Related Posts
138k as an ACD in San Francisco - too low?
How much does TCS pay for ITA in Portugal?
I gave 4 rounds of interview for Manager 1 but the final decision was that I am unable to raise the bar. The recruitment coordinator asked me if he can keep my details or share my details to his colleagues so that they can check if I fit in some other role in future. Any idea about the cool off period?Amazon
More Posts
Come on Bears we need a win!
Community Builder
Conversation Starter
Additional Posts in Law
Rising Star
Pro
Pro
Pro
New to Fishbowl?
Download the Fishbowl app to
unlock all discussions on Fishbowl.
unlock all discussions on Fishbowl.
The only way to make more without working more is to raise your rates. If you can't do that at your firm or in your practice area, switch.
I’m leaving this firm immediately
That’s low even for ID even in sofla. Start job hunting.
Agreed. You should be making somewhere between 130-140 as a 4th year. It sounds like you are at a smaller shop. With experience, any of the larger ID shops will snap you up. Or look at this as a way to get out of ID. Don’t play the game of being forced to bill more.
That’s low. I’m a first year ID attorney in GA making 100K.
You’re making almost 34% of your billings (not accounting for collections) assuming 1850 hours billed at $160/hour. That’s before any bonus not mentioned here. That’s right on the money for traditional rule of thumb that you should get appx 1/3 of your collections (the number is actually probably a higher percentage of your collections). Many associates actually make closer to 25% of collections than 33%.
This is the unfortunate reality of ID. You get maxed out early bc the rates are so low and they’re negotiated, so they aren’t increasing annually to fund raises. If you want to make more, you might need to consider a change in firms.
That’s ID for you. If you want to stay in ID, as you note above there are firms paying better (bc they’ve negotiated better rates so not every hour is billed at $160, which will allow you to make more money). Otherwise, try to find a practice area with a higher margin. L&E or a smaller commercial lit shop would be an easy transition that would allow you to use the skills you’ve honed over 9 years.
It’s a business and the firm has to make money too. They also have to cover overhead attributable to you. The more money you generate for the firm, the more they can pay you.
Rising Star
Start sending that resume out
That is ludicrous. I am in-house doing insurance defense in the Central Florida area. Going into my 4th year and making more than that, before bonuses. Billing is more arbitrary but 200/month. I was with a previous Insurance Carrier and the highest paid attorney was aprx. 120k/year and going to trial at least 2xs/year. She was offered a part-time Of Counsel position in a firm making over $140k (10 years exp). They don’t value you. Go elsewhere.
I’d negotiate an objective bonus based on hours billed. That seems like your most realistic move. But at the end of the day, it’s so tough to make money when your rate is just $160/hour. Even if your bonus was 20% of billings above 1800, you’re getting paid $32/billed hour at that point.
Can you get more info on these collectibles? Personally I would want to verify the info 🤔
I asked my boss to provide that info. It’s weird because when my time gets cut for whatever reason I’m always told by my boss to appeal those entries. But it happens so rarely
That's super low. I was making 90 as a third year in ID in Miami
165-175 a month
Despite the billing, I would believe that your knowledge and years of practice would yield a salary than $100k. I understand the billing may not be what they want you to be at but that still seems ridiculous. As far as the billing, is it a wording issue? When I was a firm, it was all about how we worded the billing that determined whether the time was cut. Have you had that conversation as to WHY your billing is being written off?
I’m actively looking to leave this firm immediately but I’m having an extremely difficult time finding another gig. I got ghosted by another recruiter after two interviews last month. Insurance defense seems impossible to break out of.
I guess what I’m trying to figure out is can I beg and plead and squeak by with a $5k-$10k pay bump while I’m at my current firm just to get ahead of my bills. Not that it’s important but I’m dealing with some injuries and need physical therapy and it really puts a wrench in my budget
I’m a 4th year in Miami making 160k with a 1900 annual billing requirement also in ID. Sounds like you’re underpaid even with the lower billing requirement.
About to be a 4th. Curious as I just got out of ID because of the low pay