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It depends on the cases you’re getting. I think the amount of cases you settle a year also plays a role. Do you have experience handling high six figure and low seven figure cases? By year 7 I’d think you should have had exposure to those by now
Sure do, have a couple results over $1M, and quite a few in the high 6 range. Don’t have very many low-value (sub-100k) cases. I’m usually getting 3-4 bigger cases settled a year.
Sounds like some decent experience. Do you try cases?
My guess is that OP’s firm wouldn’t be too happy with that
That’s a really good track record. I used to do plaintiff side personal injury, but now I’m primarily doing hourly fee work. At my hourly rate, and with the highly optimistic assumption of my realization rate being 100%, I’ll bring in just a bit over $500k at my annual billable requirement.
How much are you making base salary/bonus? Kind of hard to gauge it that way. If you're making less than 200k it's time to quit. Other PI firms in Ohio currently hiring will pay you better.
Just got a raise to $85k - commissions are generally 3-4% but there’s no written metrics. I’ve applied around as I saw bigger shops hiring but I’m not getting very far.