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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: Dark crusty hospital reading party ~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: Magenta Naked Stead Knife 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: Dark crusty hospital reading party 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: High-end fragrant feces athletic conference 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: Dark crusty hospital reading party 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: Violet coffee pot 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: Dark crusty hospital reading party 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: Dark crusty hospital reading party 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: High-end fragrant feces athletic conference 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: motley lettuce 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: electric dilemma 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: ungodly rehab 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: arousing digit ratio (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: Dark crusty hospital reading party 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: arousing digit ratio 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: Dark crusty hospital reading party 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: arousing digit ratio 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: Dark crusty hospital reading party 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: arousing digit ratio 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: arousing digit ratio 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: Dark crusty hospital reading party ? 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: self-absorbed field (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: Maroon 180 Garrison Liquid Oxygen (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: ungodly rehab 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: Dark crusty hospital reading party 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: arousing digit ratio 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: appetizing glassy trailer park place of business 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: Dark crusty hospital reading party 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: appetizing glassy trailer park place of business 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: Beady-eyed Native 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: self-absorbed field (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: Maroon 180 Garrison Liquid Oxygen 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: Dark crusty hospital reading party 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: Maroon 180 Garrison Liquid Oxygen $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: scarlet internet-worthy fortuitous meteor 1. How confident are you that your book goes with you?
2. Ask for your name on the side of the building. |