I’m a 2019 grad in the philly market and recently accepted a lateral offer at $150k base.

The role is subrogation practice area where I have little to no direct experience, but I have several years of solid general litigation experience.

Billable requirement: roughly 1,900–2,000 hours/year. Bonus eligibility begins at approximately 1,900 hours. At around 2,100 hours, the bonus is roughly ~10–12% of base salary.  Bonuses are paid twice a year. Annoyed that I have to hotel when in office.

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I would not take this offer but I don’t know what other options you had. For reference, I’m a 2019 grad in NJ making $225k base with a 25% bonus plus equity and work 9-5 most days, no billables.

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Sorcery

Do you mean you get two 10% bonuses twice a year?

I think it’s sounds like an average offer, hours out too high tho. I’m a 2019 grad in NJ with 165 base up to 10% bonus in December, billable hours 1,500

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This is sweeter

Please tell me what you think about the offer.

I guess the most important question is: how do you feel about the offer? Do you feel like it was a good one? You already accepted it, so it sounds like it's already done.

I guess the question still stands. Are you happy with it? Do you think it's not high enough? How does it compare to what you were making before?

I'm not sure why you have to Hotel when in office? Are you out of state? How do you feel about the opportunity? I'm not clear on the question. Happy to help though :)

I’m a 2019 grad and worked in Philly for 5 years.
In 2024 my salary was 190k, 11k bonus, 1900 hours. If I stayed I’d be at 220k. So to me it seems low but it’s a different practice areas.

It was a big 4 employment firm.

The billable hours sounds a bit high. 1800 would be more reasonable and 1500 would be better

The base is low for how high the billing requirement is.

Sounds light, but also sounds like insurance defense, so not super light for that. The math is easy. You bill 2,000 hours. Multiply it by your rate and you get X. Multiply X by .95-.97, and you get roughly what you can expect the firm to earn off your back. Subtract $150K-$200K for overhead. Subtract your $15-20K bonus. What’s left is profit for the firm. What does that number look like?

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