I came to my current midsize firm as a partner after only being an associate previously with the idea that I’d build out a practice area. Finishing my first full year and depending on how much I can collect I should be at around 600-700k originations on 950k work billed. I should be able to hit over $1 mm next year (goal would be $1.5 mm). If I do the above I will easily make equity partner. Is it worth staying or looking for another firm where I can pull a higher salary? Context in comments.

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The reason I am asking is the firm appears to put more weight on billable hours, even for equity partners in determining total pay. It looks like I may be able to make about $500-550k with the book I described once I’m an EP.

I understand (based on very little hard info) other firms may allow for more salary based on origination.

Flip side is that I have a great deal of goodwill at this firm by adding a practice area they don’t have and which feeds a few other practices. I also have been given full autonomy about wfh, attending/sponsoring conferences etc.

Is it possible to go somewhere with a book like this and make substantially more than $500k while not having to bill as much and focus more on BD?

Also open to the idea that I’m an idiot for asking this question :)

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Culture means a lot to me. I like being able to work on my own and am staying primarily because of that aspect. If you think your book would go with you, consider a move. Always hard to say what business will do and if you flat out ask - that could make things difficult later. Hard question

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Isn’t the typical large law firm model roughly 1/3 to working attorney, 1/3 to firm overhead, and 1/3 to equity partners (ie originating attorney)? Meaning if equity partner both lands and does the work, they should get about 2/3 of the billing. If you plug your numbers into that model, what would your take home be?

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Hi All,

I am looking for a switch, a short introduction of mine

1 - I have completed my bachelor in textile currently pursuing Digital Marketing Analytics from NMIMS

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Please refer if you have any references Thanks

#hiring #jobhunt

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Paypal, Chennai- 19.5+2 JB+2 VP+4L rsu

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Hey when does the designation change ? We have got the promotion, hike and bonus. When will it change on teams?

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