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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
lilac associate tank
  07/21/21
$31,000
Abnormal sanctuary stock car
  07/21/21
Yeah that was going to be my guess. It's a law firm, full o...
Boyish Up-to-no-good National Mad Cow Disease
  07/21/21
looool
mildly autistic exciting temple
  07/21/21
...
Abnormal sanctuary stock car
  07/21/21
tyft made my night on Xo
lilac associate tank
  07/21/21
...
dashing site
  07/21/21
not even $25,000 brother (pre tax). under 20k post-tax etc.
lilac associate tank
  07/21/21
You earn 100k/year?
umber lascivious hunting ground
  07/21/21
slightly more, yes. why?
lilac associate tank
  07/21/21
Salary?
umber lascivious hunting ground
  07/21/21
you pretty much guessed it
lilac associate tank
  07/21/21
So, you get $100k guaranteed and you only generate $250k? I&...
umber lascivious hunting ground
  07/21/21
how does that ratio suck?
lilac associate tank
  07/21/21
Because it’s not incorporating your overhead. Don&rsqu...
umber lascivious hunting ground
  07/21/21
no way I cost them twice my salary in overhead. that’s...
lilac associate tank
  07/21/21
So, you suck at law and ranges in math.
umber lascivious hunting ground
  07/21/21
what I said is I’m on the low end of the spectrum you ...
lilac associate tank
  07/21/21
So you cost 160 on 250 in revenue. I wouldn’t fire you...
umber lascivious hunting ground
  07/21/21
what’s wrong with 90k profit?
lilac associate tank
  07/21/21
90k before taxes. You’re marginal earning on their inc...
umber lascivious hunting ground
  07/21/21
pretty much keep to myself tbh
lilac associate tank
  07/21/21
Then that’s fine. You’re cool to keep around. As...
umber lascivious hunting ground
  07/21/21
"In the end, you probably cost them $150k-$200k." ...
orange parlor
  07/21/21
That’s $37k over pay/taxes. One office manger split 6 ...
umber lascivious hunting ground
  07/21/21
the paralegal and office manager are the same person. no IT....
lilac associate tank
  07/21/21
I forgot about health. Even shit coverage will be $5k a year...
umber lascivious hunting ground
  07/21/21
...
lilac associate tank
  07/21/21
...
lilac associate tank
  07/21/21
...
lilac associate tank
  07/21/21
You're a lawyer making ~$100k pretax annually? What kind...
Naked aphrodisiac field
  07/21/21
small firm, about six lawyers
lilac associate tank
  07/21/21
What year are you? Learn what you need to be decently com...
Naked aphrodisiac field
  07/21/21
did government work for three years (plus clerkship) before ...
lilac associate tank
  07/21/21
Because as a fourth-year lawyer, you should be making much m...
Naked aphrodisiac field
  07/21/21
yeah, idk why the poster above said the ratios suck. the job...
lilac associate tank
  07/21/21
Well, he's right about the ratio. You should be making and ...
Naked aphrodisiac field
  07/21/21
...
lilac associate tank
  07/21/21
...
lilac associate tank
  07/21/21
i've cost my company more than that
ultramarine kitchen dragon
  07/21/21
what do you mean?
lilac associate tank
  07/21/21
money shows up in my bank account every two weeks and i don'...
ultramarine kitchen dragon
  07/21/21
The problem isn't that you're.being paid an unfair share of ...
Mauve Drunken Wagecucks Hall
  07/21/21
i guess i don’t know what to do when I’ve finish...
lilac associate tank
  07/21/21
Generally, your revenue will break down into 1/3 for each of...
Sapphire shivering digit ratio address
  07/21/21
not sure how overhead is equal to compensation
lilac associate tank
  07/21/21
It’s not. Itt is Shylocks trying to perpetrate the myt...
plum therapy property
  07/21/21
"Generally, your revenue will break down into 1/3 for e...
mildly autistic exciting temple
  07/21/21
Shut the fuck up rudolph. No one likes you here, and yet you...
umber lascivious hunting ground
  07/21/21
I'm an Obeezy alt, actually
mildly autistic exciting temple
  07/21/21
...
lilac associate tank
  07/21/21
If you can make more working for yourself, do it. If you can...
submissive university goyim
  07/21/21
That is roughly $5,000 per week. If you do that for a year (...
aqua comical corner knife
  07/21/21
not saying i want to be compensated more. just saying law fi...
lilac associate tank
  07/22/21
how much fixed costs during that time as the firm provided/a...
Abusive mind-boggling pocket flask
  07/22/21
did you even read the discussions ITT. overhead is low.
lilac associate tank
  07/22/21
no. also i dont see how overhead is low as rent normally isn...
Abusive mind-boggling pocket flask
  07/22/21
my office has one support person.
lilac associate tank
  07/22/21
so 1/6th of their cost, plus 1/6th of rent, plus 1/6 of othe...
Abusive mind-boggling pocket flask
  07/22/21
why are there lawyers making less than coding bootcamp gradu...
Soul-stirring mentally impaired pisswyrm lay
  07/22/21


Poast new message in this thread



Reply Favorite

Date: July 21st, 2021 12:42 AM
Author: lilac associate tank

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: Abnormal sanctuary stock car

$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: Boyish Up-to-no-good National Mad Cow Disease

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: mildly autistic exciting temple

looool

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



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: Abnormal sanctuary stock car



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



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: lilac associate tank

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: dashing site



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



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

Salary?

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



Reply Favorite

Date: July 21st, 2021 2:05 AM
Author: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: orange parlor

"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: umber lascivious hunting ground

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: lilac associate tank

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: umber lascivious hunting ground

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: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 1:12 AM
Author: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 1:33 AM
Author: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 1:59 AM
Author: Naked aphrodisiac field

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: lilac associate tank

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: Naked aphrodisiac field

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: lilac associate tank

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: Naked aphrodisiac field

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: lilac associate tank

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: Naked aphrodisiac field

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: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 1:02 PM
Author: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 1:36 PM
Author: ultramarine kitchen dragon

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: lilac associate tank

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: ultramarine kitchen dragon

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: Mauve Drunken Wagecucks Hall

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: lilac associate tank

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: Sapphire shivering digit ratio address

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: lilac associate tank

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: plum therapy property

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: mildly autistic exciting temple

"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: umber lascivious hunting ground

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: mildly autistic exciting temple

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: lilac associate tank



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



Reply Favorite

Date: July 21st, 2021 6:32 PM
Author: submissive university goyim

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: aqua comical corner knife

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: lilac associate tank

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: Abusive mind-boggling pocket flask

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: lilac associate tank

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: Abusive mind-boggling pocket flask

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: lilac associate tank

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: Abusive mind-boggling pocket flask

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: Soul-stirring mentally impaired pisswyrm lay

why are there lawyers making less than coding bootcamp graduates?

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