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Hello guys, I have below offers:
T-system : 27 LPA fixed ( 2 days a week WFO mandatory from DOJ)
Tech Mahindra : 26 LPA ( including 10% variable ) + 1lakh JB ( WFH for now)
Which one is good for better opportunity and WLB.
SAP ABAP on Hana .YOE: 7 yrs
T-Systems ICT India Pvt. Ltd. Tech Mahindra
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I'll try to keep it short and sweet. I am in my first year as an associate at this firm (graduated in 15) and I am the sole attorney handling one of the firm's biggest practice areas that, according to the managing partner, generates 50-60k per month in revenue. On one hand I feel that's exaggerated, but even if it's significantly less than that, it's a really high amount for a first year associate to bill and collect in my market. In addition to that, I've brought in about 50k in collections of my own business. I worked those files practically solo as well.
My comp is not low, but certainly not high for my small market. Less than 6 figures in salary and no benefits (benefits are offered but my health insurance is taken care of with my spouse's job).
I feel like I have partner level responsibility and am expected to have partner level decision making, but my comp is junior associate level. From personnel issues in my practice area, to full control of strategy etc. 90% of the advice I get from the managing partner is to "do what I think is best" without any substantive direction on how to handle whatever the issue is. To give an example, the managing partner wants me, the associate, to set our hourly rate on matters. On one of my files I brought in, the client agreed to a certain rate from the outset, yet after the job was completed and it was time to bill, the partner wanted to unilaterally lower our rate by 25%. He asked me what I thought and I said "No." We billed them at the original rate and it was paid no questions asked.
I've been trying to meet with the managing partner for about a week now and he keeps ducking and dodging and I get the feeling that he's not concerned with discussing my 2020 productivity before the end of the year because I'm not getting a bonus or a raise anyway so why bother discuss it.
Based on my own business and the matters I've been responsible for, I would estimate (based on the figures mentioned by the managing partner himself) that I have collected between 500 and 600k in 2020.
What would you do in this situation? I don't want to leave, as I like the work and I like the autonomy, but I don't like the idea that my comp is not effected by bringing in exta business.
Chief
I would tell the partner explicitly (but politely) that you would like to have a conversation about your compensation. If he's ducking you because he has no intention of giving you a raise or bonus, you deserve to know that. You also deserve to know if there's any possibility of fair compensation in the near, medium or distant future. If the firm is struggling and there's really not much they can do, that would be helpful to know as well.
By the way, if you are correct about what the firm is collecting for your work, sounds like your base pay should be 150% to 200% of what it is.
If the partner refuses to even have the conversation, may be time to start thinking about striking out on your own or finding a place you'll be compensated fairly.
Thank you for your reply. I was initially stunned when he told me those revenue figures for my area, but hey that's all I have to go on.
The firm has definitely taken a hit in other areas with covid, but in my view I don't want to hear the covid sob story when my area is flying AND more importantly the partner attempted to willingly drop a bill by ~10k for reasons unknown. Our firm also received PPP money so the drop in revenue was certainly softened by that.
Time to look for a new firm! Or. Time to make you a partner... something about your numbers do not benefit you.
Rising Star
A first year collecting $500k-$600k is seriously impressive, especially at non-V5 rates. Keep on mind the general rule of thumb that your compensation should be around 1/3 of collections.
This year is sui genesis to use a special term we learned in law school bc of COVID and makes future revenue planning dicey