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Solos: Getting work in vs. being taken advantage of
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Date: June 13th, 2018 11:39 AM Author: judgmental bat shit crazy mexican masturbator This has happened once already, and may happen again. But i need the work.
1. I was brought in to co-counsel a case. Only being given 30% of the net atty fees to do the lion's share (if not more) of prep up to mediation, etc. Upside is that I was brought in two days ago and we'll schedule mediation in 60 days. I'm actually trying to gamify the situation and see if i can completely prep the case for mediation in 15 hours or less - and preferably 10. If so, the equiv hourly rate for my time spent compared to the settlement value will be pretty decent.
2. I'm being asked to do hourly work for a plaintiff's atty to prep a TRO, prelim injunction, etc. He has proposed paying me $200/hr for the work, even though I know that his rates are $450/hr. I'm going to counter with $300/hr for my time. I expect this to take 15-25 hours and it needs to be done in the next 3 days. So I'm probably going to have to accept the best rate he'll give me even if its around 200-225/hr. Upside is that its a quick $5k to $7.5k in my pocket.
How do others deal with shit like this? I'm trying to make smart biz decisions (i.e., accept a less favorable rate/percentage if it means quick cash flow, etc., and I have the capacity). |
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Date: June 13th, 2018 11:47 AM Author: Trip Church Building Multi-billionaire It's common for contract attorneys to charge/accept a pretty significantly reduced hourly rate if they don't have to deal with billing/collection/marketing/etc. for a matter. Generally, the situation allows for the main attorney on the matter to bill out the contract attorney to the client at a higher rate and make some money on their work. Not sure what your locale or experience is, but I think asking for $300/hr is a bit steep (unless you think the attorney will be billing *your* time out at $450/hr). (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237634) |
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Date: June 13th, 2018 12:25 PM Author: judgmental bat shit crazy mexican masturbator should i ask for 1/2 of what he's billing me out at? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237844) |
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Date: June 13th, 2018 12:46 PM Author: Slap-happy embarrassed to the bone chapel quadroon is this the first time he's used you?
If he pays reliably and you are brand new, I'd do a couple projects for him at this rate. Ask for more later once you have more of a relationship. That's good money |
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Date: June 13th, 2018 12:49 PM Author: judgmental bat shit crazy mexican masturbator thanks for your input.
this is the second time he's sent work over to me. funny how so many people promise to send work before i went solo and only 2 have come through so far. all good, though. i'll build this baby up slowly. |
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Date: June 13th, 2018 12:58 PM Author: Slap-happy embarrassed to the bone chapel quadroon you got this! (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238043) |
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Date: June 13th, 2018 2:56 PM Author: White Place Of Business seconded (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238935) |
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Date: June 13th, 2018 12:56 PM Author: Trip Church Building Multi-billionaire My feeling is that half of what he's billing you out at should give him a substantial enough benefit. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238025) |
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Date: June 13th, 2018 11:52 AM Author: Racy Brunch Hominid 200/hr sounds solid if you have no other paying work to do and it's guaranteed ca$h. Whatever u do I wouldn't risk losing that. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237667) |
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Date: June 13th, 2018 2:53 PM Author: swashbuckling bearded gunner depressive $200/hr is pretty good for a contract atty. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238904) |
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Date: June 13th, 2018 2:54 PM Author: judgmental bat shit crazy mexican masturbator How about 100/hr? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238923) |
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Date: June 13th, 2018 2:56 PM Author: Racy Brunch Hominid Half as good. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238932) |
Date: June 13th, 2018 11:41 AM Author: Slap-happy embarrassed to the bone chapel quadroon how bad do you need the work/money? If a lot, then STFU and take the $200/hour until you get your own paying clients (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237594) |
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Date: June 13th, 2018 11:44 AM Author: Slate Faggot Firefighter Partner basically cr. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237612) |
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Date: June 13th, 2018 11:43 AM Author: exhilarant pozpig sanctuary Virtually no one on this bort should turn their nose up at $200/hr guaranteed fees. Doubt there are any law wagecucks here making that (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237607) |
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Date: June 13th, 2018 11:50 AM Author: Cerise Church Psychic (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237653) |
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Date: June 13th, 2018 12:27 PM Author: Contagious brass temple yarmulke Plus, this could lead to more work in the future. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237851) |
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Date: June 13th, 2018 11:55 AM Author: adventurous thirsty address wagecucks agreed $200 an hr guaranteed payment with no collection risk is pretty good money for a solo. i did some work in february at around that rate and it was a nice $6K cushion for a few days of busting ass on some pleadings
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Date: June 13th, 2018 11:57 AM Author: Slate Faggot Firefighter Partner this is really my ideal worklife. BS for 2 days of work week and grind out high productivity on 2 or 3 of the other days. I've always been like this. If i could crank out 4k on those productive spurts...shiiiiiit. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237700) |
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Date: June 13th, 2018 12:28 PM Author: flesh national genital piercing (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237859) |
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Date: June 13th, 2018 12:02 PM Author: Marvelous dilemma macaca I used to have some douche pay me $80/hour for his $300/hour billables. I thought that was amazing. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237721) |
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Date: June 13th, 2018 12:29 PM Author: cocky famous landscape painting How does prepping a TRO take 15-25 hours? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237865) |
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Date: June 13th, 2018 12:43 PM Author: judgmental bat shit crazy mexican masturbator fed complaint + TRO would definitely take 15-25 hours. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237939) |
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Date: June 13th, 2018 3:38 PM Author: Apoplectic sienna cuck (in-house counsel asking for Westlaw search history) (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239243) |
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Date: June 13th, 2018 12:30 PM Author: azure foreskin (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36237869) |
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Date: June 13th, 2018 2:24 PM Author: Hyperventilating arousing resort goal in life solo w biglaw exp here. $200/hr for hourly contract work is an amazing rate, and you have no business complaining. i've done contract work for boutiques and had to fight to get them to pay me $110-125/hr. that's am amazing rate as it is. midlevel assocs in biglaw dont even make that much. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238682) |
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Date: June 13th, 2018 2:44 PM Author: judgmental bat shit crazy mexican masturbator what about $100/hr for a 5-8 hour project to draft a pleading? cash payment. worth it or underpaid. is that contract attorney $? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238823) |
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Date: June 13th, 2018 2:57 PM Author: Racy Brunch Hominid What are your other options? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238940) |
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Date: June 13th, 2018 3:03 PM Author: judgmental bat shit crazy mexican masturbator i am out on my own so i can always carve out time. thats the biglaw mentality thats still in me from my last job. so i have enough to keep me busy, but 90% contingency. just unsure if im being screwed, or if 100/hr is pretty standard for contract work through an agency. for what its worth, this is a contingency case and the dude is just too busy to handle the work himself hence why he's trying to hook me up. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36238986) |
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Date: June 13th, 2018 3:08 PM Author: Racy Brunch Hominid If you're busy af and have plenty of cash in the bank you can turn it down, but otherwise 100/hr isn't a bad rate. Maybe try to get it up to 125 or 150? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239036) |
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Date: June 13th, 2018 3:11 PM Author: Slap-happy embarrassed to the bone chapel quadroon $800 to draft a complaint? Sign me up
If you have a $100k goal for the year, that's almost 1% of your goal right there. |
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Date: June 13th, 2018 3:15 PM Author: judgmental bat shit crazy mexican masturbator fuckkk dude, i like your hustle. i guess i need to have the "anything it takes" mentality in order to hit my year target.
how are you doing YTD on profits? what's your goal? |
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Date: June 13th, 2018 3:23 PM Author: Slap-happy embarrassed to the bone chapel quadroon I'm a huge pussy and haven't made the jump yet (mostly due to a project that my best client gave me early in the year that I couldn't do without my partner's help) (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239143) |
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Date: June 13th, 2018 3:21 PM Author: Slate Faggot Firefighter Partner (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239139) |
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Date: June 13th, 2018 4:12 PM Author: gaped crawly stage $200 an hour is a great rate. $100 is good but nothing special. But for a guaranteed $800 for relatively low stress work (pleadings are easy) I'd take it in an instant. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239493) |
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Date: June 13th, 2018 3:15 PM Author: Mauve digit ratio deer antler 30% fucking blows unless its a great case. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239087) |
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Date: June 13th, 2018 3:17 PM Author: orchid state i just got 33% of a fee and cleared almost 300k. Although that was me referring it out but still working on it. It was worth every penny b/c the guy I sent it to literally got 2-3x what I would have gotten. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239100) |
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Date: June 13th, 2018 3:15 PM Author: orchid state what kind of case do you have to spend 25 hours "working up" for mediation? Assuming this is not a car wreck? (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239092) |
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Date: June 13th, 2018 3:21 PM Author: judgmental bat shit crazy mexican masturbator a case with 15k of discovery docs. and 25 is probably a stretch. i just spent 2 hours quickly flipping through 11k of the discovery and flagging the ones I'll need to spend time on. rest is BS for purposes of a mediation. i'm going to see if i can get this case prepped in <15 hours or so. (http://www.autoadmit.com/thread.php?thread_id=4001090&forum_id=2#36239129) |