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Closing out books on first year of solo practice - lost two grand

almost to the penny. This doesn't count over $10,000 which I...
autistic sinister senate pisswyrm
  12/29/17
what did you pay yourself?
Talented Submissive Field
  12/29/17
$0, this is not some accounting scam whereby I make it look ...
autistic sinister senate pisswyrm
  12/29/17
1. what kind of practice areas do you do? 2. mostly cont...
Talented Submissive Field
  12/29/17
Employment contingency, mostly but not exclusively. I ended ...
autistic sinister senate pisswyrm
  12/29/17
number of files - about 30. But some of those are matters w...
autistic sinister senate pisswyrm
  12/29/17
explain how your marketing plan should have been
Talented Submissive Field
  12/29/17
just simple stuff, have the website already up, the blog art...
autistic sinister senate pisswyrm
  12/29/17
had lunch with a solo buddy last week. He gets majority of h...
Talented Submissive Field
  12/29/17
I do get some referrals, but this is another area where bein...
autistic sinister senate pisswyrm
  12/29/17
networking with other professionals who come into contact wi...
brindle misanthropic messiness chapel
  12/29/17
Bro if you get any PI referrals will you send them to us
bonkers light hall
  12/29/17
will you pay me a referral? do you handle workers comp claim...
brindle misanthropic messiness chapel
  12/29/17
Of course we will pay you a referral. I think we're undecid...
bonkers light hall
  12/29/17
i have very little exposure to PI or workers comp. a few a y...
brindle misanthropic messiness chapel
  12/29/17
One incredible PI case can make all of us millionaires.
bonkers light hall
  12/29/17
How did you get your cases?
bonkers light hall
  12/29/17
some online advertising, some referrals. Recently an older l...
autistic sinister senate pisswyrm
  12/29/17
i'd pay 2k to not have a boss
aqua school cafeteria
  12/29/17
...
painfully honest outnumbered nowag mother
  12/29/17
What are your loss leaders? How to sharpen for the next yea...
Crimson church building kitty cat
  12/29/17
...
painfully honest outnumbered nowag mother
  12/29/17
Yeah I was actually surprised when I ran the numbers, it fee...
autistic sinister senate pisswyrm
  12/29/17
Attaboy. Nice work. I know, the whole $300 per hour th...
Crimson church building kitty cat
  12/29/17
terrified of state court, terrified of criminal law.
autistic sinister senate pisswyrm
  12/29/17
you can do it.
painfully honest outnumbered nowag mother
  12/29/17
DUIs are perfect guinea pigs for you, man.
Crimson church building kitty cat
  12/29/17
State court should be your best friend as P's attorney. Gott...
Thriller location scourge upon the earth
  12/29/17
...
arrogant hospital
  12/29/17
Why would you be scared of state court?
bonkers light hall
  12/29/17
I have never practiced in my home state's court. I literally...
autistic sinister senate pisswyrm
  12/29/17
You'd be amazed at what they will let you get away with not ...
arrogant hospital
  12/29/17
do they have online filings system in your county? If so...
Talented Submissive Field
  12/29/17
state court is great man.
Talented Submissive Field
  12/29/17
I'm not even a lawyer and I know that these are two things y...
Cerebral Puppy Gunner
  07/13/18
Startup loses money in first year, news at 11
azure wonderful hunting ground coffee pot
  12/29/17
Yeah but not that much. Kind of wish I could afford such a...
Crimson church building kitty cat
  12/29/17
My goal for this year was zero, so I'm not that far behind. ...
autistic sinister senate pisswyrm
  12/29/17
damn, I was starting to think from other poasters that every...
hairless know-it-all rehab elastic band
  12/29/17
not flame watching TT make it was one reason I thought I cou...
autistic sinister senate pisswyrm
  12/29/17
he also practices in california
snowy office headpube
  12/29/17
This has a lot to do with it. I changed from a defense couns...
autistic sinister senate pisswyrm
  12/29/17
What's the hype with PI law and Cali? Still don't get it
Harsh roast beef stead
  12/30/17
...
Harsh roast beef stead
  12/30/17
MODS!
Mind-boggling drab legend
  12/30/17
Yeah, you don't. You especially don't if it is in any way c...
Crimson church building kitty cat
  12/29/17
What is the size of your household?
big black set pocket flask
  12/29/17
2300 sq ft, give or take
autistic sinister senate pisswyrm
  12/29/17
Did you get any clients?
bonkers light hall
  12/29/17
"getting" clients is laughably easy in contingency...
autistic sinister senate pisswyrm
  12/29/17
Did you advertise? If Kenny and I bring in no income next y...
bonkers light hall
  12/29/17
so cal is a nice place to be homeless.
autistic sinister senate pisswyrm
  12/29/17
monthly overhead? fees earned? practice areas?
Beady-eyed center
  12/29/17
Monthly overhead, setting aside case expenses, is about $110...
autistic sinister senate pisswyrm
  12/29/17
you should be on cash accounting you lost $12,000, not $2,0...
onyx 180 circlehead hell
  12/29/17
I'm just telling you what quickbooks tells me
autistic sinister senate pisswyrm
  12/29/17
Brother, let me know if I can help with general advice on ma...
violent heaven
  12/29/17
thanks brother you can take it down. actually email bounc...
autistic sinister senate pisswyrm
  12/29/17
180
Talented Submissive Field
  12/29/17
180
Yellow Bespoke Base
  12/29/17
180
bonkers light hall
  12/29/17
Really 180 what xo is becoming
Wine national
  12/29/17
...
painfully honest outnumbered nowag mother
  12/29/17
...
maize affirmative action
  12/29/17
...
talking disrespectful menage
  12/29/17
...
brindle misanthropic messiness chapel
  12/29/17
i lost a lot more than that my first year, and didn't pay my...
brindle misanthropic messiness chapel
  12/29/17
How did you survive in the meantime
bonkers light hall
  12/29/17
substantial savings and wife's income
brindle misanthropic messiness chapel
  12/29/17
also, my practice area has higher overhead than yours, so it...
brindle misanthropic messiness chapel
  12/29/17
Our expenses will be incredibly low. 100 for our virtual ...
bonkers light hall
  12/29/17
my overhead right now runs about $15K per month
brindle misanthropic messiness chapel
  12/29/17
Jesus Christ We should get lunch or a few beers sometime...
bonkers light hall
  12/29/17
that'd be cool, yeah. so are you actually doing it? going so...
brindle misanthropic messiness chapel
  12/29/17
Not solo. Starting a firm with Kenny and CSLG.
bonkers light hall
  12/29/17
just read one of the other threads. 180, that's awesome.
brindle misanthropic messiness chapel
  12/29/17
U can trust me too man. I'm a mod btw.
bonkers light hall
  12/29/17
GET. MONEY. BRO.
painfully honest outnumbered nowag mother
  12/29/17
Damn, that's higher than my overhead. What are you spending ...
violet impertinent dingle berry
  12/29/17
took profits from first bitcoin bubble
Khaki corner
  12/29/17
If you're doing mostly contingency, that's not bad at all. I...
Rebellious gay institution
  12/29/17
I would love to have a few hourly cases just to pay for expe...
autistic sinister senate pisswyrm
  12/29/17
network with other lawyers. my area is similar - lots of emp...
brindle misanthropic messiness chapel
  12/29/17
I see. I have a friend who went solo. One of the things he d...
Rebellious gay institution
  12/29/17
that is fucking brilliant
autistic sinister senate pisswyrm
  12/29/17
He's smart and extremely ballsy. He went in to the interview...
Rebellious gay institution
  12/29/17
What did you do for health insurance?
turquoise ratface
  12/29/17
wife
autistic sinister senate pisswyrm
  12/29/17
I'll have to get my own health insurance fuck my ass
bonkers light hall
  12/29/17
As a former solo, I share your pain and wish you all the bes...
Motley home
  12/30/17
ty, what do you do now? I'm not in "pain" btw I co...
autistic sinister senate pisswyrm
  12/30/17
Updates?
gold lascivious casino
  07/12/18
we gonna maek it. I'll check QB tomorrow but I'm guessing 40...
autistic sinister senate pisswyrm
  07/12/18
Nice man. Sorry if you posted already but what was your pre ...
gold lascivious casino
  07/12/18
Yeah pretty standard.
autistic sinister senate pisswyrm
  07/12/18
180. what kind of cases do you do now
Mind-boggling drab legend
  07/12/18
u are 100% gonna maek it. dassit. don't equivocate. say i...
Idiotic cerise volcanic crater area
  07/12/18
180
Low-t Aggressive House Newt
  07/12/18
Just checked - $45K YTD. I also have about $20-25K in fees f...
autistic sinister senate pisswyrm
  07/13/18
I live my life a quarter mile at a time.
embarrassed to the bone useless resort organic girlfriend
  07/12/18
Nothing else matters: not the mortgage, not the store, not m...
embarrassed to the bone useless resort organic girlfriend
  07/12/18
you should have tried it straight out of law school during t...
orange meetinghouse
  07/12/18


Poast new message in this thread



Reply Favorite

Date: December 29th, 2017 12:00 PM
Author: autistic sinister senate pisswyrm

almost to the penny. This doesn't count over $10,000 which I have in advanced client costs, which don't show on the books as "losses" because they're technically recoverable.

Taking q's.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034292)



Reply Favorite

Date: December 29th, 2017 12:01 PM
Author: Talented Submissive Field

what did you pay yourself?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034300)



Reply Favorite

Date: December 29th, 2017 12:04 PM
Author: autistic sinister senate pisswyrm

$0, this is not some accounting scam whereby I make it look like I lost money for tax purposes. I literally took in less money than I spent.

I should add that it's not really a full year, but pretty close.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034323)



Reply Favorite

Date: December 29th, 2017 12:09 PM
Author: Talented Submissive Field

1. what kind of practice areas do you do?

2. mostly contingency or hourly?

3. How many files did you take on this year?

4. Any lessons on this you care to tell us?



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034349)



Reply Favorite

Date: December 29th, 2017 12:13 PM
Author: autistic sinister senate pisswyrm

Employment contingency, mostly but not exclusively. I ended up making little on my few hourly cases because lazy opposing counsel didn't push their cases, meaning I couldn't bill anything.

Advice would be to prep more than I did. I didn't buy a computer, have a logo made, or order business cards, until *after* I had already given notice at my job. That was a big mistake - better to do all that while still on someone else's dime. I think I was also too cheap upfront. I should have had marketing ready to go full throttle on day one, and not sweat a couple hundred bucks here or there.

That being said, I psychologically needed some time off. So those incredibly quiet first couple of months were bad from a business perspective but probably necessary in a more personal sense.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034379)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: autistic sinister senate pisswyrm

number of files - about 30. But some of those are matters with two hours in them, worth a couple hundred bucks; some are class actions. The number of files doesn't tell you much.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034426)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: Talented Submissive Field

explain how your marketing plan should have been

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034453)



Reply Favorite

Date: December 29th, 2017 12:22 PM
Author: autistic sinister senate pisswyrm

just simple stuff, have the website already up, the blog articles written, business cards already printed. Nothing like radio ads or billboards.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034473)



Reply Favorite

Date: December 29th, 2017 12:26 PM
Author: Talented Submissive Field

had lunch with a solo buddy last week. He gets majority of his clients from his lawyer friends who don't handle his sort of law.

Have you been networking at lawyer events a lot?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034514)



Reply Favorite

Date: December 29th, 2017 12:28 PM
Author: autistic sinister senate pisswyrm

I do get some referrals, but this is another area where being in biglaw put me behind the 8 ball. I had a "national" practice not a local one.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034541)



Reply Favorite

Date: December 29th, 2017 12:35 PM
Author: brindle misanthropic messiness chapel

networking with other professionals who come into contact with people who may be your clients is huge. at first, you will be the one sending them business, but it will come back. also, this is basic, but if you don't have any business to send at first, try to make strategic introductions between people who can benefit each other - they will remember you as the person who connected them, and it bolsters your reputation with both.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034584)



Reply Favorite

Date: December 29th, 2017 12:36 PM
Author: bonkers light hall

Bro if you get any PI referrals will you send them to us

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034592)



Reply Favorite

Date: December 29th, 2017 12:38 PM
Author: brindle misanthropic messiness chapel

will you pay me a referral? do you handle workers comp claims?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034602)



Reply Favorite

Date: December 29th, 2017 12:42 PM
Author: bonkers light hall

Of course we will pay you a referral. I think we're undecided on workers compensation right now but having discussions about it. How many of those do you get?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034644)



Reply Favorite

Date: December 29th, 2017 12:45 PM
Author: brindle misanthropic messiness chapel

i have very little exposure to PI or workers comp. a few a year maybe.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034659)



Reply Favorite

Date: December 29th, 2017 12:47 PM
Author: bonkers light hall

One incredible PI case can make all of us millionaires.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034677)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: bonkers light hall

How did you get your cases?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034455)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: autistic sinister senate pisswyrm

some online advertising, some referrals. Recently an older lawyer who practices in a related area has started sending me lots of cases to go 50-50 on.

you should be extremely grateful for the CSLG pipeline. Makes your life 10x easier

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034913)



Reply Favorite

Date: December 29th, 2017 12:06 PM
Author: aqua school cafeteria

i'd pay 2k to not have a boss

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034331)



Reply Favorite

Date: December 29th, 2017 12:28 PM
Author: painfully honest outnumbered nowag mother



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034535)



Reply Favorite

Date: December 29th, 2017 12:06 PM
Author: Crimson church building kitty cat

What are your loss leaders? How to sharpen for the next year? BTW, I think that's a pretty good outcome for the first year solo.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034336)



Reply Favorite

Date: December 29th, 2017 12:07 PM
Author: painfully honest outnumbered nowag mother



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034337)



Reply Favorite

Date: December 29th, 2017 12:10 PM
Author: autistic sinister senate pisswyrm

Yeah I was actually surprised when I ran the numbers, it feels worse than that. I think I was overconfident going in about how easy it would be to make money; biglaw warps your mind into thinking "of course people will line up to pay $300 an hour for my services, that's a stone cold bargain!"

I didn't do any loss leaders, in retrospect I wish I had dabbled in consumer bankruptcy. One or two cases a month would've been nice, especially in the first couple of months.



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034351)



Reply Favorite

Date: December 29th, 2017 12:11 PM
Author: Crimson church building kitty cat

Attaboy. Nice work.

I know, the whole $300 per hour thing only works when its OPM.

Do a couple DUIs to ramp things up a bit. There are standard ways to treat them--it's routine as all fuck.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034367)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: autistic sinister senate pisswyrm

terrified of state court, terrified of criminal law.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034389)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: painfully honest outnumbered nowag mother

you can do it.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034401)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: Crimson church building kitty cat

DUIs are perfect guinea pigs for you, man.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034417)



Reply Favorite

Date: December 29th, 2017 12:17 PM
Author: Thriller location scourge upon the earth

State court should be your best friend as P's attorney. Gotta get over that.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034433)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: arrogant hospital



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034487)



Reply Favorite

Date: December 29th, 2017 12:19 PM
Author: bonkers light hall

Why would you be scared of state court?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034439)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: autistic sinister senate pisswyrm

I have never practiced in my home state's court. I literally don't know how it works and I'm embarrassed to ask. There is some degree of foolish pride.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034466)



Reply Favorite

Date: December 29th, 2017 12:24 PM
Author: arrogant hospital

You'd be amazed at what they will let you get away with not knowing

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034488)



Reply Favorite

Date: December 29th, 2017 12:30 PM
Author: Talented Submissive Field

do they have online filings system in your county?

If so, look up some case filings from prominent attorneys in your practice area. Pull up their pleadings, MSJs, orders, etc, should give you a good idea of what they do. Most of them won't be that different from the federal stuff, honestly. Hell, go sit in court on motion days and just observe.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034560)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: Talented Submissive Field

state court is great man.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034463)



Reply Favorite

Date: July 13th, 2018 12:04 AM
Author: Cerebral Puppy Gunner

I'm not even a lawyer and I know that these are two things you should NOT be nervous about

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416761)



Reply Favorite

Date: December 29th, 2017 12:13 PM
Author: azure wonderful hunting ground coffee pot

Startup loses money in first year, news at 11

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034378)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: Crimson church building kitty cat

Yeah but not that much.

Kind of wish I could afford such an experiment. But I'd have to have a trust fund or something.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034399)



Reply Favorite

Date: December 29th, 2017 12:30 PM
Author: autistic sinister senate pisswyrm

My goal for this year was zero, so I'm not that far behind. I did think there would be more expenses, and more income. So I was close to zero, but not how I expected to reach it.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034556)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: hairless know-it-all rehab elastic band

damn, I was starting to think from other poasters that everyone makes 6 figures easy their first year solo

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034388)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: autistic sinister senate pisswyrm

not flame watching TT make it was one reason I thought I could do this. He is the laziest and worst lawyer in history yet claims to make $200K a year working from Thailand

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034402)



Reply Favorite

Date: December 29th, 2017 12:55 PM
Author: snowy office headpube

he also practices in california

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034748)



Reply Favorite

Date: December 29th, 2017 12:58 PM
Author: autistic sinister senate pisswyrm

This has a lot to do with it. I changed from a defense counsel in a blue state to a plaintiffs' counsel in a red state, and the difference in how cases are valued is just shocking. I knew that would be true to some extent but I deeply underestimated the degree.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034764)



Reply Favorite

Date: December 30th, 2017 1:17 AM
Author: Harsh roast beef stead

What's the hype with PI law and Cali? Still don't get it

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040181)



Reply Favorite

Date: December 30th, 2017 1:35 AM
Author: Harsh roast beef stead



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040303)



Reply Favorite

Date: December 30th, 2017 1:20 AM
Author: Mind-boggling drab legend

MODS!

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040208)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: Crimson church building kitty cat

Yeah, you don't. You especially don't if it is in any way conditioned on clients getting your bills in the mail for services already performed and paying them (lol).

Any sort of solo practice along those lines just isn't going to function without a lot of other stuff to balance it out.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034406)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: big black set pocket flask

What is the size of your household?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034405)



Reply Favorite

Date: December 29th, 2017 12:17 PM
Author: autistic sinister senate pisswyrm

2300 sq ft, give or take

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034429)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: bonkers light hall

Did you get any clients?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034410)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: autistic sinister senate pisswyrm

"getting" clients is laughably easy in contingency practices, which is something I didn't really understand. I've literally never had a client who I wanted to sign up, refuse to sign up.

It's the opposite, I spend more time turning people down. One of the worst parts of the solo life is listening to people who have no case. Many of these people will vociferously argue with you, beg, cry. It can be a real time suck and again is something that biglaw didn't prepare me for.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034452)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: bonkers light hall

Did you advertise? If Kenny and I bring in no income next year I'll be homeless.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034460)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: autistic sinister senate pisswyrm

so cal is a nice place to be homeless.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034481)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: Beady-eyed center

monthly overhead?

fees earned? practice areas?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034425)



Reply Favorite

Date: December 29th, 2017 12:26 PM
Author: autistic sinister senate pisswyrm

Monthly overhead, setting aside case expenses, is about $1100-1200. $800 for rent, $150 for telephone/fax, plus WL fees, random office supplies.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034511)



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Date: December 29th, 2017 12:20 PM
Author: onyx 180 circlehead hell

you should be on cash accounting

you lost $12,000, not $2,000

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034446)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: autistic sinister senate pisswyrm

I'm just telling you what quickbooks tells me

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034476)



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Date: December 29th, 2017 12:29 PM
Author: violent heaven

Brother, let me know if I can help with general advice on marketing/getting clients/running a practice/etc. I am a solo in a different practice area but I'm happy to help any other XOers who want to take this journey. I made a little over $100k in profit my first year and will probably make about $220k in profit this year (adding back in my salary and the cost of my health insurance). I'm no CSLG but if I can help, let me know.

martinprincexo@yandex.com

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034547)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: autistic sinister senate pisswyrm

thanks brother you can take it down.

actually email bounced back. wtf are you using a Russian website

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034565)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: Talented Submissive Field

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034568)



Reply Favorite

Date: December 29th, 2017 12:37 PM
Author: Yellow Bespoke Base

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034599)



Reply Favorite

Date: December 29th, 2017 12:43 PM
Author: bonkers light hall

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034645)



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Date: December 29th, 2017 12:53 PM
Author: Wine national

Really 180 what xo is becoming

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034725)



Reply Favorite

Date: December 29th, 2017 1:02 PM
Author: painfully honest outnumbered nowag mother



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034780)



Reply Favorite

Date: December 29th, 2017 1:05 PM
Author: maize affirmative action



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034804)



Reply Favorite

Date: December 29th, 2017 1:09 PM
Author: talking disrespectful menage



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034840)



Reply Favorite

Date: December 29th, 2017 1:16 PM
Author: brindle misanthropic messiness chapel



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034919)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: brindle misanthropic messiness chapel

i lost a lot more than that my first year, and didn't pay myself. year two was better, and i was able to take a mediocre salary. year three is when things really started working. talking with other solos (and really any startup small business), this is a common experience.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034566)



Reply Favorite

Date: December 29th, 2017 12:37 PM
Author: bonkers light hall

How did you survive in the meantime

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034600)



Reply Favorite

Date: December 29th, 2017 12:38 PM
Author: brindle misanthropic messiness chapel

substantial savings and wife's income

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034605)



Reply Favorite

Date: December 29th, 2017 12:40 PM
Author: brindle misanthropic messiness chapel

also, my practice area has higher overhead than yours, so it will be easier in the beginning on the expense side for you.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034615)



Reply Favorite

Date: December 29th, 2017 12:42 PM
Author: bonkers light hall

Our expenses will be incredibly low.

100 for our virtual office

Malpractice Insurance costs

Filing fees (we will get a lot of fee waivers)

Service of process fees

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034638)



Reply Favorite

Date: December 29th, 2017 12:45 PM
Author: brindle misanthropic messiness chapel

my overhead right now runs about $15K per month

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034662)



Reply Favorite

Date: December 29th, 2017 12:47 PM
Author: bonkers light hall

Jesus Christ

We should get lunch or a few beers sometime

Hit me up at zozohthchandler@gmail.com

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034683)



Reply Favorite

Date: December 29th, 2017 12:56 PM
Author: brindle misanthropic messiness chapel

that'd be cool, yeah. so are you actually doing it? going solo?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034752)



Reply Favorite

Date: December 29th, 2017 12:59 PM
Author: bonkers light hall

Not solo. Starting a firm with Kenny and CSLG.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034770)



Reply Favorite

Date: December 29th, 2017 1:00 PM
Author: brindle misanthropic messiness chapel

just read one of the other threads. 180, that's awesome.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034778)



Reply Favorite

Date: December 29th, 2017 1:02 PM
Author: bonkers light hall

U can trust me too man. I'm a mod btw.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034784)



Reply Favorite

Date: December 29th, 2017 1:17 PM
Author: painfully honest outnumbered nowag mother

GET.

MONEY.

BRO.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034933)



Reply Favorite

Date: December 29th, 2017 1:52 PM
Author: violet impertinent dingle berry

Damn, that's higher than my overhead. What are you spending all that money on?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35035252)



Reply Favorite

Date: December 29th, 2017 12:41 PM
Author: Khaki corner

took profits from first bitcoin bubble

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034633)



Reply Favorite

Date: December 29th, 2017 12:46 PM
Author: Rebellious gay institution

If you're doing mostly contingency, that's not bad at all. I'm sure money will start rolling in from settlements in year 2-3. Those happy clients will refer you some more employment contingency cases (those types probably travel in the same circles). Have you talked to your local chamber of commerce or the local orgs in the area (Rotary club etc.)? Do you do employment defense work too?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034672)



Reply Favorite

Date: December 29th, 2017 12:49 PM
Author: autistic sinister senate pisswyrm

I would love to have a few hourly cases just to pay for expenses. But this area is saturated with employment defense attorneys, with very few employment plaintiff specialists. From what I can tell most plaintiff-side cases are brought by PI attorneys or generalists who are just trying out something on a lark. So there's more of an open market niche on the plaintiff side.

edit: also I've given a couple of speeches to HR groups and have not even gotten a single phone call out of them.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034697)



Reply Favorite

Date: December 29th, 2017 12:55 PM
Author: brindle misanthropic messiness chapel

network with other lawyers. my area is similar - lots of employment defense attorneys, few employment plaintiffs attorneys. if you get known as an employment plaintiffs attorney you will get sent clients simply because you do plaintiffs work.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034747)



Reply Favorite

Date: December 29th, 2017 12:58 PM
Author: Rebellious gay institution

I see. I have a friend who went solo. One of the things he did to snag a nice small to mid-size business as a client was look through ads for general counsels where the company would be hiring its first attorney. He applied for the position and met with a company and explained why they'd be wasting money on a full-time gc and gave them a flat-fee deal ($6k a month to his solo firm, not including litigation for which they'd pay extra).

There are companies out there that are "in-betweeners" (too big not to have dedicated legal work but still too small be a sophisticated shopper for legal services). They need someone to map out a strategy for tackling the legal work. Too often they've been burned by expensive biglaw and midlaw firms. This client now pays his monthly bills and gives him a small base salary. I thought the way he snagged this client was pretty ingenious.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034765)



Reply Favorite

Date: December 29th, 2017 12:59 PM
Author: autistic sinister senate pisswyrm

that is fucking brilliant

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034769)



Reply Favorite

Date: December 29th, 2017 1:04 PM
Author: Rebellious gay institution

He's smart and extremely ballsy. He went in to the interview with what was basically a financial presentation. They loved it. He's ex-biglaw too so he was able to sympathize with the bs they'd probably been through with expensive biglaw and even boutique firms.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034797)



Reply Favorite

Date: December 29th, 2017 1:08 PM
Author: turquoise ratface

What did you do for health insurance?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034827)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: autistic sinister senate pisswyrm

wife

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034904)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: bonkers light hall

I'll have to get my own health insurance fuck my ass

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034911)



Reply Favorite

Date: December 30th, 2017 7:09 AM
Author: Motley home

As a former solo, I share your pain and wish you all the best.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35041187)



Reply Favorite

Date: December 30th, 2017 11:56 AM
Author: autistic sinister senate pisswyrm

ty, what do you do now? I'm not in "pain" btw I could live off biglaw savings & wife for literally years. That is the one part of biglaw I look fondly on.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35042161)



Reply Favorite

Date: July 12th, 2018 8:04 PM
Author: gold lascivious casino

Updates?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36414965)



Reply Favorite

Date: July 12th, 2018 10:32 PM
Author: autistic sinister senate pisswyrm

we gonna maek it. I'll check QB tomorrow but I'm guessing 40-50K in proft for first 6 months of 2018

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416231)



Reply Favorite

Date: July 12th, 2018 10:45 PM
Author: gold lascivious casino

Nice man. Sorry if you posted already but what was your pre solo experience . Biglaw lit?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416344)



Reply Favorite

Date: July 12th, 2018 11:28 PM
Author: autistic sinister senate pisswyrm

Yeah pretty standard.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416614)



Reply Favorite

Date: July 12th, 2018 11:56 PM
Author: Mind-boggling drab legend

180.

what kind of cases do you do now

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416743)



Reply Favorite

Date: July 12th, 2018 10:47 PM
Author: Idiotic cerise volcanic crater area

u are 100% gonna maek it. dassit. don't equivocate. say it three times in the morning and at night.

IMMA MAEK IT

IMMA MAEK IT

I MAED IT!

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416362)



Reply Favorite

Date: July 12th, 2018 11:29 PM
Author: Low-t Aggressive House Newt

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416619)



Reply Favorite

Date: July 13th, 2018 11:03 AM
Author: autistic sinister senate pisswyrm

Just checked - $45K YTD. I also have about $20-25K in fees for settlements where I'm waiting for the check to come in, although those might take a month or two.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36418304)



Reply Favorite

Date: July 12th, 2018 8:15 PM
Author: embarrassed to the bone useless resort organic girlfriend

I live my life a quarter mile at a time.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36415016)



Reply Favorite

Date: July 12th, 2018 11:46 PM
Author: embarrassed to the bone useless resort organic girlfriend

Nothing else matters: not the mortgage, not the store, not my team and all their bullsh*t. For those ten seconds or less, I'm free.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416699)



Reply Favorite

Date: July 12th, 2018 11:32 PM
Author: orange meetinghouse

you should have tried it straight out of law school during the great recession

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416638)