My firm offered to pay me 1/3 of my collected billables on a draw that is squared up at the end of year. For context, I’m a 5th year associate at a mid size firm in the NYC area. My collected billables last year were 457% of my compensation. Any thoughts or advice?

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1/3 1/3 1/3 is an old thumbnail sketch of an associate's profitability. 1/3 of collections to the attorney, 1/3 to overhead, 1/3 to the firm (i.e. partners). If you're at 457% of your comp for collections, then this method would earn you 152.3% of your comp. Congrats on being profitable! Downside would be if you have a slow year, but it's a kill what you eat offer at a relatively young age. Not bad.

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Do it

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