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I'm in PA. I actually went for Option B after getting the base up to 95k. Thanks everyone for your thoughts, it was a tough call but the right move for me.
Thanks!
It would depend of whether I reasonably thought that the cut I was going to get would be more than 50k a year. That depends on a lot of different factors - how the percentage is calculated, how many cases you'll handle, how large the cases are the firm typically handles, and how long you think you'll need to be working there to get a good stream of cases resolving. There are a few drawbacks to working for a percentage. The first is that a lot of how much a case settles for has little to do with your work, so case assignment is a big deal. Are there other associates? How will cases be assigned among them? What will your relationship with your coworkers be like in that environment? The other drawback of working for a percentage is that it can reduce your flexibility to leave. If you've been working on a big case for a while, you won't want to quit before it pays. If you work just for your paycheck, if another opportunity comes along, you can just go.
At the 120k job there's no opportunity for managerial positions or partnership. This is why I'm considering option b. Great point about leaving if needed. Much easier to do at the first job
I’m currently in option b. It really all depends on the value of the cases you are going to be working on and the case status. If you are only handling smaller cases it may not be worth it.
How much money do you “need” to make? How big are both? What’s the cut you get at 70k? plaintiff’s firm where you don’t get a cut of what you close seems weird to me
I guess I'd say I "need" to make 90k (unless student loans come back online, in that case it's more like 95). But I can wait a year if absolutely necessary. Apparently there are near 100 cases to inherit so I have some questions for them about the value of those cases!
Which state are you in?
South GA, 5th year. Stopped taking a paycheck all together and get just fees at 30-40%. Already made twice my annual salary last year and no longer feel as if getting a % on fees is a bonus I’m supposed to be grateful for but fees I earned. Scary but it’s on you to make it work.