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That’s very low even for LCOL at 9yoe. Hard to say without knowing your actual collections but assuming 1/3 of 425 at 1700 target, you should be making $200k plus (and that’s low for 9yoe).
Agreed, all in should be around 200k+. But I disagree 200k is low for 9YOE, especially in LCOL — it seems pretty standard for even HCOL if you’re not in the biglaw bracket. There’s a huge jump down in comp when you downshift to the small firm model billing 1500-1800 and being paid on a percent of your billables.
Collections/realization rate?
My NVA was approx $540k. I don’t have the precise percentage, but I believe it was roughly 95%.
How many years of experience?
9 total (mixed bag): 2 (personal injury); 4 (doc review); and 3 (commercial lit).
Depending on size of firm, for LCOL I say that’s standard.
I was in a LCOL market, 25 attorneys, making 75K as a 5th year. My mentor was a 12 year and made 140K. I left to move closer to family and am now in a totally different market/firm size but hopefully that helps?
Underpaid. He should be more at around 180K based and his bonus should be more in line to get him to the 230K