Has anyone received equity as contingency comp? I have a potential client with a founders dispute. He doesn’t have cash, and the other founder ripped him off and is now running the company. He wants to sue for equity and wants to pay me with whatever equity he wins. I’ve never done a deal like that. Is that even enforceable? CA law. The startup is actually quite promising.

like
Posting as :
works at
You are currently posting as works at

State law governs whether firms can accept securities/stock in a corporation they represent as payment with some restrictions. Check your local state rules, I know New York and California allow it. Idk what state you are in. One thing to keep in mind is the fee cannot be "excessive" so if your state does allow equity make sure you close sooner rather than later.
Good luck!

Thanks! Yeah I know it’s permitted generally, but I was more concerned with the logistics, since my client is not the corporation but a founder trying to get his equity back. Could he pledge his potential equity to me? Would the corp have to honor that in a settlement?

like

Curious, I know there’s some firms who do this regularly. I believe something in NYC called D&k not sure the full name

one thing you should realize is that if there is a founder dispute there isn’t a reasonable EV for compensation

Related Posts

I am a new grad in Canada with 0-1 yrs of experience. I am planning to build a career in project management and currently have an offer for a program coordinator position. Should I take it? How much salary should I expect in the industry as a beginner?

like

Hi. I’m new the the world of Paralegal. I got hired on and have been learning from the lady I’m replacing. I’m also going to school to get my AS in Paralegal. My boss and i spoke on hourly of $15/hr and said we can revisit once I’m done training… $15 is out of the question.. i cant even pay rent off of that. What do you all suggest is a great entry level salary for a Criminal Law paralegal ? I’m in Houston

like
like

Check the comp ratio of CEO vs Average salary of that company Tata Consultancy Wipro Infosys Tech Mahindra

Post Photo
like

I have a first round interview at TikTok for a head of business development role. I REALLY want the job but don’t want to price myself out or under…does anyone know of a range?

like

I've been noticing a new trend in biglaw passive aggressiveness: Adding a question mark to a non-question when you're following up on something. E.g., "Hi X, just wanted to check in on Y as the client would like to see a draft as soon as possible? When can we expect this?"

And to the people who do this... why?

like

Telco PMs, how do you call that type of project in which you manage the End-To-End deployment? I mean from planning the electric connections for a servers rack, engineering the network, the cabling and devices installation, setting up the link (and everything in between)?

English is not my first language and I'm having trouble coming up with what we call "Llave en Mano" in Spanish... or is it just End-To-End? My mind is fried and is only Wednesday.

Thanks!

like

I was recently promoted, and now part of my team report to me. I'm now able to see their pay rates and I am honestly so disappointed in the company. Especially since we just gave annual raises in Feb, plus we can all see where the money is going and it's not to the employees. Makes me sick

likehelpfulsmart

Hi Fishers,

Can anyone tell me the monthly in-hand salary after tax- deduction.

Post Photo
like

What are the approx salary bands at each level for S&C in the UK?

like

I recently selected to accenture, what would be my in hand salary every month after removing the taxes??

Post Photo
likehelpful

Second time in my career I've seen this: we send client lengthy manuscript to review. Client says she'll need a few days, and sends us some additional stuff (research) that could be helpful (cont'd)

like

Q for HR folks! For companies who have offices in US and Canada, how easy would it be for American HR team to set up a role & compensation via the Canadian office for a Canadian remote worker? Would be a lot of work? But i know companies like Meta and Spotify do do this.

I'm Canadian and applied to a US remote role. Canadians don't need a visa for this. One of the ways would be to use Canadian entity's hr/payroll services. They showed keen interested but waned since finding out I'm Canadian.

likehelpful

Anyone at Coforge, Coforge ltd How's the overall WLB in company. I've an offer of 36 fix + 2 Var pay + 1 lac of joining bonus.

I've an offer of 42 fix and 2 joining bonus from @creative synergies group.

My skill set is Azure Data Engineer.
Does anyone know which company is better and which one should I join.

like
like

Any FCB/BBDO/St.Joe's peeps here for scoop on Sobeys client? Are they nice to work with or not so much? Even if the work isn't all that exciting, just looking for a vibe check on day-to-day encounters.

like

After Apple hiring manager expressed intent to hire, what's the elimination rate to get a denial from compensation group?

like

My boss asked me to take care of some of the details of a project for her—the stuff that isn't really my area of expertise. And now I feel like a shirker because I haven't been able to finish them yet.

like

Wow had our first zoom call with the client today and 😍😍😍. Husband-me-up PE daddy 😍😍. Have you ever worked with a sexy af client?

likefunny

More Posts

Any female 🐠 want to hang out? 24M here.

likeuplifting

Experienced Renewable Energy Professional, currently responsible for Business Development | Strategy | Market Intelligence of Utility Scale Solar | BTech | PGEMP (SPJIMR)

like

Hi fishes, I'm having 2.4 yoe working in functional testing in infy current CTC is 3.5 lpa and got offer at CTS for 7lpa ( 6.8 inhand).is this good deal?
This is my first switch. So let me know this is good jump or not ?

like

When performing QC, is it normal to make changes or is a comment good enough? Ie “fix formula on tab xxx”

like

Hello Fishes,

I have got an offer of 20 LPA from TCS. And i got a better offer from this.
Just wanted to know, if I reject the offer of TCS, will they put me in blacklist or something?
Or If i accept and not join them, will it have some consequences?

like

What’s everyone doing nowadays?

like

Anyone have any insight into KPMG raises? When will they be announced and what are %s looking like?

likeuplifting

can anyone suggest me best institutes in hyderabad

like

Hi All,

I have joined EY in APR 22, will i be eligible for variable pay and hike?
Also whats this prorated means ? 😓
Thanks

Which is the best to choose between these two comapnies in terms of WLB and learning curve given same salary and grade?

1.Capco
2.Fractal Analytics

like

Never come to Annex88.

likehelpful

What kind of questions have you been asked in interviews? I’m being invited back for a second interview for a Sr. Accountant position. The first one was very conversational.

I’ve been noticing resumes without a date for college graduation. But all the dates are there for jobs. So does it make sense to hide that one piece if I can do the math based on work history? 🤷‍♂️ And I’m over 40 and in this bowl. So I don’t care about age. Actually, I do. Because I prefer more experience than less.

likehelpful

Anyone knows about the work culture in Accenture Capabilty Network and Management Consulting role?

like

My best friend took a year off work and just traveled around South America with just a backpack and duffle bag of essentials. He spent about $5 to $10 a night at local hostels and food costs cheaper at local restaurants and shops. He spent roughly $500 a month on room and board. Aside from activities like bungee jumping or live sports events, most of the other activities costs little to nothing. Debating on saving up and just escape for a bit just like that.

like

Has anyone gone from FP&A to internal audit/controls or similar roles (compliance, risk, etc.)? If so, how did you approach it?

like

I’m a bit lost..Does anyone have a resource for compensation negotiation that includes RSUs - for UK specifically? I have never been through the process before and it’s very different in 🇺🇸. Thank you!

like

Is anyone employed at AIG or has gone through their interview process and can provide some insight? I just applied for the early career - strategy & ESG analyst this weekend, and I am wondering what to expect. I just received my MBA this month, and I have a certificate in data analytics as well. No prior relevant experience though.

like

Watch newb here looking at these prices of the watches you guys post..how many of y’all have fakes but are flexing as if they are real? It’s anonymous so this should be interesting

likefunny

How should I reach out to a manager to get staffed on certain projects?

like

Additional Posts in Small Law / Solos

Has anyone recently transitioned from Microsoft one drive to a case management system, such as Clio? How was the transition? I feel as though I’m rarely using the system except to open a matter and upload docs for e-signing. It feels easier to use one drive since it’s accessed locally on my Cpu. Any tips on how to make the transition smoother is greatly appreciated!

like

How are firm’s dealing with July’s Bar Exam postponement?

like

I have a background in m&a, venture capital, private equity and commercial contracts for athletes (current job at a sports agency). Really want to open my own shop that caters to small business, angel investors, influencers and athletes. No idea where to start on planning a business model, what my rate would be, if this is even practical, etc. Any advice for how to get started and what I need to be thinking about?

like

As everyone shelters in place, small firms need solid copywriting services to keep their websites fresh. I specialize in working with small firms. You worry about your work, I’ll worry about the words

like

Thinking of starting my own estate planning and real estate closing law firm. I have some experience in both. My concern is getting clients once I open the doors. I graduated in 2018 and have worked in a few different jobs since then. I am located about 45 min outside of Boston. Anyone open their own firm and see success right of the bat? What did you do to start getting clients in the door?

like

I recently left a firm and considering starting my own practice. Any advice on avoiding any issues with my old firm if any clients decide to hire me as their attorney? I have not contacted any former clients or solicited their business. Thank you!

like

Our firm is growing fast and we need to add another attorney to keep up with the work. Our compensation package is 20-30% higher than what others firms in our area are offering. However, I’m still finding it difficult to get qualified associate to even apply for the position. I think part of the problem may be because we are located in a mid-sized city rather than a major metro area. Does anyone have any suggestions on how to attract talent when you are a newer small firm in a mid-size market?

like

Anyone here have experience with and / or opinions on the software: Soluno?

like

Recently started a solo firm. Repping a client with a contract with a mediation and arbitration clause. Landlord has stonewalled negotiations and won’t respond to inquiries on mediation. Best way to force them to table? Sue and make them compel arbitration? Is there a quicker way?

like

For solo and small law firm owners, I am curious, if you care to share anonymously, when you opened your firm and what kind of revenue you are running this year? I want to just get an idea of what is average or common.

like

Question re: salary. I’m thinking about accepting an offer at a small (4-6 attorneys) transactional firm. I would primarily be working on NDAs for clients. The role sounds great (no billable hours, fully remote, flexible hours/ can work from anywhere); however, the salary is $70K. I’m a new attorney, with only one year of experience. Does this salary seem low? If so, any advice on what someone in my position should ask for?

like

Anyone have recs for best tax law training resources?

like

Any firms charge no-shows / have a provision in their fee agreements about reserving the right to do so? I get that we aren’t healthcare, but I work from home more and more now. So when I drag my ass to the office because a client wanted an in person meeting, and 38 min later, they aren’t here, it’s frustrating

like

We're weighing Docusign vs HelloSign for an e-signature solution. Anyone use these products and find any major issues or limitations?

like

Folks who began practicing in one state but moved to another: How difficult did you find it?

I like where I'm at now but my entire friend/family base is back in my home state. I'm not running for the door, but my long term plan is to go back. Am I just making it harder on myself the longer I stay here?

Admitted 2021, both states are same region and both UBE, if that helps.

like

How do you balance wanting to be the “go to” person who gets it all done, no matter what, and feeling like you are taken advantage of because of that?

like

Maybe this is the wrong bowl- but I’m going crazy with Microsoft word’s new “save a copy” feature. Is there any way to revert to the classic “save as” function?

like

Ever read a transcript from a deposition you have taken and realized you have an annoying verbal tick? Boy I say okay a lot during questioning. Must remember and fix that.

like

What made you want to start your practice?
I did not like my employer, and an opportunity to be a contract attorney happened to come up.
How about you?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal