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Got this response regarding compensation for a Midlaw Job

I am a 7th year in biglaw making $265k plus whatever shit bo...
hyperventilating salmon area
  06/08/12
wow 1600 is so low do you think you'd have decent partner...
mind-boggling primrose faggot firefighter
  06/08/12
at my current firm? no real partnership prospects, but I ca...
hyperventilating salmon area
  06/09/12
no i meant the midlaw job
mind-boggling primrose faggot firefighter
  06/09/12
oh, yeah, although who knows how lucrative that would even b...
hyperventilating salmon area
  06/09/12
so if it's not the prospect of making partner, what is it th...
mind-boggling primrose faggot firefighter
  06/09/12
good pay and less hours...more reasonable clients...less fir...
hyperventilating salmon area
  06/09/12
you don't think this midlaw place is saying 1600 because bus...
mind-boggling primrose faggot firefighter
  06/09/12
why in god's name would they be hiring people if business is...
hyperventilating salmon area
  06/09/12
because business might be better in the future. Not all law...
honey-headed bbw
  06/09/12
is the bonus based on straight billing or collections? if i...
Crimson Space
  06/09/12
...
magical avocado halford tanning salon
  06/09/12
I think it is billing...but I am not 100% sure. I definitel...
hyperventilating salmon area
  06/09/12
it would not make sense to give you a bonus directly proport...
Crimson Space
  06/09/12
yeah, as I think about it more, that sounds like it might be...
hyperventilating salmon area
  06/09/12
the word billed at least impli8es billed hours after writeof...
Sexy black pistol jap
  06/09/12
eat cocks pussy face
vigorous round eye prole
  06/09/12
"if i built a book of business" is as much a pipe ...
Razzle claret sanctuary
  06/12/12
what area, this is what you would make at my firm, though th...
Crimson Space
  06/09/12
SF Bay Area. This is supposedly a real live lifestyle fir...
hyperventilating salmon area
  06/09/12
sounds fishy
mind-boggling primrose faggot firefighter
  06/09/12
http://gifura.orzhk.org/src/1332235315120.swf
Chest-beating Bistre Place Of Business
  06/09/12
think of it this way, at your current firm, if you bill 1600...
Crimson Space
  06/09/12
But at my current firm if I bill 1600 I probably get laid of...
hyperventilating salmon area
  06/09/12
penis + anus = unexplored.
vigorous round eye prole
  06/09/12
with such a low base number u have to wonder if there's even...
magical avocado halford tanning salon
  06/09/12
If I made 180k and billed 1600 hours I think I would be happ...
hyperventilating salmon area
  06/09/12
they may cut your hours, esp. if they have insurance clients
mind-boggling primrose faggot firefighter
  06/09/12
no insurance clients. This is corporate and real estate wor...
hyperventilating salmon area
  06/09/12
Are you in lit? I thought you can get that base as corp goin...
Brindle Foreskin Kitty Cat
  06/09/12
the bonus does seem pretty high. in midlaw thats probably li...
magical avocado halford tanning salon
  06/09/12
no, real estate and some corp. those jobs are hard to come ...
hyperventilating salmon area
  06/09/12
lol it's a setup. DO NOT TAKE THIS JOB UNDER ANY CIRCUMSTANC...
vigorous round eye prole
  06/09/12
tell me more
hyperventilating salmon area
  06/09/12
tcr I dealt with almost this exact situation a year ago. Gla...
fishy national
  06/13/12
I would be very skeptical, brother.
Bearded frozen water buffalo
  06/09/12
yeah, I am....btw, your moniker is awesome
hyperventilating salmon area
  06/09/12
I work at a firm with a similar setup. As a jr associate , ...
swashbuckling sneaky criminal
  06/09/12
If I had my weekends and even some of my weekday evenings fr...
hyperventilating salmon area
  06/09/12
they are reasonable in so far as they dont expect you to sta...
Crimson Space
  06/09/12
less smart would be great to a point. It would be fun to se...
hyperventilating salmon area
  06/09/12
fair warning, when you are taking home $11,000 a month, $900...
Crimson Space
  06/09/12
really? i thought I wouldn't really notice it much...especi...
hyperventilating salmon area
  06/09/12
in the year and a half i've worked here i've come in twice o...
Crimson Space
  06/09/12
I am normally in the office from 8:30-6 or 7 and never on we...
hyperventilating salmon area
  06/09/12
are you married with kids? i prefer not to work from home i...
Crimson Space
  06/09/12
yes, married with kids. I can't be in the office for more t...
hyperventilating salmon area
  06/09/12
This sounds like my experience at my biglaw firm. In my 2 ye...
Overrated stag film
  06/09/12
i've done more than that in midlaw, but I gun.
Crimson Space
  06/09/12
Average billables in my group are ~1800, and I billed 2050is...
Overrated stag film
  06/09/12
and you are texas biglaw or some bullshit right?
Crimson Space
  06/09/12
NYC
Overrated stag film
  06/09/12
oh i got you confused with wishiwerentaposter, he spent $10K...
Crimson Space
  06/09/12
20K on food? how?
Overrated stag film
  06/09/12
no idea, look at the rate my finances (pics) thread. I sp...
Crimson Space
  06/09/12
How the fuck are you just billing 2050 in NYC Biglaw? Vault ...
curious orchestra pit incel
  06/09/12
lol at $250k being "decent money" in a big city.
sooty provocative rehab mother
  06/09/12
(pathetic faggot who determines his level of happiness by sa...
swashbuckling sneaky criminal
  06/09/12
i am mad jelly,bro. would you encourage me to apply to law s...
Adventurous pale stage shitlib
  06/09/12
Jesus. I work 30-40 hours a week. NEVER over 40. I make...
Tan nowag gaping
  06/09/12
tcr. Your salary is absolutely pathetic.
sooty provocative rehab mother
  06/09/12
Ya, but I don't really do anything for that $140k. And I'm ...
Tan nowag gaping
  06/09/12
lawfirm? to be fair, I don't actually plan on using the f...
hyperventilating salmon area
  06/09/12
bigfed
Tan nowag gaping
  06/09/12
flame
Hateful Magenta Boiling Water
  06/12/12
You probably wont have the work to hill more than 1600
curious orchestra pit incel
  06/09/12
why would they be hiring then? I have never heard of a plac...
hyperventilating salmon area
  06/09/12
"slow" is a Biglaw word. 1500 average billables is...
curious orchestra pit incel
  06/09/12
If I can bill 1500 hours and make $180k I would be totally f...
hyperventilating salmon area
  06/09/12
Sounds too good to be true. Are they actually ok with you o...
Talented den legend
  06/09/12
I don't know, but I would be fine with billing 1600 hours an...
hyperventilating salmon area
  06/09/12
would your wife and her handbags and your kids and their pri...
Crimson Space
  06/09/12
wife is more frugal than me and makes about $100k also for a...
hyperventilating salmon area
  06/09/12
Update. Interviewed on Friday. Yes, the policy is actually...
hyperventilating salmon area
  06/11/12
They pay you in Ferengi dollars.
fragrant fanboi ladyboy
  06/13/12
no one has any additional thoughts?
hyperventilating salmon area
  06/11/12
sounds like a good idea though I cant imagine there isn't so...
Crimson Space
  06/11/12
Well, if they are billing me out at about $400, and paying m...
hyperventilating salmon area
  06/11/12
how much do first years get paid?
Crimson Space
  06/11/12
they don't have first years. I think the most junior lawyer...
hyperventilating salmon area
  06/11/12
I have a similar deal, based on hours billed (net of writeof...
Beady-eyed Impertinent Locus
  06/13/12
isn't net of writeoffs the biggest fact in billables versus ...
Crimson Space
  06/13/12
I suppose it depends on the type of business. Where collect...
Beady-eyed Impertinent Locus
  06/13/12
Shifting the risk to the firm is a little risky. but I think...
hyperventilating salmon area
  06/13/12
Sure, I don't doubt that it can be made to work, and certain...
Beady-eyed Impertinent Locus
  06/13/12


Poast new message in this thread



Reply Favorite

Date: June 8th, 2012 11:58 PM
Author: hyperventilating salmon area

I am a 7th year in biglaw making $265k plus whatever shit bonus we will get this year...I am talking with a recruiter about a midlaw job, and below was his response (from the firm) when I asked about compensation. Should I make the switch?

"Someone with your years of experience would likely make about $180,000 base in base salary (for 1600 hours), plus any bonuses earned. To the extent that an attorney bills more than 1600 billable hours on an annual basis, the attorney is entitled to an automatic bonus for each excess hour billed. Currently, the bonus is $180 for each hour billed in excess of 1600 hours up to 1800 hours and $200 for each full hour billed in excess of 1800 hours. For example, an attorney billing 1800 hours would be entitled to an automatic bonus of $36,000 and an attorney billing 2000 hours would be entitled to an automatic bonus of $76,000, bringing the comp to around $256k without any other discretionary or origination bonuses."

Thoughts? In some ways this almost sounds too good to be true....For perspective, this year I am on pace to bill and last year I billed around 2300 hours, so if I billed the same number of hours I would make the same amount at least...but I am pretty sure no one is billing even over 2k at this place.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852551)



Reply Favorite

Date: June 8th, 2012 11:59 PM
Author: mind-boggling primrose faggot firefighter

wow 1600 is so low

do you think you'd have decent partnership prospects?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852557)



Reply Favorite

Date: June 9th, 2012 12:02 AM
Author: hyperventilating salmon area

at my current firm? no real partnership prospects, but I can likely stay as long as I want...

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852569)



Reply Favorite

Date: June 9th, 2012 12:02 AM
Author: mind-boggling primrose faggot firefighter

no i meant the midlaw job

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852575)



Reply Favorite

Date: June 9th, 2012 12:03 AM
Author: hyperventilating salmon area

oh, yeah, although who knows how lucrative that would even be. but yeah, if I built a book of business (which would be much easier I think at midlaw rates) I should be able to make partner.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852584)



Reply Favorite

Date: June 9th, 2012 12:06 AM
Author: mind-boggling primrose faggot firefighter

so if it's not the prospect of making partner, what is it that you find lucrative about this job? good pay/less hours?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852597)



Reply Favorite

Date: June 9th, 2012 12:09 AM
Author: hyperventilating salmon area

good pay and less hours...more reasonable clients...less fire drills. If you have ever billed 2300 hours with biglaw clients you would know what I'm talking about.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852624)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: mind-boggling primrose faggot firefighter

you don't think this midlaw place is saying 1600 because business is so bad right now that there is very little chance you'll get anywhere close to 2000, right

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852637)



Reply Favorite

Date: June 9th, 2012 12:12 AM
Author: hyperventilating salmon area

why in god's name would they be hiring people if business is bad?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852660)



Reply Favorite

Date: June 9th, 2012 12:11 PM
Author: honey-headed bbw

because business might be better in the future. Not all law firms are short-sighted

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853940)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: Crimson Space

is the bonus based on straight billing or collections? if its directly proportionate it might be collections - that can be a problem if you are not in control of collections and shithead partners write off your work.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852640)



Reply Favorite

Date: June 9th, 2012 12:12 AM
Author: magical avocado halford tanning salon



(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852668)



Reply Favorite

Date: June 9th, 2012 12:12 AM
Author: hyperventilating salmon area

I think it is billing...but I am not 100% sure. I definitely know to be wary if it is based on collections.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852669)



Reply Favorite

Date: June 9th, 2012 12:18 AM
Author: Crimson Space

it would not make sense to give you a bonus directly proportionate to billing if it were not tied to collections.

If they collect 2000 from me I should make around $250K all in, but I dont expect that since they are constantly giving little breaks to clients even though write offs are strongly discouraged.

I probably realize around 93% of my billing and that's higher than most firms.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852719)



Reply Favorite

Date: June 9th, 2012 12:20 AM
Author: hyperventilating salmon area

yeah, as I think about it more, that sounds like it might be correct....which would suck...this email from their HR person sure is misleading.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852739)



Reply Favorite

Date: June 9th, 2012 1:39 AM
Author: Sexy black pistol jap

the word billed at least impli8es billed hours after writeoffs, not collections.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853017)



Reply Favorite

Date: June 9th, 2012 4:30 AM
Author: vigorous round eye prole

eat cocks pussy face

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853367)



Reply Favorite

Date: June 12th, 2012 9:34 PM
Author: Razzle claret sanctuary

"if i built a book of business" is as much a pipe dream as "if i wrote a best seller" or some other fantasy. face it: you are a FAIL, hence never will be PARTNER

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20876805)



Reply Favorite

Date: June 9th, 2012 12:08 AM
Author: Crimson Space

what area, this is what you would make at my firm, though the compensation structure is different and lol at billing 1600 on purpose.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852616)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: hyperventilating salmon area

SF Bay Area.

This is supposedly a real live lifestyle firm. Supposedly 1600 hours is 100% ok if that is all you want to do...

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852636)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: mind-boggling primrose faggot firefighter

sounds fishy

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852642)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: Chest-beating Bistre Place Of Business

http://gifura.orzhk.org/src/1332235315120.swf

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852643)



Reply Favorite

Date: June 9th, 2012 12:11 AM
Author: Crimson Space

think of it this way, at your current firm, if you bill 1600, you get $265,000. If you bill 2000, you get $265,000 plus shit bonus.

see above re collections - that can be a fucking pain if you dont control the collections. MIDLAW CLIENT ARE CHEAP!

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852653)



Reply Favorite

Date: June 9th, 2012 12:14 AM
Author: hyperventilating salmon area

But at my current firm if I bill 1600 I probably get laid off pretty soon...so it is either kill myself with work or be slow and get laid off.

At my current firm we are ridiculously busy, so 1600 hours will never happen.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852686)



Reply Favorite

Date: June 9th, 2012 4:26 AM
Author: vigorous round eye prole

penis + anus = unexplored.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853357)



Reply Favorite

Date: June 9th, 2012 12:10 AM
Author: magical avocado halford tanning salon

with such a low base number u have to wonder if there's even enough hours to go around to get you anywhere near 2000. also clients at midlaw firms are incredibly stingy man so don't expect to be block billing 60 hours per month like no big deal to a single matter anymore

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852646)



Reply Favorite

Date: June 9th, 2012 12:16 AM
Author: hyperventilating salmon area

If I made 180k and billed 1600 hours I think I would be happy. ...that is still good money and billing 1600 hours is easy no matter how anal clients are about billing I believe

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852700)



Reply Favorite

Date: June 9th, 2012 12:12 AM
Author: mind-boggling primrose faggot firefighter

they may cut your hours, esp. if they have insurance clients

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852658)



Reply Favorite

Date: June 9th, 2012 12:16 AM
Author: hyperventilating salmon area

no insurance clients. This is corporate and real estate work...and these are supposedly hours billed, not collected.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20852706)



Reply Favorite

Date: June 9th, 2012 3:42 AM
Author: Brindle Foreskin Kitty Cat

Are you in lit? I thought you can get that base as corp going in-house with 5-6 years. So it doesn't seem unreasonable. However, bonus seems too high.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853269)



Reply Favorite

Date: June 9th, 2012 4:01 AM
Author: magical avocado halford tanning salon

the bonus does seem pretty high. in midlaw thats probably like half his billing rate. is the firm really giving doods 50% of their billables, or more if it isn't on a collection basis, as this dood claims?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853290)



Reply Favorite

Date: June 9th, 2012 11:29 AM
Author: hyperventilating salmon area

no, real estate and some corp. those jobs are hard to come by....and at a lot of them you are working just as hard as firm jobs.

bonus does seem high. it probably isn't hours billed....although if that is the case the email about comp was very misleading....like they think I wouldn't eventually ask for clarification

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853797)



Reply Favorite

Date: June 9th, 2012 4:18 AM
Author: vigorous round eye prole

lol it's a setup. DO NOT TAKE THIS JOB UNDER ANY CIRCUMSTANCES.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853324)



Reply Favorite

Date: June 9th, 2012 11:27 AM
Author: hyperventilating salmon area

tell me more

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853793)



Reply Favorite

Date: June 13th, 2012 10:06 AM
Author: fishy national

tcr I dealt with almost this exact situation a year ago. Glad I turned it down

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20879154)



Reply Favorite

Date: June 9th, 2012 11:44 AM
Author: Bearded frozen water buffalo

I would be very skeptical, brother.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853832)



Reply Favorite

Date: June 9th, 2012 11:53 AM
Author: hyperventilating salmon area

yeah, I am....btw, your moniker is awesome

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853868)



Reply Favorite

Date: June 9th, 2012 12:00 PM
Author: swashbuckling sneaky criminal

I work at a firm with a similar setup. As a jr associate , I made 85% of biglaw base salary. There is an 1800 hour "aspirational" goal that gets you a bonus. Every 50 hours above that increases the bonus. It is not $180 per hour, but it is still more than enough to make working more worth it.

I went to this firm straight out of law school, and I've never doubted my decision. People on this site might define it as a boutique due to the size, but its still high end complex work. I have busy periods like anyone else, but I still manage to hit the gym hard, cook for myself, and I almost NEVER work on weekends. I don't even check my email until Monday morning most of the time.

I would go OP. $35,000-50,000 more or whatever it would be in biglaw is NOT worth it. This is an awesome time in your life to make good money because you can enjoy it. $200k+ in a big coast city can be a lot of fun if you actually have time to do stuff.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853894)



Reply Favorite

Date: June 9th, 2012 12:09 PM
Author: hyperventilating salmon area

If I had my weekends and even some of my weekday evenings free that would be a pretty big improvement.

The main draw is that midlaw clients are usually more reasonable. They don't constantly do deals with ridiculous deadlines and overly complex structures....I am getting tired of deals where you get a 20 page term sheet and find out it has to close in 2 weeks.

I don't have expensive tastes. $200k total and 1800 hours and sane clients sounds a lot better than 2300 hours (and a constant pushback to not bill more), $300k total and insane clients.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853926)



Reply Favorite

Date: June 9th, 2012 12:14 PM
Author: Crimson Space

they are reasonable in so far as they dont expect you to start jumping at 9 pm on Friday and never schedule calls on Sunday morning.

however they are less sophisticated, less smart most of the time, and FUCKING CHEAP.

they make it hard to bill 2000 hours. i get a lot of "do this but dont spend more than 3 hours on this"

i billed almost 70 hours this past week, but its been my business week all year. usually i am 9:30 to 7 and no work on the weekends. its a pretty good deal but when your friends in biglaw have slow billing years and get paid 30% more for less work you get pissed.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853952)



Reply Favorite

Date: June 9th, 2012 12:34 PM
Author: hyperventilating salmon area

less smart would be great to a point. It would be fun to seem like a genius rather than constantly feeling average or even below in terms of intelligence and stamina with a bunch of super smart incredibly hard working crazy people.

I don't foresee any slow billing years any time soon, so I don't think I am going to miss out on that.

70 hours is a shit load no matter what. I think this might be even more of a lifestyle firm than where you are at.

But no work on weekend or mostly not late at night would be a huge improvement.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20853997)



Reply Favorite

Date: June 9th, 2012 12:38 PM
Author: Crimson Space

fair warning, when you are taking home $11,000 a month, $9000 feels like something is missing.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854010)



Reply Favorite

Date: June 9th, 2012 12:47 PM
Author: hyperventilating salmon area

really? i thought I wouldn't really notice it much...especially since it would just be savings.

but you never work weekends? like literally never?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854035)



Reply Favorite

Date: June 9th, 2012 12:51 PM
Author: Crimson Space

in the year and a half i've worked here i've come in twice on the weekend and only once I was asked to come in. i probably look at a lease or title report from my couch on Sunday once a month or every 6 weeks.

this week was hell, i closed 2 deals and came close to closing a third. billed 12-14 each day, but that would be normal for closing one deal in biglaw.

i work more than most people. the office is a ghost town at 8 pm.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854058)



Reply Favorite

Date: June 9th, 2012 12:54 PM
Author: hyperventilating salmon area

I am normally in the office from 8:30-6 or 7 and never on weekends...but I work almost every night after I get home and eat, usually late, and average probably 8 hours billed on the weekend.

If I could make $180k-200k and work 8:30-6 and be able to plan weekday nights and weekends without worrying the entire time I would be in heaven.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854069)



Reply Favorite

Date: June 9th, 2012 12:57 PM
Author: Crimson Space

are you married with kids? i prefer not to work from home if i need my computer, slow ass VPN.

i can definitely plan weekday nights. almost never have to cancel on anything, but i usually dont make plans before 8 to be safe.

i dont think showing up an hour earlier would let me leave at 6.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854079)



Reply Favorite

Date: June 9th, 2012 1:02 PM
Author: hyperventilating salmon area

yes, married with kids. I can't be in the office for more than 10 hours generally. I need to go home and have a change of scenery. The internet is fast enough at home.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854095)



Reply Favorite

Date: June 9th, 2012 12:56 PM
Author: Overrated stag film

This sounds like my experience at my biglaw firm. In my 2 years there I've only billed more than 50 hours in a week 5-6 times.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854077)



Reply Favorite

Date: June 9th, 2012 12:58 PM
Author: Crimson Space

i've done more than that in midlaw, but I gun.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854081)



Reply Favorite

Date: June 9th, 2012 1:00 PM
Author: Overrated stag film

Average billables in my group are ~1800, and I billed 2050ish last year, so I am considered to be a bit of a gunner.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854089)



Reply Favorite

Date: June 9th, 2012 1:01 PM
Author: Crimson Space

and you are texas biglaw or some bullshit right?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854094)



Reply Favorite

Date: June 9th, 2012 1:02 PM
Author: Overrated stag film

NYC

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854096)



Reply Favorite

Date: June 9th, 2012 1:03 PM
Author: Crimson Space

oh i got you confused with wishiwerentaposter, he spent $10K on rent and $20K on food last year.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854100)



Reply Favorite

Date: June 9th, 2012 1:04 PM
Author: Overrated stag film

20K on food? how?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854105)



Reply Favorite

Date: June 9th, 2012 1:12 PM
Author: Crimson Space

no idea, look at the rate my finances (pics) thread.

I spend around $12,000 on food and drink, but that includes booze and dating.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854131)



Reply Favorite

Date: June 9th, 2012 1:28 PM
Author: curious orchestra pit incel

How the fuck are you just billing 2050 in NYC Biglaw? Vault range?? I want that.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854193)



Reply Favorite

Date: June 9th, 2012 1:11 PM
Author: sooty provocative rehab mother

lol at $250k being "decent money" in a big city.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854130)



Reply Favorite

Date: June 9th, 2012 6:47 PM
Author: swashbuckling sneaky criminal

(pathetic faggot who determines his level of happiness by salary)

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20855956)



Reply Favorite

Date: June 9th, 2012 1:03 PM
Author: Adventurous pale stage shitlib

i am mad jelly,bro. would you encourage me to apply to law school? waht law school did you go to?



(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854099)



Reply Favorite

Date: June 9th, 2012 1:09 PM
Author: Tan nowag gaping

Jesus.

I work 30-40 hours a week. NEVER over 40. I make about $140/yr.

I have too much free time.

I actually teach a class 3 days a week in the evenings.

I have 2 girlfriends.

When I hear people talk about making biglaw dough, it makes me want to earn more. But the hours and life sound life absolute shit.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854121)



Reply Favorite

Date: June 9th, 2012 1:12 PM
Author: sooty provocative rehab mother

tcr. Your salary is absolutely pathetic.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854134)



Reply Favorite

Date: June 9th, 2012 1:16 PM
Author: Tan nowag gaping

Ya, but I don't really do anything for that $140k. And I'm in a secondary market so I make enough to do whatever.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854158)



Reply Favorite

Date: June 9th, 2012 1:23 PM
Author: hyperventilating salmon area

lawfirm?

to be fair, I don't actually plan on using the free time to just hang out though...I just have side plans that involve work also.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854178)



Reply Favorite

Date: June 9th, 2012 2:51 PM
Author: Tan nowag gaping

bigfed

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854501)



Reply Favorite

Date: June 12th, 2012 10:12 PM
Author: Hateful Magenta Boiling Water

flame

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20877066)



Reply Favorite

Date: June 9th, 2012 1:26 PM
Author: curious orchestra pit incel

You probably wont have the work to hill more than 1600

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854189)



Reply Favorite

Date: June 9th, 2012 1:31 PM
Author: hyperventilating salmon area

why would they be hiring then? I have never heard of a place hiring senior associates because they are slow.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854205)



Reply Favorite

Date: June 9th, 2012 1:39 PM
Author: curious orchestra pit incel

"slow" is a Biglaw word. 1500 average billables isn't slow for midlaw

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854224)



Reply Favorite

Date: June 9th, 2012 1:51 PM
Author: hyperventilating salmon area

If I can bill 1500 hours and make $180k I would be totally fine.

I mostly want to know that if it is a shit show and I end up billing 2k hours then I will be relatively well compensated for it.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854273)



Reply Favorite

Date: June 9th, 2012 2:12 PM
Author: Talented den legend

Sounds too good to be true. Are they actually ok with you only billing 1600? Also, even though they're hiring, this might suggest there isn't a lot of work to be had

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854352)



Reply Favorite

Date: June 9th, 2012 2:40 PM
Author: hyperventilating salmon area

I don't know, but I would be fine with billing 1600 hours and 180k.

It would be really odd for them to hire if they aren't at least busy enough for me to bill 1600 hours...and with the lower billing rates I think I should be able to bring in some business myself.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854467)



Reply Favorite

Date: June 9th, 2012 3:06 PM
Author: Crimson Space

would your wife and her handbags and your kids and their private schools be okay with $180K?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854560)



Reply Favorite

Date: June 9th, 2012 3:16 PM
Author: hyperventilating salmon area

wife is more frugal than me and makes about $100k also for a pretty easy job. kid is in pre-school, but will be going to public school after that...only thing I need money (and time for) are my own business and investment pursuits and maybe a nice vacation a year and some nice 3 day weekends for the 4th, Memorial day and labor day.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20854612)



Reply Favorite

Date: June 11th, 2012 12:56 PM
Author: hyperventilating salmon area

Update. Interviewed on Friday. Yes, the policy is actually based on billed hours by the attorney, not collected hours or even charged hours.

Starting to sound pretty good. Can't figure out what the catch is.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20866902)



Reply Favorite

Date: June 13th, 2012 12:46 AM
Author: fragrant fanboi ladyboy

They pay you in Ferengi dollars.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20878282)



Reply Favorite

Date: June 11th, 2012 6:12 PM
Author: hyperventilating salmon area

no one has any additional thoughts?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20868733)



Reply Favorite

Date: June 11th, 2012 6:18 PM
Author: Crimson Space

sounds like a good idea though I cant imagine there isn't some catch. I dont see how firms can pay directly proportionate to hours billed and not realization.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20868765)



Reply Favorite

Date: June 11th, 2012 6:22 PM
Author: hyperventilating salmon area

Well, if they are billing me out at about $400, and paying me $180, then they would have to take a serious hit on realization before they start losing money...so all they wouldn't be doing is making as much money, which I guess isn't the end of the world for them, especially since for the first 1600 hours they are paying me like $150 an hour including overhead and billing me out at like $400....

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20868797)



Reply Favorite

Date: June 11th, 2012 6:40 PM
Author: Crimson Space

how much do first years get paid?

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20868904)



Reply Favorite

Date: June 11th, 2012 6:43 PM
Author: hyperventilating salmon area

they don't have first years. I think the most junior lawyer is like a 5th year maybe.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20868923)



Reply Favorite

Date: June 13th, 2012 12:31 AM
Author: Beady-eyed Impertinent Locus

I have a similar deal, based on hours billed (net of writeoffs), not collected. There's a clause that says if a client doesn't pay after six months, they can claw some of it back, but I'm told it's never actually happened.

There's still enough profit in the formula that the firm could absorb quite a bit of slow/no-pay clients. Most of the work is recurrent work for large corporate clients, so flaky billing systems notwithstanding, we generally get paid. I can see how this wouldn't be the case for other types of business.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20878197)



Reply Favorite

Date: June 13th, 2012 12:52 AM
Author: Crimson Space

isn't net of writeoffs the biggest fact in billables versus collections?

I am not too concerned about deal beat clients, I am concerned about partners giving clients a break at my expense.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20878317)



Reply Favorite

Date: June 13th, 2012 9:11 AM
Author: Beady-eyed Impertinent Locus

I suppose it depends on the type of business. Where collections are a sure thing, yes, the biggest risk is discounting before the bill is presented. If I were dealing with individuals as clients, I'd be a lot more concerned about collections.

A lot of our stuff tends to be budgeted/capped, which is generally pretty transparent (i.e., everybody knows what the budget is). Outside of that, there isn't a huge incentive for partners to write off time, since that hurts them as well, although sometimes clients demand discounts after the fact.

As you suggest, being comped based on pure billables without any tie-in to efficiency at all would be the sweetest deal for the associate but would involve shifting almost all the financial risk to the firm, so I'd expect it to be rare, though not completely ludicrous.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20879047)



Reply Favorite

Date: June 13th, 2012 9:35 AM
Author: hyperventilating salmon area

Shifting the risk to the firm is a little risky. but I think they are able to do it because 1. They only have experiences lawyers so there isn't going to be any "learning curve" time to write off which is a lot of what we write off at my firm and 2. even if they write off 10% of time on an associate they are still going to make a lot of money and surely won't lose money.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20879086)



Reply Favorite

Date: June 13th, 2012 11:12 AM
Author: Beady-eyed Impertinent Locus

Sure, I don't doubt that it can be made to work, and certainly would help to recruit talent. I just think that given the typical level of greed/risk aversion/shortsightedness of most partners, such arrangements won't be common.

If you've found a place that's enlightened enough to assume most of that risk, and you've kicked the tires enough to be reasonably confident it's not a sham, then consider yourself fortunate.

(http://www.autoadmit.com/thread.php?thread_id=1966831&forum_id=2#20879339)