Salary check (Plaintiffs PI, CA)

First year: 100k + 10k gross bonus + 25k net profit sharing bonus (with 6y vesting requirement).
Second year: 120k + 35k gross bonus + 35k net profit sharing bonus (with 6y vesting requirement) Incoming third year salary raised only to 124k for 2023. Does not even beat inflation. But decent bonus at the end of 2022. What to Think of this? What about compensation overall?

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Explain the vesting requirement?

Employees receive credit for each year worked at the firm. Contributions are made on a separate account. If employee terminates employment prior to six years of employment, employee is only able to receive a portion of account based on vested %:
Less than 2y - 0%; 2y - 20%; 3y - 40%; 4y - 60%; 5y - 80%; 6y - 100%

So in your example, you’ll get the full $25K “earned” in year 1 at the end of year 7, the full $35K earned in years 2 at the end of year 8, etc … That’s both insane and genius (from the law firm’s perspective). Having said that $155K for a second year in PI isn’t bad at all. If you want to explore your options feel free to DM me. I run a large PI firm in SoCal.

It’s smart from a law firm perspective and with a decent base and bonus, reasonably fair.

over compensation is actually pretty solid. it’s not crazy money but plaintiff PI notoriously starts lower than most, with unlimited upside potential. i make about the same in NJ

Pretty solid starting base for a PI firm; I’ve seen starting salaries in SoCal generally ranging from 55-75k base, so 100k is pretty damn good.

Do you have a separate agreement for business you bring in, or does it get counted towards your overall net profit sharing?

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