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Chill solo bro of mine: "I just bill $1000 a day then go home" (3 hours work)
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Date: May 25th, 2018 10:46 AM Author: Heady Bat Shit Crazy Mediation Center He goes to his crossfit gym sometimes twice a day, lives a half mile from his office, goes to 4:30 happy hours all the time, lake house on the weekend. Plays with his kid.
is this the credit solo life? |
Date: May 25th, 2018 10:47 AM Author: Exhilarant mood pit sounds like a gunner (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125338) |
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Date: May 25th, 2018 10:49 AM Author: Ruddy marvelous area I try to bring $1K in fees in per day too. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125347) |
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Date: May 25th, 2018 10:50 AM Author: shaky whorehouse do you normally hit it? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125358) |
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Date: May 25th, 2018 10:59 AM Author: Ruddy marvelous area Yeah. I shoot for $30K in fees per month. So i'll go a couple weeks w nothing, then BAM get $10K, then $4K, then $12K, etc. that's just day to day routine.
Then I'll have a couple monster cases stacked on top that push total fees in the half a million range for the year, if im doing things right.
Again, these cases are mostly FED to me, and Im not fronting any costs. I'm just a salaried guy--and we spend bucketloads on advertising. |
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Date: May 25th, 2018 11:03 AM Author: Ruddy marvelous area Keep in mind, too, you gotta BE THERE when the calls come in. You gotta be In The OFfice doing some Work. You cant just fuck around and stack the settlements. It's not like you have to work at a level 10 40 hours a week, but you have to be doing targeted goal oriented work at some low degree of intensity all the time anyway. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125444) |
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Date: May 25th, 2018 11:05 AM Author: Ruddy marvelous area For example, I had to talk w a doctor at 6 pm last night because that's when he gets off work. So I worked on a trial brief at the office at a relatively low level of intensity for several hours until 6 pm. And then I talked w the doctor. Who wont give me shit on causation. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125452) |
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Date: May 25th, 2018 11:08 AM Author: Ruddy marvelous area PRactice saying this Beckersted, "Well, you need a lawyer. There's no doubt about that. I hope you'll hire me. This is exactly the work I do and im good at it. But in any event, you need to get an attorney. if not me, then get someone." |
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Date: May 25th, 2018 11:13 AM Author: Ruddy marvelous area Also practice asking for LOTS of Money from people. You have to be able to do this on a case w no property damage, a tap to the bumper, and $40K in specials. You have to ask for $100K from a group of people (jury), some of whom are frowning, and you have to do it straight faced and somber as fuck. You have to explain WHY $100K is a reasonable ask. |
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Date: May 25th, 2018 1:30 PM Author: chrome knife wrinkle (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126520) |
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Date: May 25th, 2018 1:31 PM Author: Heady Bat Shit Crazy Mediation Center do you do PI? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126527) |
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Date: May 25th, 2018 12:30 PM Author: Filthy talking doctorate Thread title doesn't say "chill wagecuck kikelaw slave bro" (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126093) |
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Date: May 25th, 2018 10:54 AM Author: Brindle Godawful Menage Useless Brakes so when you subtract out the % of bills that never get paid and the overhead expenses, he's basically poor as fuck (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125375) |
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Date: May 25th, 2018 10:56 AM Author: Seedy Stage Fortuitous Meteor Financially, but not spiritually (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125393) |
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Date: May 25th, 2018 2:30 PM Author: Sooty stead roast beef (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126957) |
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Date: May 25th, 2018 10:58 AM Author: Exhilarant mood pit cr. Average 50% nonpayment of bills, minimum office rent $5K a month, $5K a month to the secretary, $1K to Westlaw, copier rental fees, he is probably paying money to work (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125401) |
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Date: May 25th, 2018 11:08 AM Author: Brindle Godawful Menage Useless Brakes shitlaw secretaries don't make $5K month (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125478) |
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Date: May 25th, 2018 11:14 AM Author: Exhilarant mood pit Payroll taxes, insurance, Obamacare, (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125520) |
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Date: May 25th, 2018 12:08 PM Author: frozen field trust fund they make $40k a year in salary and it's always 100% of salary as additional total cost in terms of benefits, full time healthcare, etc.
We just hired someone for $60k and his total cost to firm is $120k.
There's a reason every Fortune 1000 company outsources to China and Mexico for labor. Even paying the same salary you save 50% from healthcare. |
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Date: May 25th, 2018 12:36 PM Author: Brindle Godawful Menage Useless Brakes where i live they make 30-40K (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126129) |
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Date: May 25th, 2018 12:36 PM Author: kink-friendly wine old irish cottage volcanic crater secretaries who get benefits...? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126131) |
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Date: May 25th, 2018 12:38 PM Author: Brindle Godawful Menage Useless Brakes seriously. shitlaw places with like fewer than 5 attorneys usually don't even offer 401K to the attorneys, let alone the fucking secretaries (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126139) |
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Date: May 25th, 2018 12:37 PM Author: Brindle Godawful Menage Useless Brakes also LOL at shitlaw/solos offering decent healthcare plans to their secretaries. a lot don't offer anything at all. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126135) |
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Date: May 25th, 2018 12:35 PM Author: kink-friendly wine old irish cottage volcanic crater LJL at these numbers. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126123) |
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Date: May 25th, 2018 12:37 PM Author: Exhilarant mood pit cr this is conservative. In a major metro it's double that easily (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126134) |
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Date: May 25th, 2018 12:38 PM Author: kink-friendly wine old irish cottage volcanic crater triple, quadruple even. I have a friend from law school who pays 18k/mo and works out of a converted public restroom. They called them "micro-offices" but you can tell they were just the stalls. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126138) |
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Date: May 25th, 2018 12:41 PM Author: Effete milky jew Yep. And if you're not at a firm you can't negotiate a good rate with westlaw. The best you can do is a $1k a month and you have to have a westlaw terminal in your office. It's $1,500 if you want login credentials that you can use on any device. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126163) |
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Date: May 25th, 2018 12:45 PM Author: Exhilarant mood pit I would pay extra for a terminal tbh (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126182) |
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Date: May 25th, 2018 12:49 PM Author: kink-friendly wine old irish cottage volcanic crater in my jurisdiction the westlaw reps wont even talk to solos. a solo guy I know tried to get a meeting by pretending to work for a mid-sized firm. the westlaw rep reported him to the bar when he found out. I never heard what came of it, so it was probably just a private reprimand or something. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126208) |
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Date: May 25th, 2018 1:00 PM Author: Heady Bat Shit Crazy Mediation Center is this flame? Westlaw absolutely has small firm and solo packages that cost a few hundred bucks a month, and they always negotiate. Lexis is even cheaper (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126291) |
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Date: May 25th, 2018 2:52 PM Author: Exhilarant mood pit Maybe in the 90s. They cut it out after affiliating with solos was tarnishing the westlaw brand. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127105) |
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Date: May 25th, 2018 2:57 PM Author: Heady Bat Shit Crazy Mediation Center ? https://legalsolutions.thomsonreuters.com/law-products/westlaw-legal-research/small-law-firms (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127145) |
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Date: May 25th, 2018 12:39 PM Author: Effete milky jew I know a recently-turned-solo who doesn't have a secretary, pays $2k a month in rent, and maybe a few hundred a month for other office expenses (software, copier, westlaw). (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126149) |
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Date: May 25th, 2018 10:59 AM Author: Talented Painfully Honest Karate Chad cr. unless he is in some unique shitlaw practice where everyone pays 100% of their bill. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125407) |
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Date: May 25th, 2018 11:09 AM Author: Brindle Godawful Menage Useless Brakes the dream! the impossible dream! (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125480) |
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Date: May 25th, 2018 12:38 PM Author: razzle-dazzle cyan stag film can't you just take people to court for nonpayment, etc? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126137) |
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Date: May 25th, 2018 12:39 PM Author: Ruddy marvelous area (guy who likes answering four or five baseless bar complaints per year) (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126150) |
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Date: May 25th, 2018 12:40 PM Author: Brindle Godawful Menage Useless Brakes so you can throw MORE money into the black hole to get a useless piece of paper "money judgment"? and then even MORE money into the black hole to try to garnish them but then they OOPS! switch jobs and you're back to square one with that shit. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126152) |
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Date: May 25th, 2018 12:42 PM Author: Brindle Godawful Menage Useless Brakes and that's IF your state even allows you to do that for unpaid atty fees (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126170) |
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Date: May 25th, 2018 2:25 PM Author: Talented Painfully Honest Karate Chad realistic outcome: you spend a bunch more time and get a piece of paper that says a person owes you money and garnish their pay in very small increments. You also now have an ethics investigation, malpractice suit and higher malpractice insurance premium. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126931) |
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Date: May 25th, 2018 2:53 PM Author: Ruddy marvelous area (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127109) |
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Date: May 25th, 2018 2:54 PM Author: Talented Painfully Honest Karate Chad *files bankruptcy*
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Date: May 25th, 2018 4:14 PM Author: medicated deranged location dingle berry In my firm, realization was about 90%. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127619) |
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Date: May 25th, 2018 10:59 AM Author: Talented Painfully Honest Karate Chad flame (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125404) |
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Date: May 25th, 2018 12:05 PM Author: frozen field trust fund so he's billing ~$250k a year max given holidays/weekends/time off/etc.
Total 2018 Calendar Year Working Days 261
Plus count all his expenses.
He needs to bill $3000 per weekday to make the math work. |
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Date: May 25th, 2018 12:08 PM Author: Mischievous brilliant sanctuary generalized bond yeah at least he'll be able to afford a good lawyer when he gets got for child abuse (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36125956) |
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Date: May 25th, 2018 12:21 PM Author: Heady Bat Shit Crazy Mediation Center what (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126052) |
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Date: May 25th, 2018 12:30 PM Author: frozen field trust fund 1000 * ~250 working days a year is $250k in revenue assuming 100% payment and excluding all costs i.e. rent. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126095) |
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Date: May 25th, 2018 12:55 PM Author: Heady Bat Shit Crazy Mediation Center I get that. but the "make the math work" part?
He works 3 hours a day. He loves it. |
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Date: May 25th, 2018 12:58 PM Author: Exhilarant mood pit I mean it's nice that he has a trust fund but what good is that for the rest of us (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126277) |
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Date: May 25th, 2018 12:58 PM Author: frozen field trust fund I invested in a start-up and their overhead costs is about $300k total and that includes $0 pay to CEO, rent costs, 2 lowly paid employees, one plane ticket and one hotel a month, office supplies, other ad-hoc business costs, etc.
You need to work 9 hours a day and bill $3,000 a weekday to sustain a decent biz.
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Date: May 25th, 2018 12:39 PM Author: Self-centered Senate Antidepressant Drug Solo is absolutely the quality of life job (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126142) |
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Date: May 25th, 2018 12:43 PM Author: Wonderful flushed travel guidebook fat ankles A solo bro of mine says QOL is great but it's not good for retirement planning. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126174) |
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Date: May 25th, 2018 12:45 PM Author: Brindle Godawful Menage Useless Brakes solos don't retire anyway (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126186) |
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Date: May 25th, 2018 12:51 PM Author: Mind-boggling tantric toilet seat Tt retired to Asia (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36126221) |
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Date: May 25th, 2018 10:08 PM Author: medicated deranged location dingle berry What does that mean? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36129481) |
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Date: May 25th, 2018 3:16 PM Author: Sable filthpig seems like flame/BS. nobody bills exactly 3 hrs a day and has steady work that provides exactly 3 hrs a day and never slows down to 0 and never requires longer days. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127248) |
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Date: May 25th, 2018 4:10 PM Author: Exhilarant mood pit T&E. no artificial deadlines, just have to finish before the client croaks (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127592) |
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Date: May 25th, 2018 4:17 PM Author: Heady Bat Shit Crazy Mediation Center he does trusts and estates work. Not a ton of court time and the court stuff he does is mostly non-confrontational easy stuff. (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36127644) |
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Date: May 25th, 2018 7:19 PM Author: vigorous smoky hospital So he's poor? (http://www.autoadmit.com/thread.php?thread_id=3986267&forum_id=2#36128719) |