How much money did you make this year? ($$$)
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Poast new message in this thread
Date: December 18th, 2025 3:51 PM Author: alcoholic main people
Me: 842k
Wife: 267K
Including last year's bonus
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49519915) |
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Date: December 18th, 2025 5:07 PM Author: Up-to-no-good coiffed school
When I was a young Inhousemo making $250k, I thought I was the shit. Xoxo told me that it was the only CR goal for a lawyer. And I had no kids.
Now I'm nearing 40 and practically live paycheck to paycheck. Exit ops are SLIM.
Turns out I was a retard for going in house.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49520231) |
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Date: December 19th, 2025 3:05 PM Author: Up-to-no-good coiffed school
Over $400k if you add wife.
After tax income: ~200k
Housing (vhcol area + 3 kids): ~100k
Child care: ~$50k
Add in some money to retirement and kids college, and not much left for day to day.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49522995) |
Date: December 18th, 2025 4:10 PM Author: contagious death wish
me: ~$400k wife: ~$325k
but i was also laid off
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49519995)
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Date: December 19th, 2025 11:21 AM Author: Know-it-all arousing church
if there's one thing I've learned as a solo it's that annual earnings are flame.
my income fluctuated probably 400% from 2024 to 2025 but nothing really changed. money comes in at random without any reference to what "year" it is.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49522248) |
Date: December 19th, 2025 8:56 PM Author: chest-beating cowardly state digit ratio
XO to young poasters, " Do NOT go to law school!"
*rubs hands togther*
"But I made 750k last year!!!!!"
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49523866) |
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Date: December 20th, 2025 9:22 AM Author: judgmental church building juggernaut
this is correct.
I started with 26 people in my summer class.
Of my summer class only two are partners at law firms - me and another guy I hired back to work for me as a W2 partner.
Two other guys have their own law firms but makes like 300k-500kyr
three others are in-house
All others are somewhere other than law.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49524780) |
Date: December 20th, 2025 3:11 PM Author: Out-of-control drab hissy fit
A little over a mil. “Worked” ~10 hours a week. Pay taxes on much less.
Depositing 400k in fees first week of January too.
Solo PI.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49525770) |
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Date: December 20th, 2025 4:37 PM Author: Out-of-control drab hissy fit
Bought a car (100% depreciation)
Pay myself rent -- I own office building
Office building depreciation/property taxes
Did a lot of work to the office building. New AC/Furniture. I fully renovated it a couple years ago for like 200k. All adds value to property and gets written off.
like 75k in meals and travel
Gas
Health Insurance
Mortgage interest home/office
I prepay whatever expenses I can for the next year -- car insurance, ad spend, web marketing, etc.
~150k in staff salaries. Paralegal always pays for herself by bringing in cases so I don't really count that. I'm sending a demand on a DUI wreck she brought in in January for $1 mil.
Creative but nothing fraud.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49526021)
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Date: December 21st, 2025 10:29 AM Author: Vigorous Shimmering Range
it's likely going to be around $580k this year. i started the year as an equity partner where i got a monthly draw, then moved in april to a firm where i'm a nonequity partner. i forget exactly how much my equity payout for 2024 was, but i think it'll come in around 580.
next year, with my origination bonus for 2025, comp should be around 610-650. not sure what this place is doing with my base for next year, but it better go up because i had $1.8m in originations in 9 months.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527322) |
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Date: December 21st, 2025 10:37 AM Author: Vigorous Shimmering Range
at the prior firm, i bought in like $20k worth of shares. they returned that to me after i left, but it had increased to like $45k. i figured they were gonna just keep my money. this was all w-2 income with withholdings done. that firm is set up so that everyone is a "shareholder" and employee of the firm it isn't a partnership. when i was in biglaw, when i made partner i got paid on a k-1 basis, which fucking blew.
i'm eligible for equity at this firm at the end of 2026, and i will make it no question. the money i have in the pipeline would be enough originations for 2026 to qualify because the threshold is pretty low here. even if my book implodes in january, i'll have enough.
equity formula, i understand, looks something like: 40% of your "working attorney" number plus 20% of originations, plus something for being a "good firm citizen." i'm filling a need this firm desperately needs - despite having a bunch of labor attorneys, they are entertainment labor lawyers, which means they don't do ANY NLRB litigation or collective bargaining. all they do is interpret 600-page CBAs that were negotiated decades ago and are renegotiated by some employer association. so i guess they will do something for me to reflect that.
if my book in 2027 looks like it does right now, i'd make $1,080,000 or so my first year as an equity partner. this firm is an actual partnership, unfortunately, so i will have to start my own corporation or some kind of bullshit and pay way more in taxes.
we have a dood in my office who sues foreign govts for terrorist acts and brings in like 20 million a year, and that apparently winds up being a windfall to all the equity partners.
all firms should be set up as companies, this partnership stuff sucks ass.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527344) |
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Date: December 21st, 2025 10:39 AM Author: Vigorous Shimmering Range
it's surprising to me bc i used to not give a fuck about the business side of law. i've always been regarded as really good at what i do, but kind of an oddball and oblivious to biz dev, etc.
when i was in biglaw, an of counsel i hung around with always told me that if i sobered up and quit doing drugs/drinking 24/7, i could have a big book. turns out he was right ($2m is big for me, anyway, and i never thought i'd have anything like this.)
you're doing great brother, anything over 300k is really good.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527346) |
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Date: December 21st, 2025 10:46 AM Author: Vigorous Shimmering Range
if i could, i would man. are you open to learning traditional labor law?
i'll be saltthreading again soon. we moved out of our house in august to do a renovation. i have to run over there every few days to feed the fish and maintain the tank. it's 120.
we should be moving back in within a couple weeks and i will resume tank threading and maybe throw in some home renovation threading.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527357)
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Date: December 21st, 2025 12:02 PM Author: Curious unhinged boiling water
600-800k in tech depending on stock price, haven’t really checked
30hr/week
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527544) |
Date: December 21st, 2025 1:00 PM Author: indecent lodge tattoo
About 1.3 mil. Shitlaw boss, real estate investing and other entrepreneurial activities.
It's a great blessing, and things have blown up fast over the last few years after years of toil. Last year was about 500k, 300k before that, lower for many years before that. This is a result of sustained business building, not one big settlement that won't be replicated.
However, this is a very risky seat to be sitting in. I'm a target in a wide variety of ways that I didn't anticipate, and everything could vanish at any moment. I am trying to take chips off the table and put them into safer assets where I can. But that's not easy to do.
Also, there is a hard, fairly low ceiling on my happiness because of my marriage to an angry, bitter woman who gets mad if she sees me enjoying myself. I don't want to divorce her for family reasons, but matters may come to a head in 2026.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49527645) |
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Date: December 21st, 2025 4:45 PM Author: Vigorous Shimmering Range
that is 180, very impressive.
very unlikely everything will implode immediately. just plow like $2m into index funds over time and max out retirement accounts. that's what i'm doing. wife and i currently have close to $3m in retirement accounts and if i get to $2m in taxable, i won't worry at all about my book blowing to pieces.
but honestly, you will probably continue doing well so don't worry.
on the marriage, you should try to save it if you think it's salvageable, but if it really is far gone then you should split up. don't stay together for money. but don't be so fast to peace out. maybe if she knows you are putting your foot down, she will knock off her bullshit. maybe not, but you should give it a shot.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49528240) |
Date: December 22nd, 2025 11:05 PM Author: sickened mischievous scourge upon the earth forum
About $310k in W2/1099, $50k in rental profit, and I think $470k or so in gains (mostly unrealized) and dividends.
Haven’t done the taxes yet though, will report back later.
(http://www.autoadmit.com/thread.php?thread_id=5811768&forum_id=2,#49532876) |
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