchestra pit tattoo
  03/23/17
don't know what that means, but the damages are $20mm+
big friendly grandma roommate
  03/23/17
Tons of experts? Your client is getting hosed.
Lavender Razzle Useless Brakes Faggotry
  03/23/17
a good number of them.
big friendly grandma roommate
  03/23/17
Okay then. I hate $5-25 million dollar matters. They cost ...
Lavender Razzle Useless Brakes Faggotry
  03/23/17
unngh
hairraiser spot boistinker
  03/23/17
Does the litigator bring you tranny business? 11.1% of overa...
Big-titted talented library
  03/23/17
Not really, but I don't really need that much more business....
big friendly grandma roommate
  03/23/17
Sorry for the bump but just psyched about this. Hoping it w...
big friendly grandma roommate
  03/23/17
...
Jet arousing pisswyrm rehab
  03/23/17
How did you "bring" it to the firm? Tranny client?...
snowy infuriating plaza
  03/23/17
tranny client. Came from my old firm, but been at current f...
big friendly grandma roommate
  03/23/17
Is this equity-in-cases policy just a handshake arrangement ...
snowy infuriating plaza
  03/23/17
formalized. There is a file sheet that shows the split of t...
big friendly grandma roommate
  03/23/17
Fuck don't know why I assumed you were an associate. Wtf are...
snowy infuriating plaza
  03/23/17
Not every day I bring in $900k of legal work on one day. I ...
big friendly grandma roommate
  03/23/17
180
harsh son of senegal toaster
  03/23/17
Nice
At-the-ready Base Immigrant
  03/23/17
Congrats
Ebony diverse gas station telephone
  03/23/17
Ljl start your own firm faggot. Lol at giving 90% to some ki...
spectacular school cafeteria organic girlfriend
  03/23/17
(NEET)
Lavender Razzle Useless Brakes Faggotry
  03/23/17
and just freestyle a litigation matter with $20mm in damages...
big friendly grandma roommate
  03/23/17
How big is your firm? How will compensation committee handle...
mustard crusty pozpig
  03/23/17
mid size I get 50% of the origination component, which is...
big friendly grandma roommate
  03/23/17
Uuunnngghghgh. Congrats brother!
mustard crusty pozpig
  03/23/17
thanks
big friendly grandma roommate
  03/23/17
Lol at that margin. What a fraud our profession is.
Lavender Razzle Useless Brakes Faggotry
  03/23/17
good or bad?
big friendly grandma roommate
  03/23/17


Poast new message in this thread



Reply Favorite

Date: March 23rd, 2017 2:07 PM
Author: big friendly grandma roommate

Am psyched. Not a litigator, so literally won't lift a finger, but after splitting origination with the litigator who will manage, will make an extra $100k in 2017.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898449)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: useless stirring cruise ship reading party

congrats. what's the origination split between you and litmo? Is this the only work done for the client?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898459)



Reply Favorite

Date: March 23rd, 2017 2:09 PM
Author: big friendly grandma roommate

Its a client that I do transactional work for, but not litigation (until now). I'm splitting 50/50.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898473)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: useless stirring cruise ship reading party

you are being overly generous then.

If it were a new client contact of yours where the only thing so far is this lit deal and you need the litigator to bring the client in, then 50/50 is appropriate.

If this is your ongoing client with a matter unrelated to your practice area, you should not have to split origination but the generous thing to do is throw 25% to the litigator.

Without being too greedy you want to keep enough control over origination so that when the client asks the litigator for tax advice, the litigator does not receive any origination for that and you control the split with the tax lawyer (if any).

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898509)



Reply Favorite

Date: March 23rd, 2017 2:16 PM
Author: big friendly grandma roommate

I probably am being a little too generous, but that's what we agreed to on a previous split. And the lit guy did help bring in the client for lit (I certainly couldn't sell us myself given how little I know about lit).

I would never share origination for anything other than lit.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898540)



Reply Favorite

Date: March 23rd, 2017 2:11 PM
Author: Irradiated point

"but after splitting origination with the litigator who will manage"

Should have tapped dat senior associate to handle it.

Could have had $200k.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898483)



Reply Favorite

Date: March 23rd, 2017 2:12 PM
Author: big friendly grandma roommate

Probably wouldn't have gotten it if I hadn't sold the lit partner. I'd rather give the split and not worry about it anymore.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898495)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: useless stirring cruise ship reading party

the problem is that your greedy cunt partner would demand 50/50 to service a firm's client.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898518)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: big friendly grandma roommate

yeah, we used to be at 66/33....but he is really good at closing the deal with the client once I make the intro, and is a great lawyer, so I am nice.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898554)



Reply Favorite

Date: March 23rd, 2017 7:05 PM
Author: jade coldplay fan

i think you did the right thing

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901023)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: maroon stead

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898456)



Reply Favorite

Date: March 23rd, 2017 2:17 PM
Author: brilliant orchestra pit tattoo

should pocket that $900K and file an offer of judgment to settle.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898550)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: big friendly grandma roommate

don't know what that means, but the damages are $20mm+

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898559)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: Lavender Razzle Useless Brakes Faggotry

Tons of experts? Your client is getting hosed.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901152)



Reply Favorite

Date: March 23rd, 2017 7:31 PM
Author: big friendly grandma roommate

a good number of them.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901237)



Reply Favorite

Date: March 23rd, 2017 7:33 PM
Author: Lavender Razzle Useless Brakes Faggotry

Okay then. I hate $5-25 million dollar matters. They cost the same as $100 million.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901273)



Reply Favorite

Date: March 23rd, 2017 2:19 PM
Author: hairraiser spot boistinker

unngh

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898571)



Reply Favorite

Date: March 23rd, 2017 2:20 PM
Author: Big-titted talented library

Does the litigator bring you tranny business? 11.1% of overall billables sounds like a fucking ripoff.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898581)



Reply Favorite

Date: March 23rd, 2017 2:22 PM
Author: big friendly grandma roommate

Not really, but I don't really need that much more business.

Yes, I agree....people complain in the my firm about how lit mo's ride trannies, but they are all really good lawyers, so somehow we put up with it.

Best you can hope for is 23-24% in my firm, so not working with much.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898600)



Reply Favorite

Date: March 23rd, 2017 6:41 PM
Author: big friendly grandma roommate

Sorry for the bump but just psyched about this. Hoping it will be even more than $900k (assuming we win)....and they do a great job that leads to more work....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900809)



Reply Favorite

Date: March 23rd, 2017 8:08 PM
Author: Jet arousing pisswyrm rehab



(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901566)



Reply Favorite

Date: March 23rd, 2017 6:54 PM
Author: snowy infuriating plaza

How did you "bring" it to the firm? Tranny client? Did u meet the client at your current or a former firm (if you have a former firm)?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900907)



Reply Favorite

Date: March 23rd, 2017 6:55 PM
Author: big friendly grandma roommate

tranny client. Came from my old firm, but been at current firm for 4+ years and they have been with me.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900921)



Reply Favorite

Date: March 23rd, 2017 7:01 PM
Author: snowy infuriating plaza

Is this equity-in-cases policy just a handshake arrangement or formalized

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900987)



Reply Favorite

Date: March 23rd, 2017 7:12 PM
Author: big friendly grandma roommate

formalized. There is a file sheet that shows the split of the origination credit for when the accounting manager calculates PPP splits.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901079)



Reply Favorite

Date: March 23rd, 2017 7:14 PM
Author: snowy infuriating plaza

Fuck don't know why I assumed you were an associate. Wtf are bragging about if ur a partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901098)



Reply Favorite

Date: March 23rd, 2017 7:30 PM
Author: big friendly grandma roommate

Not every day I bring in $900k of legal work on one day. I am happy if I bring that much in in one year.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901234)



Reply Favorite

Date: March 23rd, 2017 7:02 PM
Author: harsh son of senegal toaster

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900998)



Reply Favorite

Date: March 23rd, 2017 7:04 PM
Author: At-the-ready Base Immigrant

Nice

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901016)



Reply Favorite

Date: March 23rd, 2017 7:06 PM
Author: Ebony diverse gas station telephone

Congrats

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901035)



Reply Favorite

Date: March 23rd, 2017 7:18 PM
Author: spectacular school cafeteria organic girlfriend

Ljl start your own firm faggot. Lol at giving 90% to some kike partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901121)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: Lavender Razzle Useless Brakes Faggotry

(NEET)

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901158)



Reply Favorite

Date: March 23rd, 2017 7:32 PM
Author: big friendly grandma roommate

and just freestyle a litigation matter with $20mm in damages at stake on my own with no litigation skills? TBF, I own some of the firm, just not the whole thing....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901251)



Reply Favorite

Date: March 23rd, 2017 8:17 PM
Author: mustard crusty pozpig

How big is your firm? How will compensation committee handle? What is general split between billables worked and billables originated ?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901661)



Reply Favorite

Date: March 23rd, 2017 8:19 PM
Author: big friendly grandma roommate

mid size

I get 50% of the origination component, which is about about 24% of revenue (so about 12%)

about 46% of revenue goes to the equity partners doing the work

about 30% of revenue goes to overhead

No compensation committee. Its all just percentages.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901681)



Reply Favorite

Date: March 23rd, 2017 8:22 PM
Author: mustard crusty pozpig

Uuunnngghghgh. Congrats brother!

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901710)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: big friendly grandma roommate

thanks

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901774)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: Lavender Razzle Useless Brakes Faggotry

Lol at that margin. What a fraud our profession is.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901773)



Reply Favorite

Date: March 23rd, 2017 8:32 PM
Author: big friendly grandma roommate

good or bad?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901785)