Brothers, just brought in some litigation to the firm. About $900k in billables.
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Poast new message in this thread
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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) |
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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) |
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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) |
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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) |
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