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I am leaving JP Morgan next month and have resigned before completing of my 1 year with the firm but technically my year will be completed next month before notice period. The laptop allowance and the relocation allowances will it be recovered from me during my exit??
Please let me know if anyone is aware of this scenario.. Leaving JP Morgan is completely personal JPMorgan Chase
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I’ll generate about 2 million in fees this year off about 150 cases.
That's a lot of cases to settle for sure. I've settled around 65 cases this year and done about 3.2M in fees I just have no concept of if that is "a lot" outside of my firm which is a very large PI firm in the southeast.
It really depends where you are and what type of firm. I am in upstate NY. Small plaintiffs firm. Low cost of living area. Not a PI mill at all. 700k+ was usually a good year for me as an associate. Now it's more an expectation of a million and bringing in business. I am at 3.5 so far this year and it's like a bananas holy shit year.
The two big name partners for the firm usually do 1.8-3. It really depends, with 1.8 being the average for them but it definitely can fluctuate up.
Pro
How much do you get paid?
I was not an attorney, but a pre-suit case manager at a PI firm and was expected to do a minimum of 500K in attorney fees each year (I usually did 600-800). The fee was 33.3% of the settlement if you want gross numbers. My atty had 3 pre-suit case managers. Additionally, he had a separate quota to meet on the litigation side. This was in Fl. I obviously didn’t generate the cases, the atty and firm did that.
Pro
It truly depends. Are you handling pre-suit, small policy MVAs that you can settle in 6 months? Or commercial cases with big time injuries?
A little of both. Have a few pretty serious cases. Others are 50k-150k in coverage. And I'm running about 140 total cases in litigation. I don't do any presuit stuff.
Bowl Leader
Having worked for and managed some PI firms, $1 million in net fees per lawyer is a good reach goal if it is car crashes.
P1 what do you expect your take home to be this year?
I should hit over 5 mill in settlements this year. That is the lowest gross of all the attorneys at my small firm.
Pro
I hit about 2.5 million off 130 cases this year in gross settlements. Did not have any legal assistant for 7 months.
It has been hard.
Yea like everyone above said it depends on the cases you are getting the amount of cases you have, etc. The attorney I work for is going to hit over 2.5 million this year but he has had much higher years in the past so it really just depends.