Should I ask for a raise and how much should I ask for?

Started at a small boutique in January. It’s expert level stuff so we make decent money. I make $115k with an 7k bonus if I reach a certain amount of hours. By the end of several long term engagements, I will have generated around 460k in revenue for the firm (probably closer to 425k after write offs). What would I be justified in asking for, raise wise? Is 123k and a $9k bonus too much?

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General rule of thumb I’ve always been told is that comp should be about 30% of collections, so if that’s $425k in one year then you should be around $127k for that year. Sounds like you’re not too far off from that all-in. I’d run the numbers on what you reasonably expect to collect next year to get a sense of what kind of raise would be reasonable.

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End of year makes more sense. See what they offer, then try to get up to $130K. Maybe theyll knock you down to $125K.

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