Looking for advice on what would be a fair bonus proposal. Working at a small firm (3 lawyers) with a base salary of $85k. I did receive a mid year bonus of $10k already. Current billable are just over $300k with collected billing’s around $260k. We have no established bonus structure and I want to be fair, but I also want to be fairly compensated for the work I’m doing. Any advice is welcome!

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The old rule of thumb was 1/3 for comp, 1/3 for overhead, 1/3 for firm profit. You're already at or around 1/3.

Not saying you shouldn't ask, just to be aware of this and so you aren't shocked if they push back.

Having said that I would be disappointed if year-end bonus didn't match midyear, unless there was a particular reason.

Personally I'd also be more interested, if you are staying around, in getting a salary bump.

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Thanks for this! I’m going on maternity leave in a week so salary bump at this point isn’t a concern for obvious reasons. When I return that will be a conversation because I did recently receive a new professional designation that I think should push me up a bit.

I will say firms in the area don’t adhere to the 1/3 rule you mentioned. A friend at a different firm (though slightly larger firm) makes the same base as me but their bonus structure is set up so that he takes home 50% of anything collected over and above $180k.

5k?

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