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Curious what is involved with lateraling as a partner financially from a nuts/bolts perspective. I don’t mean LPQs or negotiating comp, but the practical things like timing of exit and how that relate… more

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Help! Looking for a good office chair fo help with the back pain from working from home sitting for hours at a time. Any suggestions?

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I do most of the firm admin/COO type work for our 8 person firm. We outsource our book-keeping, billing and tax accounting. While I would prefer to hire an in-house firm admin, our recent efforts have… more

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Does your firm maintain any benefits for retired partners? If so, what?

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Need a salary check: 5 y/o firm, very young/green team, growing rapidly but trying to catch up and keep up with that growth. No billable hour requirement, approx 8:30-5:30 workday, laptops don’t go ho… more

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Developing a partnership track / program at our boutique firm. We’re 5 years old and have some incredible talent that I’d like to retain - and offer growth opportunities. The big firm models just don… more

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Associates raises. Are you: A. Must be nice. B. How much is this going to cost me? C. Day dreaming (if I made $200k at 25…) D. I worked more, got paid less (even with inflation), and was pretty much … more

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Seeking suggestions for a fair compensation plan for “retiring” partners that still desire to work on a part-time basis. We’re currently on an eat-what-you-kill model. Thanks!

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My husband and I bought a practice a couple months ago. Staying busy for sure!

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Unless you’ll be committing malpractice by taking time off, here’s a reminder: you can’t take care of your clients if you’re burnt out. Turn your phone off, you don’t owe anyone an explanation.

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What is the best way to find a qualified attorney candidate for a smaller firm looking for an associate with some litigation experience?

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Do you expect the value of your law firm equity to increase over time? If so, by what % annually?

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For those firms with multiple equity partners: (1) how did/do you structure buy-in for a new equity partner? (2) how did you value your business for the buy-in? (3) how are equity partners’ compensati… more

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Poll: how much of a difference does a junior vs senior corporate partner make in terms of client outcomes? Non-equity vs equity? Just thinking that there’s a lot of junior corporate partners out the… more

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I’m curious how other small and midsized firms are structured. Board of directors or executive leadership group? What types of officers and what do they do? Practice group leaders? A firm administrato… more

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Is there such a thing as a “career consultant” in our field? This bowl seems to be the closest thing. Basically someone to discuss issues with that doesn’t have a motivation (like co workers or head … more

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Comp help! I am in a mid-sized firm and collected appx 2.2M for 2020 on my clients that I originated. It is expected I'll do the same or more for 2021. How do I make the best case for what my bas… more

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Looking for insight on lateraling as a partner. My speciality area is in high demand, and have been getting hounded by recruiters. Started taking those calls, which lead to multiple interviews. Cont

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Ok I’m just going to ask this: If you haven’t talked to a client in a while and you ping them with a “hey how’s it going, wanted to check in,” etc email, are you met with radio silence? Cont:

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Interested in perspectives on training a very inexperienced person (high school graduate) to be the assistant you want them to be (requiring patience and training to develop skills the person may or m… more

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Is anyone else having a hard time finding a good associate (one who is not only smart, but has savvy, a "professional presence" and demonstrates a passion for their career)? We'd like … more

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Have a client contact at my biggest client - key decision maker - asking repeatedly over the last week or so to meet up for a drink this week. He’s in town for a while.

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$1.5M client and new “profitability tool” showing %0 profit. Credit split 50/50 btw 20 year attorney/equity partner (JEP) and a much more senior/connected EP (SEP). Both SEP and JEP developed separ… more

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What are the issues to look out for when negotiating an income partner compensation?

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What is the typical compensation model for income partners?

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I’m considering leaving an Amlaw 200 firm as an income partner to join a small firm as an equity partner. I’ll hopefully be bringing all of my work with me. This turned out to be the case when I made … more

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$1.15M in collections this year under my origination, $900k in working collections. 2 year track record as partner. Am Law 100. What should my salary be for 2021?

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How do I get associates to invest in cases as if they were responsible for them? I tell associates that they should take responsibility but few of them step up.

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How much do you give your secretary as a holiday gift? This seems to be based on region and I’ve heard of partners in NYC giving thousands, but that seems crazy.

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What is a fair range of compensation for a W-2 Non-Equity Partner at AmLaw 200 firm: $700,000+ in billables on the year; $500,000 in originations collected; I realize there are other considerations t… more

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How do firms handle file distribution? We a boutique firm with 14 attorneys. We do national work on a contingency fee. We have big companies as clients, but they are not individual attorney's clie… more

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Current non-equity partner at a firm with 10 attorneys; 2 equity partners). I’m currently paid with a salary plus profit sharing for a portion of the work I do (we do contingency work only). I have ch… more

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Current non-equity partner here. Up for equity this year. Had a good year. Concerned that my firm will either forgo giving me a bonus or give me a lower bonus than I deserve in exchange for possibly g… more

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Ideas for client gifts this year? Typically has been a nice bottle of wine, but only to the clients I had previously shared drinks with so I knew they were wine drinkers.

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I collected 2.3 million in originations in 12 months. Working attorney fees were 450k. What should my comp be for the year?

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Partner in a small-mid size firm here. My practice is highly specialized, and I’m the rainmaker for that group. I am mobile and I’ve no need for a secretary or office, and due to Covid I have been en… more

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Do any managing partners/management committee members have any experience with utilizing an executive coach?

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Is it common practice for firms to pay for tail malpractice coverage for newly hired partners?

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