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Plaintiff personal injury is a different day-to-day than insurance defense. Even prelit plaintiff PI vs lit plaintiff PI is a different day-to-day. And plaintiff PI vs ID is a very different compensation structure. You can’t compare your friend’s plaintiff PI job to ID. Is the ID firm doing solely car wrecks with majority soft tissue injuries? Or more commercial vehicle, or catastrophic injury cases — not just car wrecks? What’s the bonus structure? Is the hours requirement 2000 realized/paid hours or simply 2000 billed, including write offs/cut billing? What are their expectations of you the first week? 30 days? 6 months? Will you have your own case load or just lit support for your partner? All that being said, you simply have to weigh all factors—professionally and personally—as to what you want to do/what’s most important to you.
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Does anyone have experience, for better or worse, transitioning into insurance defense litigation? The Firm mentioned 2,000 billable hours, claiming it’s easy to hit, but I have no idea.
Can defense work turn out to be fairly lucrative? I have a friend who does pre-litigation on the plaintiff side, salary is $75K, but with commission/settlement bonuses, he makes over $250K annually.
One of the partners mentioned a pathway to shareholder status, but I’m not entirely sure what that entails. What follow-up questions should I ask? Does becoming a shareholder significantly increase pay ?
I Understand what work far different from what I’m used to, a lot more paperwork and what not. More interested if anyone has suggestions, follow-up questions, or if anyone has experience with a similar transition into insurance defense? (Seems like everything I find online, people hated the job.)
Any guidance, tips, or experiences would be greatly appreciated.
1-2000 hours isn’t hard to hit providing that you have enough time to bill between 8-9 hours a day and have enough cases so you’re not desperate for hours/tasks.
2-ID isn’t lucrative for non-partners/shareholders. Insurance Companies set the billable rates and these are very low. Many range between $150-$300. Your salary will be front loaded and your bonuses will likely be modest.
3-Partner/Shareholder status only slightly increases your billable rate. Many partners in ID make less in salary than a baby lawyer at a large firm. The ones that earn substantially more are the ones that can bring in a high volume of cases to feed to other attorneys. Building rapport with adjusters assigned to your cases takes time and isn’t how you get enough business to become partner. Ask about marketing support and ability to attend conferences.