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i've generated $62,000 in income for firm in the last 12 weeks

guess how much of that i've seen
pink indirect expression menage
  07/21/21
$31,000
Dark Hairless Turdskin
  07/21/21
Yeah that was going to be my guess. It's a law firm, full o...
Idiotic Mewling Famous Landscape Painting Den
  07/21/21
looool
Insanely creepy gold crackhouse trump supporter
  07/21/21
...
Dark Hairless Turdskin
  07/21/21
tyft made my night on Xo
pink indirect expression menage
  07/21/21
...
Titillating Dilemma
  07/21/21
not even $25,000 brother (pre tax). under 20k post-tax etc.
pink indirect expression menage
  07/21/21
You earn 100k/year?
histrionic antidepressant drug
  07/21/21
slightly more, yes. why?
pink indirect expression menage
  07/21/21
Salary?
histrionic antidepressant drug
  07/21/21
you pretty much guessed it
pink indirect expression menage
  07/21/21
So, you get $100k guaranteed and you only generate $250k? I&...
histrionic antidepressant drug
  07/21/21
how does that ratio suck?
pink indirect expression menage
  07/21/21
Because it’s not incorporating your overhead. Don&rsqu...
histrionic antidepressant drug
  07/21/21
no way I cost them twice my salary in overhead. that’s...
pink indirect expression menage
  07/21/21
So, you suck at law and ranges in math.
histrionic antidepressant drug
  07/21/21
what I said is I’m on the low end of the spectrum you ...
pink indirect expression menage
  07/21/21
So you cost 160 on 250 in revenue. I wouldn’t fire you...
histrionic antidepressant drug
  07/21/21
what’s wrong with 90k profit?
pink indirect expression menage
  07/21/21
90k before taxes. You’re marginal earning on their inc...
histrionic antidepressant drug
  07/21/21
pretty much keep to myself tbh
pink indirect expression menage
  07/21/21
Then that’s fine. You’re cool to keep around. As...
histrionic antidepressant drug
  07/21/21
"In the end, you probably cost them $150k-$200k." ...
doobsian massive dog poop forum
  07/21/21
That’s $37k over pay/taxes. One office manger split 6 ...
histrionic antidepressant drug
  07/21/21
the paralegal and office manager are the same person. no IT....
pink indirect expression menage
  07/21/21
I forgot about health. Even shit coverage will be $5k a year...
histrionic antidepressant drug
  07/21/21
...
pink indirect expression menage
  07/21/21
...
pink indirect expression menage
  07/21/21
...
pink indirect expression menage
  07/21/21
You're a lawyer making ~$100k pretax annually? What kind...
excitant pungent stead codepig
  07/21/21
small firm, about six lawyers
pink indirect expression menage
  07/21/21
What year are you? Learn what you need to be decently com...
excitant pungent stead codepig
  07/21/21
did government work for three years (plus clerkship) before ...
pink indirect expression menage
  07/21/21
Because as a fourth-year lawyer, you should be making much m...
excitant pungent stead codepig
  07/21/21
yeah, idk why the poster above said the ratios suck. the job...
pink indirect expression menage
  07/21/21
Well, he's right about the ratio. You should be making and ...
excitant pungent stead codepig
  07/21/21
...
pink indirect expression menage
  07/21/21
...
pink indirect expression menage
  07/21/21
i've cost my company more than that
Cerebral pisswyrm
  07/21/21
what do you mean?
pink indirect expression menage
  07/21/21
money shows up in my bank account every two weeks and i don'...
Cerebral pisswyrm
  07/21/21
The problem isn't that you're.being paid an unfair share of ...
Shaky Kitty Institution
  07/21/21
i guess i don’t know what to do when I’ve finish...
pink indirect expression menage
  07/21/21
Generally, your revenue will break down into 1/3 for each of...
big canary stage
  07/21/21
not sure how overhead is equal to compensation
pink indirect expression menage
  07/21/21
It’s not. Itt is Shylocks trying to perpetrate the myt...
house-broken theatre
  07/21/21
"Generally, your revenue will break down into 1/3 for e...
Insanely creepy gold crackhouse trump supporter
  07/21/21
Shut the fuck up rudolph. No one likes you here, and yet you...
histrionic antidepressant drug
  07/21/21
I'm an Obeezy alt, actually
Insanely creepy gold crackhouse trump supporter
  07/21/21
...
pink indirect expression menage
  07/21/21
If you can make more working for yourself, do it. If you can...
garnet appetizing stage
  07/21/21
That is roughly $5,000 per week. If you do that for a year (...
orange idea he suggested
  07/21/21
not saying i want to be compensated more. just saying law fi...
pink indirect expression menage
  07/22/21
how much fixed costs during that time as the firm provided/a...
effete public bath
  07/22/21
did you even read the discussions ITT. overhead is low.
pink indirect expression menage
  07/22/21
no. also i dont see how overhead is low as rent normally isn...
effete public bath
  07/22/21
my office has one support person.
pink indirect expression menage
  07/22/21
so 1/6th of their cost, plus 1/6th of rent, plus 1/6 of othe...
effete public bath
  07/22/21
why are there lawyers making less than coding bootcamp gradu...
Apoplectic Kitchen
  07/22/21


Poast new message in this thread



Reply Favorite

Date: July 21st, 2021 12:42 AM
Author: pink indirect expression menage

guess how much of that i've seen

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815582)



Reply Favorite

Date: July 21st, 2021 12:43 AM
Author: Dark Hairless Turdskin

$31,000

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815588)



Reply Favorite

Date: July 21st, 2021 12:43 AM
Author: Idiotic Mewling Famous Landscape Painting Den

Yeah that was going to be my guess. It's a law firm, full of lawyers, so inevitably they'll be fair about this and make sure he's appropriately compensated for the good work he's done.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815590)



Reply Favorite

Date: July 21st, 2021 12:44 AM
Author: Insanely creepy gold crackhouse trump supporter

looool

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815594)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: Dark Hairless Turdskin



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815608)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: pink indirect expression menage

tyft made my night on Xo

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815609)



Reply Favorite

Date: July 21st, 2021 10:15 AM
Author: Titillating Dilemma



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42816684)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: pink indirect expression menage

not even $25,000 brother (pre tax). under 20k post-tax etc.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815603)



Reply Favorite

Date: July 21st, 2021 1:55 AM
Author: histrionic antidepressant drug

You earn 100k/year?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815854)



Reply Favorite

Date: July 21st, 2021 1:56 AM
Author: pink indirect expression menage

slightly more, yes. why?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815858)



Reply Favorite

Date: July 21st, 2021 2:04 AM
Author: histrionic antidepressant drug

Salary?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815887)



Reply Favorite

Date: July 21st, 2021 2:05 AM
Author: pink indirect expression menage

you pretty much guessed it

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815888)



Reply Favorite

Date: July 21st, 2021 1:09 PM
Author: histrionic antidepressant drug

So, you get $100k guaranteed and you only generate $250k? I’d fire you. Those ratios suck. Quit bitching. CSLG generates your year in two weeks.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817609)



Reply Favorite

Date: July 21st, 2021 1:14 PM
Author: pink indirect expression menage

how does that ratio suck?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817635)



Reply Favorite

Date: July 21st, 2021 1:21 PM
Author: histrionic antidepressant drug

Because it’s not incorporating your overhead. Don’t forget the $13k your firm owes for your payroll tax. Your office. The office manager, accountant, et cetera. All the other little costs. In the end, you probably cost them $150k-$200k. They take the risk of paying all that out of pocket, whereas what you produce is an unknown. Go look at anywhere else. Biglol gets a salary of about 15% of their billable revenue and maybe another 10% bonus. Investment bankers get like 2% with a 10% bonus. Why don’t you start producing instead of bitching like a little fucking millennial?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817683)



Reply Favorite

Date: July 21st, 2021 1:30 PM
Author: pink indirect expression menage

no way I cost them twice my salary in overhead. that’s a joke.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817726)



Reply Favorite

Date: July 21st, 2021 1:32 PM
Author: histrionic antidepressant drug

So, you suck at law and ranges in math.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817736)



Reply Favorite

Date: July 21st, 2021 1:35 PM
Author: pink indirect expression menage

what I said is I’m on the low end of the spectrum you estimated

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817754)



Reply Favorite

Date: July 21st, 2021 1:38 PM
Author: histrionic antidepressant drug

So you cost 160 on 250 in revenue. I wouldn’t fire you, but I wouldn’t do shit for you. You’d be lowest priority, and if you quit I wouldn’t give a shit. So, again, quit bitching and actually generate some business.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817777)



Reply Favorite

Date: July 21st, 2021 1:41 PM
Author: pink indirect expression menage

what’s wrong with 90k profit?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817792)



Reply Favorite

Date: July 21st, 2021 2:11 PM
Author: histrionic antidepressant drug

90k before taxes. You’re marginal earning on their income. So they take home 50k. 50k is fine if you’re chill to work with and don’t cause any problems, but if you’re a sniveling pretentious self-entitled bitch, that’s not at all worth keeping you around

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817994)



Reply Favorite

Date: July 21st, 2021 2:14 PM
Author: pink indirect expression menage

pretty much keep to myself tbh

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818012)



Reply Favorite

Date: July 21st, 2021 2:18 PM
Author: histrionic antidepressant drug

Then that’s fine. You’re cool to keep around. As evidenced by the fact that you are still employed. But you are in no position to bitch about your take.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818043)



Reply Favorite

Date: July 21st, 2021 1:48 PM
Author: doobsian massive dog poop forum

"In the end, you probably cost them $150k-$200k."

*Maybe* $150k. Maybe.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817836)



Reply Favorite

Date: July 21st, 2021 2:08 PM
Author: histrionic antidepressant drug

That’s $37k over pay/taxes. One office manger split 6 ways? There’s $10k+. IT consultants split six ways? $3k. Paralegal split 6 ways? $13k+. Rent, another $10k. Cleaning, $1k. Utilities, $1k. Westlaw? I don’t even know what that costs. Travel, if they do that. A stupid company party. Shit starts to add up. Obviously there’s huge variance on this. His firm could be skipping a lot of this by just using Google Sheets and making him WFH, take his own calls, do his own rote lookup work. But most places, 50k overhead for a lawyer is a baseline

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817976)



Reply Favorite

Date: July 21st, 2021 2:13 PM
Author: pink indirect expression menage

the paralegal and office manager are the same person. no IT. bad health coverage. i’m one additional MS and Lexis license. malpractice is probably a few hundred bucks a month, max. not sure what an extra phone line costs.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818010)



Reply Favorite

Date: July 21st, 2021 2:18 PM
Author: histrionic antidepressant drug

I forgot about health. Even shit coverage will be $5k a year, and probably more like $8k

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818041)



Reply Favorite

Date: July 21st, 2021 12:52 AM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815630)



Reply Favorite

Date: July 21st, 2021 1:12 AM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815711)



Reply Favorite

Date: July 21st, 2021 1:33 AM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815786)



Reply Favorite

Date: July 21st, 2021 1:59 AM
Author: excitant pungent stead codepig

You're a lawyer making ~$100k pretax annually?

What kind of firm?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815868)



Reply Favorite

Date: July 21st, 2021 2:01 AM
Author: pink indirect expression menage

small firm, about six lawyers

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815878)



Reply Favorite

Date: July 21st, 2021 2:02 AM
Author: excitant pungent stead codepig

What year are you?

Learn what you need to be decently competent and GTFO.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815881)



Reply Favorite

Date: July 21st, 2021 2:03 AM
Author: pink indirect expression menage

did government work for three years (plus clerkship) before taking this job in january

tell me why i should gtfo. i want to, anyway, but need to convince myself it's the right move

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815883)



Reply Favorite

Date: July 21st, 2021 10:14 AM
Author: excitant pungent stead codepig

Because as a fourth-year lawyer, you should be making much more. Unless the job is very low stress, you should do better for yourself.

Around year four is where you probably have enough experience to competently practice solo. Your first year or two might be bumpy, but you should make multiples of what you are now once you hit your stride, and won't be forking over the lion's share to a boss who doesn't care about you.

At least jump to a firm that pays you something reasonable.



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42816675)



Reply Favorite

Date: July 21st, 2021 1:27 PM
Author: pink indirect expression menage

yeah, idk why the poster above said the ratios suck. the job is low stress, sure, but boring. not enough work to do. partners sometimes gripe that my hours are low but one still makes 100k a year off me.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817711)



Reply Favorite

Date: July 21st, 2021 3:51 PM
Author: excitant pungent stead codepig

Well, he's right about the ratio. You should be making and generating much more.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818617)



Reply Favorite

Date: July 21st, 2021 11:18 AM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817021)



Reply Favorite

Date: July 21st, 2021 1:02 PM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817571)



Reply Favorite

Date: July 21st, 2021 1:36 PM
Author: Cerebral pisswyrm

i've cost my company more than that

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817760)



Reply Favorite

Date: July 21st, 2021 1:42 PM
Author: pink indirect expression menage

what do you mean?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817805)



Reply Favorite

Date: July 21st, 2021 3:53 PM
Author: Cerebral pisswyrm

money shows up in my bank account every two weeks and i don't do much of anything.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818621)



Reply Favorite

Date: July 21st, 2021 2:16 PM
Author: Shaky Kitty Institution

The problem isn't that you're.being paid an unfair share of your revenue, it's that you're not generating much revenue.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818030)



Reply Favorite

Date: July 21st, 2021 2:28 PM
Author: pink indirect expression menage

i guess i don’t know what to do when I’ve finished everything for a week in a few days

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818094)



Reply Favorite

Date: July 21st, 2021 3:58 PM
Author: big canary stage

Generally, your revenue will break down into 1/3 for each of 1) your salary, 2) overhead attributable to you, and 3) profit for ownership. Basic law firm economics for most small to medium firms.

So your fair compensation would be 20k over that 3 month period. If you're making more than 80k annually you're a drain on the firm.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818643)



Reply Favorite

Date: July 21st, 2021 4:21 PM
Author: pink indirect expression menage

not sure how overhead is equal to compensation

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818754)



Reply Favorite

Date: July 21st, 2021 8:35 PM
Author: house-broken theatre

It’s not. Itt is Shylocks trying to perpetrate the myth “the firm loses money on you until year three.” Truth is if it “costs” the firm 100k before they even pay you then the firm is run by retards or rats.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820057)



Reply Favorite

Date: July 21st, 2021 8:38 PM
Author: Insanely creepy gold crackhouse trump supporter

"Generally, your revenue will break down into 1/3 for each of 1) your salary, 2) overhead attributable to you, and 3) profit for ownership."

This is so old and outdated that it is legitimately flame.

It does not cost that much to staff and fully support a lawyer. The furniture was paid off years ago. He probably is using a used as fuck laptop that cost less than $1,000. For computer problems they either call HP Customer support or Kevin the IT guy who charges by the hour.

What significant overhead is a firm paying out EVERY MONTH?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820075)



Reply Favorite

Date: July 21st, 2021 9:33 PM
Author: histrionic antidepressant drug

Shut the fuck up rudolph. No one likes you here, and yet you spend fuckloads of your life on XO. Go find people who can tolerate you (if they even exist).

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820335)



Reply Favorite

Date: July 21st, 2021 9:46 PM
Author: Insanely creepy gold crackhouse trump supporter

I'm an Obeezy alt, actually

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820397)



Reply Favorite

Date: July 21st, 2021 5:49 PM
Author: pink indirect expression menage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819209)



Reply Favorite

Date: July 21st, 2021 6:32 PM
Author: garnet appetizing stage

If you can make more working for yourself, do it. If you can't, stfu wagie and be grateful you aren't starving on the street

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819407)



Reply Favorite

Date: July 21st, 2021 8:19 PM
Author: orange idea he suggested

That is roughly $5,000 per week. If you do that for a year (52 weeks) you will bring in roughly $260,000. You have to find a way to contribute more to revenue if you want to be compensated more.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819961)



Reply Favorite

Date: July 22nd, 2021 12:33 AM
Author: pink indirect expression menage

not saying i want to be compensated more. just saying law firm financials are ridiculous. this is only shared because partner voiced his displeasure that my low turnout has cost him a surfboard that he planned to buy. made me feel really shitty.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821285)



Reply Favorite

Date: July 22nd, 2021 12:48 AM
Author: effete public bath

how much fixed costs during that time as the firm provided/allocated to you? if u want to see how much the firm keeps of profit u generated, need to see that revenue number minus fixed and assoicated costs not including ur salary.

the way you presented it is what i would expect from a middle schooler

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821330)



Reply Favorite

Date: July 22nd, 2021 1:13 AM
Author: pink indirect expression menage

did you even read the discussions ITT. overhead is low.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821425)



Reply Favorite

Date: July 22nd, 2021 1:39 AM
Author: effete public bath

no. also i dont see how overhead is low as rent normally isnt low plus any support staff, computers, office equipment. lawyers really under estimate costs normally

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821518)



Reply Favorite

Date: July 22nd, 2021 1:53 AM
Author: pink indirect expression menage

my office has one support person.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821579)



Reply Favorite

Date: July 22nd, 2021 1:54 AM
Author: effete public bath

so 1/6th of their cost, plus 1/6th of rent, plus 1/6 of other costs.... you are bringing in $20k a month.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821583)



Reply Favorite

Date: July 22nd, 2021 1:54 AM
Author: Apoplectic Kitchen

why are there lawyers making less than coding bootcamp graduates?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821584)