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Solo, 3 weeks in, taking questions

Docket: 11 cases, vast majority contingency, largely referra...
Orchid hunting ground
  06/22/18
gj
Chestnut Bawdyhouse Affirmative Action
  06/22/18
all PI? pre-solo background?
Orange Vivacious Senate
  06/22/18
PI, biz disputes formerly biglaw
Orchid hunting ground
  06/22/18
biglaw lit? how long?
Orange Vivacious Senate
  06/22/18
pseudo biglaw, maybe midlaw... 6 years
Orchid hunting ground
  06/22/18
but lit? that's more the point i was asking about
Orange Vivacious Senate
  06/22/18
yes. i couldnt imagine doing what im doing now without being...
Orchid hunting ground
  06/22/18
*kills self*
Orange Vivacious Senate
  06/22/18
U a tranny bro thinking of going solo?
mind-boggling field
  06/22/18
yup. have an inhouse do nothing 'dream' job of 10-5 and im ...
Orange Vivacious Senate
  06/22/18
Yeah same here. Seriously starting to think that Inhouse is ...
mind-boggling field
  06/22/18
ofs
Orange Vivacious Senate
  06/22/18
Now do a 5 year projection based on your three weeks
At-the-ready Violet Meetinghouse Toilet Seat
  06/22/18
what's your monthly burn?
odious low-t garrison
  06/22/18
<$1,000, maybe even <$500. i work from home, meet clie...
Orchid hunting ground
  06/22/18
Good work, brother. As I poasted recently, I'm looking at le...
razzmatazz disgusting brunch reading party
  06/22/18
Agree. And i literally work in shorts and a tshirt from my h...
Orchid hunting ground
  06/22/18
18000000
Crystalline Trailer Park Wagecucks
  06/22/18
...
Kink-friendly indecent half-breed station
  06/22/18
how in the fuck did you sign up $50K in cases, file them, an...
Exhilarant fat ankles temple
  06/22/18
...
mind-boggling field
  06/22/18
the 16k in revenue is for flat-fee work and earned upon rece...
Orchid hunting ground
  06/22/18
Bros, what would you do for a client with a 400k loss case b...
Orchid hunting ground
  06/22/18
...
Orchid hunting ground
  06/22/18
Summon: CSLG
supple party of the first part office
  06/22/18
thoughts?
Orchid hunting ground
  06/22/18
...
Burgundy whorehouse really tough guy
  06/27/18
i took the client. but i didnt budge and he accepted 40% con...
Orchid hunting ground
  06/27/18
...
Burgundy whorehouse really tough guy
  06/27/18
no, been too pussy to ask for one. but i'll take the risk b...
Orchid hunting ground
  06/27/18
180
Kink-friendly indecent half-breed station
  06/22/18
Good shit, dude. Welcome
Drunken range blood rage
  06/22/18
...
supple party of the first part office
  06/22/18
Referrals from other biglawyers?
jet lascivious hall generalized bond
  06/22/18
no. solo friends of mine
Orchid hunting ground
  06/22/18
180
heady crimson hell
  06/22/18
...
Orchid hunting ground
  06/22/18
...
Orchid hunting ground
  06/27/18
180
Kink-friendly indecent half-breed station
  06/27/18
180 brother
awkward stead
  06/27/18


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Reply Favorite

Date: June 22nd, 2018 1:33 PM
Author: Orchid hunting ground

Docket: 11 cases, vast majority contingency, largely referrals from people I know.

Revenue thus far: $16,250

Based on current docket, 2018 solo revenue (6 month period including earned to date) will total approximately $45,000 (i was at my other job for the first 6 months). One year projected revenue (June 2018 - June 2019) is approximately $175,000 based on my valuation of the current caseload, assuming they settle within 12 months.

Never worked this hard in my life, but incredibly happy, and I've made some nice progress in only 3 weeks. Looking forward to building on this. On the down side, I'm getting obsessed and finding it very hard to have a work/life balance. But i assume that's how it is going to be in these early days until I can establish a routine.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291195)



Reply Favorite

Date: June 22nd, 2018 1:36 PM
Author: Chestnut Bawdyhouse Affirmative Action

gj

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291227)



Reply Favorite

Date: June 22nd, 2018 1:43 PM
Author: Orange Vivacious Senate

all PI?

pre-solo background?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291272)



Reply Favorite

Date: June 22nd, 2018 2:31 PM
Author: Orchid hunting ground

PI, biz disputes

formerly biglaw

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291637)



Reply Favorite

Date: June 22nd, 2018 2:42 PM
Author: Orange Vivacious Senate

biglaw lit? how long?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291746)



Reply Favorite

Date: June 22nd, 2018 2:45 PM
Author: Orchid hunting ground

pseudo biglaw, maybe midlaw... 6 years

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291764)



Reply Favorite

Date: June 22nd, 2018 2:45 PM
Author: Orange Vivacious Senate

but lit? that's more the point i was asking about

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291768)



Reply Favorite

Date: June 22nd, 2018 2:46 PM
Author: Orchid hunting ground

yes. i couldnt imagine doing what im doing now without being completely comfortable with lit.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291775)



Reply Favorite

Date: June 22nd, 2018 2:50 PM
Author: Orange Vivacious Senate

*kills self*

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291803)



Reply Favorite

Date: June 22nd, 2018 3:14 PM
Author: mind-boggling field

U a tranny bro thinking of going solo?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291931)



Reply Favorite

Date: June 22nd, 2018 3:17 PM
Author: Orange Vivacious Senate

yup. have an inhouse do nothing 'dream' job of 10-5 and im bored as fuck and feel emasculated having to come to an office and sit in a glass cage everyday. zero lit experience though.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291947)



Reply Favorite

Date: June 22nd, 2018 3:20 PM
Author: mind-boggling field

Yeah same here. Seriously starting to think that Inhouse is better for women and gays or modern liberal “men”

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291969)



Reply Favorite

Date: June 22nd, 2018 3:23 PM
Author: Orange Vivacious Senate

ofs

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291993)



Reply Favorite

Date: June 22nd, 2018 1:44 PM
Author: At-the-ready Violet Meetinghouse Toilet Seat

Now do a 5 year projection based on your three weeks

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291280)



Reply Favorite

Date: June 22nd, 2018 2:12 PM
Author: odious low-t garrison

what's your monthly burn?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291446)



Reply Favorite

Date: June 22nd, 2018 2:30 PM
Author: Orchid hunting ground

<$1,000, maybe even <$500. i work from home, meet clients at coffee shops, etc. my E&O is probably the largest single monthly charge at $141. rest is tech/efficiency stuff like docusign, quickbooks, etc.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291632)



Reply Favorite

Date: June 22nd, 2018 2:36 PM
Author: razzmatazz disgusting brunch reading party

Good work, brother. As I poasted recently, I'm looking at leaving a low-six fig government job to join a smallish regional firm, and I'm approaching it as if I'm building my own solo shop. With a hell of a lot of hustling, I think I can get dem referrals. Might take a salary hit in the short term but long-term it seems like it would pay much more. Sounds like you're thinking the same.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291694)



Reply Favorite

Date: June 22nd, 2018 2:38 PM
Author: Orchid hunting ground

Agree. And i literally work in shorts and a tshirt from my home everyday. I go for walks whenever I please. That said, I woke up at 4:30am yesterday to get a shitload of work done for a client before the day started. Lots of work, but still 180.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291715)



Reply Favorite

Date: June 22nd, 2018 2:50 PM
Author: Crystalline Trailer Park Wagecucks

18000000

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291801)



Reply Favorite

Date: June 22nd, 2018 3:22 PM
Author: Kink-friendly indecent half-breed station



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291984)



Reply Favorite

Date: June 22nd, 2018 2:41 PM
Author: Exhilarant fat ankles temple

how in the fuck did you sign up $50K in cases, file them, and settle them in 3 wks?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291740)



Reply Favorite

Date: June 22nd, 2018 2:42 PM
Author: mind-boggling field



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291744)



Reply Favorite

Date: June 22nd, 2018 2:44 PM
Author: Orchid hunting ground

the 16k in revenue is for flat-fee work and earned upon receipt. i'm trying to keep at least 5-10k per month for hourly/flat fee work so i have a constant drip of revenue.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291760)



Reply Favorite

Date: June 22nd, 2018 2:44 PM
Author: Orchid hunting ground

Bros, what would you do for a client with a 400k loss case but which would need to be filed in state court? I offered the client 35% contingency if he pays all costs/expenses or 40% if i advance all costs/expenses and they are recovered upon any settlement. He countered and said he would only be ok with a 40% contingency fee which would INCLUDE reimbursement of my costs/expenses. I told him that's not how it works, and he needs to understand that my reimbursement of fees/costs has to be a separate deduction from the settlement amount (from the contingency). and now we're at an impasse. he's a pain in the ass to deal with, but he has a pretty good case here.

maybe i agree to rep him to the extent we can resolve the matter pre-filing. and take 40% including all costs, which would be very minimal if pre-court filing.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291759)



Reply Favorite

Date: June 22nd, 2018 2:49 PM
Author: Orchid hunting ground



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291794)



Reply Favorite

Date: June 22nd, 2018 3:23 PM
Author: supple party of the first part office

Summon: CSLG

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292000)



Reply Favorite

Date: June 22nd, 2018 7:47 PM
Author: Orchid hunting ground

thoughts?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36293545)



Reply Favorite

Date: June 27th, 2018 11:49 PM
Author: Burgundy whorehouse really tough guy



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325600)



Reply Favorite

Date: June 27th, 2018 11:49 PM
Author: Orchid hunting ground

i took the client. but i didnt budge and he accepted 40% contingency plus i get reimbursed for costs/expenses.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325607)



Reply Favorite

Date: June 27th, 2018 11:50 PM
Author: Burgundy whorehouse really tough guy



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325615)



Reply Favorite

Date: June 27th, 2018 11:51 PM
Author: Orchid hunting ground

no, been too pussy to ask for one. but i'll take the risk because he is a very sympathetic plaintiff and i think i can push this one to resolution without too much costs.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325620)



Reply Favorite

Date: June 22nd, 2018 2:46 PM
Author: Kink-friendly indecent half-breed station

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291772)



Reply Favorite

Date: June 22nd, 2018 3:20 PM
Author: Drunken range blood rage

Good shit, dude. Welcome

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291972)



Reply Favorite

Date: June 22nd, 2018 3:39 PM
Author: supple party of the first part office



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292133)



Reply Favorite

Date: June 22nd, 2018 3:42 PM
Author: jet lascivious hall generalized bond

Referrals from other biglawyers?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292159)



Reply Favorite

Date: June 22nd, 2018 3:54 PM
Author: Orchid hunting ground

no. solo friends of mine

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292265)



Reply Favorite

Date: June 22nd, 2018 3:54 PM
Author: heady crimson hell

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292263)



Reply Favorite

Date: June 22nd, 2018 7:44 PM
Author: Orchid hunting ground



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36293529)



Reply Favorite

Date: June 27th, 2018 11:42 PM
Author: Orchid hunting ground



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325567)



Reply Favorite

Date: June 27th, 2018 11:57 PM
Author: Kink-friendly indecent half-breed station

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325657)



Reply Favorite

Date: June 27th, 2018 11:48 PM
Author: awkward stead

180 brother

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325596)