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Brothers, just brought in some litigation to the firm. About $900k in billables.

Am psyched. Not a litigator, so literally won't lift a fing...
Idiotic Chapel Queen Of The Night
  03/23/17
congrats. what's the origination split between you and litm...
curious ultramarine home pocket flask
  03/23/17
Its a client that I do transactional work for, but not litig...
Idiotic Chapel Queen Of The Night
  03/23/17
you are being overly generous then. If it were a new clie...
curious ultramarine home pocket flask
  03/23/17
I probably am being a little too generous, but that's what w...
Idiotic Chapel Queen Of The Night
  03/23/17
"but after splitting origination with the litigator who...
Copper weed whacker
  03/23/17
Probably wouldn't have gotten it if I hadn't sold the lit pa...
Idiotic Chapel Queen Of The Night
  03/23/17
the problem is that your greedy cunt partner would demand 50...
curious ultramarine home pocket flask
  03/23/17
yeah, we used to be at 66/33....but he is really good at clo...
Idiotic Chapel Queen Of The Night
  03/23/17
i think you did the right thing
Offensive painfully honest center
  03/23/17
180
Appetizing rehab
  03/23/17
should pocket that $900K and file an offer of judgment to se...
concupiscible chad
  03/23/17
don't know what that means, but the damages are $20mm+
Idiotic Chapel Queen Of The Night
  03/23/17
Tons of experts? Your client is getting hosed.
mustard alcoholic international law enforcement agency
  03/23/17
a good number of them.
Idiotic Chapel Queen Of The Night
  03/23/17
Okay then. I hate $5-25 million dollar matters. They cost ...
mustard alcoholic international law enforcement agency
  03/23/17
unngh
boyish onyx meetinghouse mother
  03/23/17
Does the litigator bring you tranny business? 11.1% of overa...
shimmering psychic
  03/23/17
Not really, but I don't really need that much more business....
Idiotic Chapel Queen Of The Night
  03/23/17
Sorry for the bump but just psyched about this. Hoping it w...
Idiotic Chapel Queen Of The Night
  03/23/17
...
pink self-centered coffee pot
  03/23/17
How did you "bring" it to the firm? Tranny client?...
stimulating trailer park
  03/23/17
tranny client. Came from my old firm, but been at current f...
Idiotic Chapel Queen Of The Night
  03/23/17
Is this equity-in-cases policy just a handshake arrangement ...
stimulating trailer park
  03/23/17
formalized. There is a file sheet that shows the split of t...
Idiotic Chapel Queen Of The Night
  03/23/17
Fuck don't know why I assumed you were an associate. Wtf are...
stimulating trailer park
  03/23/17
Not every day I bring in $900k of legal work on one day. I ...
Idiotic Chapel Queen Of The Night
  03/23/17
180
wine brunch quadroon
  03/23/17
Nice
henna beady-eyed crackhouse jap
  03/23/17
Congrats
Startling razzmatazz rigor new version
  03/23/17
Ljl start your own firm faggot. Lol at giving 90% to some ki...
Lilac Orchestra Pit Stain
  03/23/17
(NEET)
mustard alcoholic international law enforcement agency
  03/23/17
and just freestyle a litigation matter with $20mm in damages...
Idiotic Chapel Queen Of The Night
  03/23/17
How big is your firm? How will compensation committee handle...
drab supple theatre
  03/23/17
mid size I get 50% of the origination component, which is...
Idiotic Chapel Queen Of The Night
  03/23/17
Uuunnngghghgh. Congrats brother!
drab supple theatre
  03/23/17
thanks
Idiotic Chapel Queen Of The Night
  03/23/17
Lol at that margin. What a fraud our profession is.
mustard alcoholic international law enforcement agency
  03/23/17
good or bad?
Idiotic Chapel Queen Of The Night
  03/23/17


Poast new message in this thread



Reply Favorite

Date: March 23rd, 2017 2:07 PM
Author: Idiotic Chapel Queen Of The Night

Am psyched. Not a litigator, so literally won't lift a finger, but after splitting origination with the litigator who will manage, will make an extra $100k in 2017.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898449)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: curious ultramarine home pocket flask

congrats. what's the origination split between you and litmo? Is this the only work done for the client?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898459)



Reply Favorite

Date: March 23rd, 2017 2:09 PM
Author: Idiotic Chapel Queen Of The Night

Its a client that I do transactional work for, but not litigation (until now). I'm splitting 50/50.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898473)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: curious ultramarine home pocket flask

you are being overly generous then.

If it were a new client contact of yours where the only thing so far is this lit deal and you need the litigator to bring the client in, then 50/50 is appropriate.

If this is your ongoing client with a matter unrelated to your practice area, you should not have to split origination but the generous thing to do is throw 25% to the litigator.

Without being too greedy you want to keep enough control over origination so that when the client asks the litigator for tax advice, the litigator does not receive any origination for that and you control the split with the tax lawyer (if any).

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898509)



Reply Favorite

Date: March 23rd, 2017 2:16 PM
Author: Idiotic Chapel Queen Of The Night

I probably am being a little too generous, but that's what we agreed to on a previous split. And the lit guy did help bring in the client for lit (I certainly couldn't sell us myself given how little I know about lit).

I would never share origination for anything other than lit.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898540)



Reply Favorite

Date: March 23rd, 2017 2:11 PM
Author: Copper weed whacker

"but after splitting origination with the litigator who will manage"

Should have tapped dat senior associate to handle it.

Could have had $200k.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898483)



Reply Favorite

Date: March 23rd, 2017 2:12 PM
Author: Idiotic Chapel Queen Of The Night

Probably wouldn't have gotten it if I hadn't sold the lit partner. I'd rather give the split and not worry about it anymore.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898495)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: curious ultramarine home pocket flask

the problem is that your greedy cunt partner would demand 50/50 to service a firm's client.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898518)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: Idiotic Chapel Queen Of The Night

yeah, we used to be at 66/33....but he is really good at closing the deal with the client once I make the intro, and is a great lawyer, so I am nice.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898554)



Reply Favorite

Date: March 23rd, 2017 7:05 PM
Author: Offensive painfully honest center

i think you did the right thing

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901023)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: Appetizing rehab

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898456)



Reply Favorite

Date: March 23rd, 2017 2:17 PM
Author: concupiscible chad

should pocket that $900K and file an offer of judgment to settle.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898550)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: Idiotic Chapel Queen Of The Night

don't know what that means, but the damages are $20mm+

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898559)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: mustard alcoholic international law enforcement agency

Tons of experts? Your client is getting hosed.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901152)



Reply Favorite

Date: March 23rd, 2017 7:31 PM
Author: Idiotic Chapel Queen Of The Night

a good number of them.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901237)



Reply Favorite

Date: March 23rd, 2017 7:33 PM
Author: mustard alcoholic international law enforcement agency

Okay then. I hate $5-25 million dollar matters. They cost the same as $100 million.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901273)



Reply Favorite

Date: March 23rd, 2017 2:19 PM
Author: boyish onyx meetinghouse mother

unngh

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898571)



Reply Favorite

Date: March 23rd, 2017 2:20 PM
Author: shimmering psychic

Does the litigator bring you tranny business? 11.1% of overall billables sounds like a fucking ripoff.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898581)



Reply Favorite

Date: March 23rd, 2017 2:22 PM
Author: Idiotic Chapel Queen Of The Night

Not really, but I don't really need that much more business.

Yes, I agree....people complain in the my firm about how lit mo's ride trannies, but they are all really good lawyers, so somehow we put up with it.

Best you can hope for is 23-24% in my firm, so not working with much.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898600)



Reply Favorite

Date: March 23rd, 2017 6:41 PM
Author: Idiotic Chapel Queen Of The Night

Sorry for the bump but just psyched about this. Hoping it will be even more than $900k (assuming we win)....and they do a great job that leads to more work....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900809)



Reply Favorite

Date: March 23rd, 2017 8:08 PM
Author: pink self-centered coffee pot



(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901566)



Reply Favorite

Date: March 23rd, 2017 6:54 PM
Author: stimulating trailer park

How did you "bring" it to the firm? Tranny client? Did u meet the client at your current or a former firm (if you have a former firm)?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900907)



Reply Favorite

Date: March 23rd, 2017 6:55 PM
Author: Idiotic Chapel Queen Of The Night

tranny client. Came from my old firm, but been at current firm for 4+ years and they have been with me.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900921)



Reply Favorite

Date: March 23rd, 2017 7:01 PM
Author: stimulating trailer park

Is this equity-in-cases policy just a handshake arrangement or formalized

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900987)



Reply Favorite

Date: March 23rd, 2017 7:12 PM
Author: Idiotic Chapel Queen Of The Night

formalized. There is a file sheet that shows the split of the origination credit for when the accounting manager calculates PPP splits.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901079)



Reply Favorite

Date: March 23rd, 2017 7:14 PM
Author: stimulating trailer park

Fuck don't know why I assumed you were an associate. Wtf are bragging about if ur a partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901098)



Reply Favorite

Date: March 23rd, 2017 7:30 PM
Author: Idiotic Chapel Queen Of The Night

Not every day I bring in $900k of legal work on one day. I am happy if I bring that much in in one year.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901234)



Reply Favorite

Date: March 23rd, 2017 7:02 PM
Author: wine brunch quadroon

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900998)



Reply Favorite

Date: March 23rd, 2017 7:04 PM
Author: henna beady-eyed crackhouse jap

Nice

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901016)



Reply Favorite

Date: March 23rd, 2017 7:06 PM
Author: Startling razzmatazz rigor new version

Congrats

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901035)



Reply Favorite

Date: March 23rd, 2017 7:18 PM
Author: Lilac Orchestra Pit Stain

Ljl start your own firm faggot. Lol at giving 90% to some kike partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901121)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: mustard alcoholic international law enforcement agency

(NEET)

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901158)



Reply Favorite

Date: March 23rd, 2017 7:32 PM
Author: Idiotic Chapel Queen Of The Night

and just freestyle a litigation matter with $20mm in damages at stake on my own with no litigation skills? TBF, I own some of the firm, just not the whole thing....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901251)



Reply Favorite

Date: March 23rd, 2017 8:17 PM
Author: drab supple theatre

How big is your firm? How will compensation committee handle? What is general split between billables worked and billables originated ?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901661)



Reply Favorite

Date: March 23rd, 2017 8:19 PM
Author: Idiotic Chapel Queen Of The Night

mid size

I get 50% of the origination component, which is about about 24% of revenue (so about 12%)

about 46% of revenue goes to the equity partners doing the work

about 30% of revenue goes to overhead

No compensation committee. Its all just percentages.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901681)



Reply Favorite

Date: March 23rd, 2017 8:22 PM
Author: drab supple theatre

Uuunnngghghgh. Congrats brother!

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901710)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: Idiotic Chapel Queen Of The Night

thanks

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901774)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: mustard alcoholic international law enforcement agency

Lol at that margin. What a fraud our profession is.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901773)



Reply Favorite

Date: March 23rd, 2017 8:32 PM
Author: Idiotic Chapel Queen Of The Night

good or bad?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901785)