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Started By
Message
re: First Year Attorney Starting Salary?
Posted on 9/28/17 at 5:21 pm to Carson123987
Posted on 9/28/17 at 5:21 pm to Carson123987
their slave driving is legendary
for a firm in Lafayette
that's NYC-level billing and shite
for a firm in Lafayette
that's NYC-level billing and shite
1
Posted on 9/28/17 at 5:23 pm to SlowFlowPro
2300 in Lafayette?
I'd be lateraling at 2 years without question. What a joke.
I'd be lateraling at 2 years without question. What a joke.
Posted on 9/28/17 at 5:23 pm to boosiebadazz
quote:
Probationary program to get you up to the required amount or just let you go.
Bill you out at $200/hour for 2,000 billable hours= $400,000 revenue. Pay you $95,000 and $305,000 goes to overhead/administrative/ partner's pockets. $200 an hour and 2,000 hours are both conservative estimates as well
Yup, you're spot on. The practice of law is getting to a point where firms are taking equity partners equity away if they don't bill enough. In my opinion, you'll start seeing less and less partners (the rainmakers are the only equity partners) and more and more staff lawyers. It's already happening in NYC. It sucks because it's the destruction of the traditional practice of law so a few people can get really rich. It's greedy as frick. I couldn't imagine being a staff lawyer knowing I'd be making $75k a year plus maybe a $10k bonus for the rest of my life while some older guy is bringing in $2M. The practice turns into a corporation and not a law firm. I think it's on the horizon
This post was edited on 9/28/17 at 5:29 pm
Posted on 9/28/17 at 5:27 pm to Teddy Ruxpin
quote:
The one variable that no one can tell a prospective student.
For one, what kind of law you practice is basically who will hire you out of law school.
Then it's who knows what the culture of the firm/practice group is.
Those things can rapidly change how worth it is and you don't have much control over it
Truth.
Posted on 9/28/17 at 5:30 pm to Teddy Ruxpin
quote:
'd be lateraling at 2 years without question. What a joke
That's what everyone does apparently.
Posted on 9/28/17 at 5:30 pm to Jim Smith
i'm all for the deconstruction and decentralization of law firms, but it will take time. eventually computer algorithms and self driving cars will take away 90% of all legal work so the industry (i hate saying "practice") will not be the same moving forward
Posted on 9/28/17 at 5:34 pm to SlowFlowPro
quote:
eventually computer algorithms and self driving cars will take away 90% of all legal work so the industry (i hate saying "practice") will not be the same moving forward
That seems to be the way a lot of people are thinking.
Posted on 9/28/17 at 5:35 pm to TheOcean
quote:As a CPA formally in public accounting, 1900 hours would have been nice
1900 hours assuming a 50 work week year is 38 hours/week. That's billable hours. That's like 60-70 hours/week working for someone else.
Not to mention 1900 is the minimum
I always got so pissed when clients balked at our billing price, when they were paying their lawyers who didn't do shite really $500/hr
Posted on 9/28/17 at 5:36 pm to DirtyMikeandtheBoys
quote:What? Are lawyers complete idiots?
They probably have to work 60-80 to bill 40
40 hours billable used to take me around 44-46 hours
Posted on 9/28/17 at 5:41 pm to Teddy Ruxpin
quote:
I'd be lateraling at 2 years without question. What a joke.
not sure how long my dad was there, but he rolled out and started his own firm, and over time he got like 6 of the Preis & Kraft lawyers to come join him
during their heyday, they made BANK when bonus time rolled around...but they were worked like dogs. it's no way to live. not sure how they still attract talent
This post was edited on 9/28/17 at 5:45 pm
Posted on 9/28/17 at 5:47 pm to Carson123987
quote:
not sure how they still attract talent
Not sure they do
Posted on 9/28/17 at 6:07 pm to lsupride87
quote:
quote: They probably have to work 60-80 to bill 40 What? Are lawyers complete idiots? 40 hours billable used to take me around 44-46 hours
Lol an accountant in a discussion about billables. The kids table is over there buddy
Posted on 9/28/17 at 6:17 pm to Elleshoe
Posted on 9/28/17 at 6:20 pm to Jim Smith
quote:
(quality defense firms
Posted on 9/28/17 at 6:21 pm to Elleshoe
CPAs actually bill real hours
We don't put "research" in.....
We don't put "research" in.....
Posted on 9/28/17 at 6:36 pm to tketaco
quote:
GF took the Bar over the summer, worked as a Paralegal for several years then "baby lawyer". Hired on to a firm till her results come in November at $75k. Will get paid full salary afterwards.
Did she have to frick all of the partners or just one?
Posted on 9/28/17 at 6:49 pm to Gnarkill
Let me contact one of my attorneys that post here: lammo, Elleshoe, sabi, iona, teddy ruxpin, and sfp
lol gotten off so many armed robberies.
lol gotten off so many armed robberies.
This post was edited on 9/28/17 at 6:51 pm
Posted on 9/28/17 at 6:50 pm to lsupride87
You're a clown
Posted on 9/28/17 at 6:52 pm to S
Bro...I don't get included?
You know I'd have your back
You know I'd have your back
This post was edited on 9/28/17 at 6:52 pm
Posted on 9/28/17 at 6:58 pm to S
quote:
Let me contact one of my attorneys that post here: lammo, Elleshoe, sabi, iona, teddy ruxpin, and sfp
i may have to do a OT attorney power ranking
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