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Forwarded from a friend, is this true?Barclays
Anyone with recent experience recruiting for Boston Consulting Group? Got in touch with a recruiter through referral, was directed to submit an application and already finished my pymetrics. Anyone know when I would be able to hear back and what the hiring timeline looks like? Recruiter suggested to get back in a few weeks but isn’t it too slow? McKinsey sent me an invite for 1st interview in a few days after they received my referral.
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Any contract family law attorneys in Kentucky?
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Settle $1.2mil in personal injury cases. Seriously, if you can get the clients, this is the way to achieve that goal.
In my first year as a solo I grossed $440,000. It can be done. The way that worked for me:
— I had 25 cases come with me when I spun off on my own.
— I do contingency fee cases exclusively. I also had a very good handle for how to resolve cases at the right price point and efficiently from my work at my prior law firm.
— I had a good referral stream established so that I didn’t experience much downtime without calls after starting my own firm.
— I also got a bit lucky. Some years will be better than others.
What practice area?
Bill 1500 hours at $300/hr with a ~90% collection rate.
I’d say rate is practice area dependent. I litigate real property title matters - direct rep
Via insurance pays 200-250/hr, and private client will pay ~$325/hr. Much harder to find those 325/hr matters obviously
My problem is how do I get personal injury cases? The competiton is so steep.
Focus. I know an attorney in my market that does security deposit claims (which have statutory damages and atty fees) and also does habitability/mold type personal injury claims. He launched his own firm after having been with a large billboard PI company
I was fractional GC for two orgs, my net from those two was $280k. And then I was doing regular billable at $350 an hour (could have probably charged more), so I was up to about $350k, but then I joined a firm for more resources so I could grow.
I still had time and could probably hit $400k if I hustled and increased my rate if I stayed solo, but at that stage you will already be considering getting an associate/joining another practice so you don’t have to work as hard.
Can you share in what areas of law you offered fractional GC work? Also, how did you land the first 2 clients? Fee structure?
First year I grossed over $600k. My secret was reoccurring corporate clients and flat fee small claims lit. I will gross close to $1m in year 2
Through a third party vendor which also works a portion of the files for shared clients. I’m well established in this area, so not only does the third party vendor refer new clients to me, I have assisted onboarding new clients with the vendor.
My niche would be tough to initially break into with vendor referrals without a track record/existing client book