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What is the lateral hire process like?
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I’m at $600/hr this year (class of 2013) but have clients at $375, $400, and $500 depending on when/where they started and their size. I also have a client who pays $10k/mo for general coverage and is very reasonable about workload. I started at $100/hr in 2019ish as an experiment, and that was not worth getting out of bed for and people basically just abused me with all sorts of nonsense. It led to some opportunities but that was a rough year.
I don’t ask for minimums or retainers etc. Most new client business is tiny startups that really can’t afford it. In fact, I usually have a handful of projects on 12-month fee deferrals while they raise and grow a bit. No one has burned me yet.
I actually need a good independent ecvc/corporate person in my Rolodex to do more complex transactions - god help me I agreed to do a JV last month that I initially refused to work on and it nearly killed me.
Run the term “fractional” through the Big Law and Law bowls to see past posts. You could direct message some of the folks who have posted about doing this work.
https://joinfishbowl.com/post_vnmi36oo8n
I’m able to do this on the side as well. Have 8-10 small startup clients and charge a range of $300-500/hr.
How did you come into it? My path was pretty weird/circumstantial
As a big law attorney who works with fractional GCs, I think it’s great. Your rates seem reasonable!
F