\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

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...
red adventurous den
  03/23/17
congrats. what's the origination split between you and litm...
motley avocado school
  03/23/17
Its a client that I do transactional work for, but not litig...
red adventurous den
  03/23/17
you are being overly generous then. If it were a new clie...
motley avocado school
  03/23/17
I probably am being a little too generous, but that's what w...
red adventurous den
  03/23/17
"but after splitting origination with the litigator who...
Provocative Opaque Hunting Ground Rigor
  03/23/17
Probably wouldn't have gotten it if I hadn't sold the lit pa...
red adventurous den
  03/23/17
the problem is that your greedy cunt partner would demand 50...
motley avocado school
  03/23/17
yeah, we used to be at 66/33....but he is really good at clo...
red adventurous den
  03/23/17
i think you did the right thing
shivering toaster athletic conference
  03/23/17
180
rambunctious filthpig
  03/23/17
should pocket that $900K and file an offer of judgment to se...
slate hairraiser cuckold becky
  03/23/17
don't know what that means, but the damages are $20mm+
red adventurous den
  03/23/17
Tons of experts? Your client is getting hosed.
electric offensive parlor
  03/23/17
a good number of them.
red adventurous den
  03/23/17
Okay then. I hate $5-25 million dollar matters. They cost ...
electric offensive parlor
  03/23/17
unngh
topaz theatre idea he suggested
  03/23/17
Does the litigator bring you tranny business? 11.1% of overa...
Tantric Antidepressant Drug Useless Brakes
  03/23/17
Not really, but I don't really need that much more business....
red adventurous den
  03/23/17
Sorry for the bump but just psyched about this. Hoping it w...
red adventurous den
  03/23/17
...
deep half-breed dilemma
  03/23/17
How did you "bring" it to the firm? Tranny client?...
shimmering candlestick maker
  03/23/17
tranny client. Came from my old firm, but been at current f...
red adventurous den
  03/23/17
Is this equity-in-cases policy just a handshake arrangement ...
shimmering candlestick maker
  03/23/17
formalized. There is a file sheet that shows the split of t...
red adventurous den
  03/23/17
Fuck don't know why I assumed you were an associate. Wtf are...
shimmering candlestick maker
  03/23/17
Not every day I bring in $900k of legal work on one day. I ...
red adventurous den
  03/23/17
180
overrated public bath
  03/23/17
Nice
nofapping range mood
  03/23/17
Congrats
spectacular mad-dog skullcap jap
  03/23/17
Ljl start your own firm faggot. Lol at giving 90% to some ki...
Magical stage
  03/23/17
(NEET)
electric offensive parlor
  03/23/17
and just freestyle a litigation matter with $20mm in damages...
red adventurous den
  03/23/17
How big is your firm? How will compensation committee handle...
alcoholic multi-colored locus psychic
  03/23/17
mid size I get 50% of the origination component, which is...
red adventurous den
  03/23/17
Uuunnngghghgh. Congrats brother!
alcoholic multi-colored locus psychic
  03/23/17
thanks
red adventurous den
  03/23/17
Lol at that margin. What a fraud our profession is.
electric offensive parlor
  03/23/17
good or bad?
red adventurous den
  03/23/17


Poast new message in this thread



Reply Favorite

Date: March 23rd, 2017 2:07 PM
Author: red adventurous den

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: motley avocado school

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: red adventurous den

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: motley avocado school

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: red adventurous den

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: Provocative Opaque Hunting Ground Rigor

"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: red adventurous den

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: motley avocado school

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: red adventurous den

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: shivering toaster athletic conference

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: rambunctious filthpig

180

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



Reply Favorite

Date: March 23rd, 2017 2:17 PM
Author: slate hairraiser cuckold becky

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: red adventurous den

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: electric offensive parlor

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: red adventurous den

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: electric offensive parlor

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: topaz theatre idea he suggested

unngh

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



Reply Favorite

Date: March 23rd, 2017 2:20 PM
Author: Tantric Antidepressant Drug Useless Brakes

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: red adventurous den

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: red adventurous den

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: deep half-breed dilemma



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



Reply Favorite

Date: March 23rd, 2017 6:54 PM
Author: shimmering candlestick maker

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: red adventurous den

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: shimmering candlestick maker

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: red adventurous den

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: shimmering candlestick maker

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: red adventurous den

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: overrated public bath

180

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



Reply Favorite

Date: March 23rd, 2017 7:04 PM
Author: nofapping range mood

Nice

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



Reply Favorite

Date: March 23rd, 2017 7:06 PM
Author: spectacular mad-dog skullcap jap

Congrats

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



Reply Favorite

Date: March 23rd, 2017 7:18 PM
Author: Magical stage

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: electric offensive parlor

(NEET)

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



Reply Favorite

Date: March 23rd, 2017 7:32 PM
Author: red adventurous den

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: alcoholic multi-colored locus psychic

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: red adventurous den

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: alcoholic multi-colored locus psychic

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: red adventurous den

thanks

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



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: electric offensive parlor

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: red adventurous den

good or bad?

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