What would you select? Insurance Defense firm doing construction work, $195k base, $20k bonus at 2100 hours (additional $5k for every 120hours over) hybrid. Or plaintiff PI, $125k base, 6% commissions on non originated cases, 1/3 on cases you bring in yourself, mostly remote.

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I would say the insurance defense one, but my perspective is I’m a parent and I have a fiancée, so I’m much more risk averse.

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Defense

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How many pi cases u getting/do you know value…PI gig sounds 1000000x more relaxed. 2100 hours and only $5 for 120 that is garbage. I am at a PI construction firm where we bill but its not like defense … we make $100/hr for every hour over 1800.

If you get 40+ cases, assuming they dont all suck and decent value, you should be clearing 195k.

Ok 45 cases in lit, 45 presuit … lot of work but theoretically you will be making the same as the defense gig if not more with PI and likely less hours. 2100 hours is never 2100 hours. And only 5k for every 120 hours after is insane. They basically want you to have 0 life for like $250k ….. not worth it.

6% isnt bad im sure if u r there long u can get it to 10%. If i were you id go the PI route and ive been on both sides.

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PI >>>>>>
Network and bring cases in and you’ll make more than your base just in origination fees.

I’ve done PI work. It’s hard to bring in cases other than from friends and family. I’m not counting on it in my decision. My market is extremely competitive

PI.

If I am understanding correctly: essentially, at the PI firm, you need those non-originated matters you handle to net $1.2m in revenue before you’re breaking even with the base salary at the ID firm.

What is the typical net revenue of the types of matters he will be tasked with handling? (Of course, exclude outlier major wins, as those will skew the analysis).

It seems to me that at least with respect to this specific PI opportunity, you’re better situated financially by going the ID route, even considering long term prospects. No pressure to bring in work and no stress of contingent nothingness when work is slow.
ID will let you get experience actually litigating and you might be able to transition that to other arenas.

I started in ID making $45k in 2015, bumped to $65k in 2016 by moving jobs, then bumped to $95k in 2018 again by moving jobs. Then moved to another state (yes, took the bar exam again, my third one and my third state of licensure) and job in 2019 to make $115k. In 2021 I moved to mid-law and stopped doing ID, was working on general commercial lit matters and started to get into IP litigation, making $135k at start with a prompt bump up to $195k as a consequence of a firm wide bump of first years. By the time that mid-level in early 2024, I was at $215k. I am now at a new firm making $275k base. Moving and growing and escaping dead ends can be a boon to salary growth, recognizing when you’ve picked up 80%+ of what that firm has to offer, and recognizing when the remaining 20% is going to take years to collect. It can of course also stunt experience, etc.

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