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lateraling as a partner. how much should i ask
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Date: August 14th, 2018 11:31 PM Author: flickering stead quadroon ~3-5M / yr "book"
partially contingent fee (in addition to above).
Could be much higher, could flounder at ~2M/yr.
how much should i ask for? guarantee? |
Date: August 14th, 2018 11:32 PM Author: Hyperventilating Marketing Idea Rigor 0x4dd44Ecc1fA419ED796aa2832260a932F772a395 (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618642) |
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Date: August 14th, 2018 11:34 PM Author: flickering stead quadroon I only have $47 in my bank account. i am underpaid income partner looking to cash in. if i maek it ill throw u an eth. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618651) |
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Date: August 14th, 2018 11:36 PM Author: Boyish unhinged university travel guidebook 1-1.5 mil. Actually realistically probably 500-600k (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618665) |
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Date: August 14th, 2018 11:37 PM Author: flickering stead quadroon making <500 all in now. lateral is CR move right? my bus dev killed it the past 2 years. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618671) |
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Date: August 14th, 2018 11:38 PM Author: claret ticket booth at my firm you'd prob get ~1 mill guaranteed for a couple years, no equity unless business materializes (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618679) |
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Date: August 14th, 2018 11:39 PM Author: flickering stead quadroon lol. where do i sign up. business will materialize. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36618682) |
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Date: August 16th, 2018 12:44 AM Author: flickering stead quadroon Fuck senior partner brought up moving today and suggested the place that is courting me. Ftge (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36624962) |
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Date: August 16th, 2018 5:20 AM Author: Boyish unhinged university travel guidebook Fucking boomers (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625405) |
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Date: August 16th, 2018 12:46 AM Author: flatulent cruise ship Ask for the return of your wasted years (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36624974) |
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Date: August 16th, 2018 12:46 AM Author: Lavender nubile brunch 800k-1m.
top bracket for senior associates now is around 465k all in, you should get well above that as you have a book of business. |
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Date: August 16th, 2018 12:50 AM Author: Big Spruce Kitty Cat Corner Start your own firm pussy. Pay some associate $150K, cop a modest office to rent and bank $3MM (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36624995) |
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Date: August 16th, 2018 12:52 AM Author: Stimulating Senate Son Of Senegal (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625000) |
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Date: August 16th, 2018 12:53 AM Author: flickering stead quadroon Can not get the clients to buy into my own firm. Need an air of legitimacy (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625007) |
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Date: August 16th, 2018 12:54 AM Author: Stimulating Senate Son Of Senegal you need confidence (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625009) |
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Date: August 16th, 2018 12:56 AM Author: flickering stead quadroon It’s not about confidence. I do plaintiff side work and going to a smaller or no name firm would crush the perception that I have a big team and will fight to the death (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625014) |
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Date: August 16th, 2018 12:58 AM Author: Stimulating Senate Son Of Senegal not if you start it yourself. it'd give the perception that you're legit & confident enough to maek it on your own.
also, the "big team" thing is flame. you should know this already. "big teams" mean "big dollars" because you're billing non-attorneys at ridiculous rates to get coffee and print documents. at least as a solo, you can look someone dead in the eyes and tell them it means that they will be talking to you directly & won't be dealing with secretaries and whatnot. unless the book of business you have is mostly boomers, they'd instantly realize this means the same quality of work for less money. |
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Date: August 16th, 2018 12:59 AM Author: flickering stead quadroon The guy who had my job before me tried that. He is making 100k/yr. he is super confident (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625024) |
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Date: August 16th, 2018 1:02 AM Author: Stimulating Senate Son Of Senegal is he happier? also, see my edit. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625028) |
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Date: August 16th, 2018 1:06 AM Author: flickering stead quadroon I have been billing 3k hours/ year and that is with a team of 10 attorneys working for me. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625047) |
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Date: August 16th, 2018 1:09 AM Author: Swashbuckling Scourge Upon The Earth Psychic How much are you making per year now with this book? (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625059) |
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Date: August 16th, 2018 1:10 AM Author: flickering stead quadroon 340 base. 150 bonus last year but the firm is in the shitter overall and don’t know what I will get this year. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625066) |
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Date: August 16th, 2018 1:11 AM Author: Swashbuckling Scourge Upon The Earth Psychic Well fuk, go anywhere else, you are getting fuked. The 70 and 35 place sound great if your book is real and truly portable. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625076) |
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Date: August 16th, 2018 1:13 AM Author: flickering stead quadroon Base salary there is like 250. I have a rule about never going down. And pie in the sky is not worth 100k guaranteed. At least not to me
Also with my current job boomer partner claims everything I do. He’s probably making 2.5M |
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Date: August 16th, 2018 1:14 AM Author: Swashbuckling Scourge Upon The Earth Psychic If this is the way you are thinking, your book isn’t real or portable and you know it. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625087) |
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Date: August 16th, 2018 1:16 AM Author: flickering stead quadroon The opportunity in question here is a firm that started 8 months ago. I don’t want to have to give them 12 months to pay me and chance it going under. I’d rather start my own place. They are only slightly more legit.
But you are right I am worried the funding won’t follow me to the new place and that after I leave the boss will make a push to take the cases at a discount and cut me out. |
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Date: August 16th, 2018 1:17 AM Author: Swashbuckling Scourge Upon The Earth Psychic Ok, well if it’s real and portable you’ll have law firms lining up to pay you (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625099) |
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Date: August 16th, 2018 1:18 AM Author: flickering stead quadroon I have conflicts list a mile long (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625100) |
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Date: August 16th, 2018 1:20 AM Author: Swashbuckling Scourge Upon The Earth Psychic Lol. This is awesome flame (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625108) |
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Date: August 16th, 2018 8:42 AM Author: flickering stead quadroon I get why you might think this is flame. But I am a plaintiff lawyer. I have 5 clients who have signed up with me, some of whom have repeat business, and the defendants across all the cases include virtually every big name company you can imagine, and a bunch of smaller names as well. There are almost no firms in the amlaw 100 that would either (1) want to take on the work due to current conflicts with these big name companies, and (2) would want to preclude themselves from ever taking work from these big name companies.
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Date: August 16th, 2018 1:10 AM Author: Stimulating Senate Son Of Senegal fuck boomers (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625064) |
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Date: August 16th, 2018 1:10 AM Author: flickering stead quadroon ? I’m 35 (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625068) |
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Date: August 16th, 2018 12:57 AM Author: Blathering House-broken Electric Furnace Candlestick Maker (fat faggot frog looking TTT grad whose TTT cokehead gf takes 5 dicks a week) (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625016) |
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Date: August 16th, 2018 5:26 AM Author: Exciting topaz principal's office (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625406) |
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Date: August 16th, 2018 12:55 AM Author: Big Spruce Kitty Cat Corner How do you know? (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625011) |
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Date: August 16th, 2018 12:58 AM Author: flickering stead quadroon I have discussed this ad nauseum with my clients. Have also talked about doing this with the head partner of the practice group. He is scared to do it too for sake reason. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625021) |
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Date: August 16th, 2018 1:03 AM Author: Stimulating Senate Son Of Senegal sounds like an opportunity to go into business with him as a partnership. now there's no problem. (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625036) |
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Date: August 16th, 2018 12:59 AM Author: Swashbuckling Scourge Upon The Earth Psychic Come to my firm. We’ll let you keep 45% of what you bill and 25% of what you originate regardless of whether you do the work (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625022) |
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Date: August 16th, 2018 1:01 AM Author: flickering stead quadroon I have been offered 70 and 35
I want a 2 year guarantee in the high 6 low 7 figure range. My job now is speculative “we’ll pay you if it all works out” bullshit. I want the money now |
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Date: August 16th, 2018 1:05 AM Author: Swashbuckling Scourge Upon The Earth Psychic Good luck with that (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625042) |
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Date: August 16th, 2018 12:59 PM Author: Brindle box office is 70 / 35 gross or net overhead? (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36626798) |
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Date: August 16th, 2018 12:56 AM Author: Blathering House-broken Electric Furnace Candlestick Maker (fat faggot frog looking TTT grad grinding out $7K/month w ttt criminal defense work) (http://www.autoadmit.com/thread.php?thread_id=4052271&forum_id=2#36625013) |
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Date: August 16th, 2018 5:27 AM Author: Exciting topaz principal's office You're doing plaintiffs work and think there is a difference in legitimacy between your own firm and some other plaintiffs firm What |
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Date: August 16th, 2018 8:38 AM Author: flickering stead quadroon I am not currently at a "plaintiffs firm" i am at an amlaw 200 firm. In my plaintiff field, the defendants will not settle if they think they can outspend the defendant. Also, when you are seeking hundreds of millions in damages, its tough to maintain credibility as a solo.
just the nature of the game. |
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Date: August 16th, 2018 8:57 AM Author: Exciting topaz principal's office $1 mil guaranteed for 3 years with locked in share upside/earn-in for business origination milestones. FWIW i went through a similar exercise when I was evaluating alternatives as a 6th year transactional associate representing a $750k book and got interest in the above structure as income partner at a fringe v100 with bonuses instead of shares starting at $600k, so I think you're in good shape. Never got to the point of the firm diligencing my purported book - some was originated, some were minor clients of rainmakers that I entirely managed - but I think they will want you to commit to a service partner role helping institutional clients of the firm to provide them some downside help if your originations don't deliver. |
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Date: August 16th, 2018 1:07 PM Author: Misunderstood very tactful toaster filthpig 1. How confident are you that your book goes with you?
2. Ask for your name on the side of the building. |