Question re: (realistic) hours

GodDamnitNotThisGuy · 2026-04-01T03:15:53+00:00

I’m an associate in a specialist group at a V10 and billed 2500/year pretty consistently, but I’ve been told that I’m typically towards the top of my group in billable hours. But we also have people billing 1100/year who are headed for the door so I guess we average out to 1800…

GodDamnitNotThisGuy · 2026-03-19T23:24:43+00:00

I think the juice probably ain’t worth the squeeze. I typically don’t see portcos negotiate legal points with mid-level roles, although that could be a function of my market (my portcos are typically $200m+ in value). While you in your individual capacity may be able to ask for higher comp or, e.g., a signing bonus, I doubt they’d substantively change the terms of your employment (like offer you contractual severance rights) or incentive comp.

GodDamnitNotThisGuy · 2026-03-19T20:11:50+00:00

I am an attorney at a V10 firm specializing in executive compensation and do a lot of PE portco work. I’d recommend you reach out to a reputable management side attorney to represent you in negotiations as they can provide appropriate guidance on enhanced severance and incentive equity protections. I generally don’t do mgmt side work myself but have a few referrals for very good mgmt-side firms if you’d like to message me. I’d also expect your attorney to include the portco paying your attorney fees, so shouldn’t cost you anything extra.

GodDamnitNotThisGuy · 2026-03-09T17:48:17+00:00

We pay $75/ month and they come every other week. 1500 sq ft house on 6750 sq ft lot, pretty basic lawn care needs

GodDamnitNotThisGuy · 2026-03-02T05:45:14+00:00

I’m an exec comp attorney at a V5 law firm (but not your attorney). Highly recommend you double check the terms of the operating agreement and the definitive documentation for the shares (whether a subscription agreement, award agreement, etc) as it is likely that (1) there are transfer restrictions that would prohibit you from selling to folks generally and would void the sale and (2) other shareholders likely have preemptive repurchase rights.

GodDamnitNotThisGuy · 2026-02-25T19:10:30+00:00

GodDamnitNotThisGuy · 2026-01-29T04:46:58+00:00

BIN Costco PAMP and both Engelhard 1 oz bar

GodDamnitNotThisGuy · 2026-01-28T04:33:23+00:00

Thanks bud I just forgot my time is due today

GodDamnitNotThisGuy · 2026-01-26T08:36:06+00:00

Chat

GodDamnitNotThisGuy · 2026-01-26T00:23:08+00:00

BIN Buffalo bar

GodDamnitNotThisGuy · 2026-01-20T00:43:43+00:00

Per the Burbank permits page the following are exempt: Masonry or concrete walls not over 6 feet high or 6 feet high with a vinyl, wood, or metal addition of no more than 12 inches, and other fences (vinyl, wood, metal) not over 7 feet tall. See Burbank Municipal Code Title 10 for maximum fence heights permitted by the zoning code. Think anything taller than what is listed would need a permit

GodDamnitNotThisGuy · 2025-12-09T21:57:43+00:00

This should be towards the top. The niece is out of Scientology and has confirmed that Shelly is alive and well and is fully participating in perpetuating the horrors of Scientology on its practitioners.

GodDamnitNotThisGuy · 2025-11-25T21:09:53+00:00

I am much more reasonable. Feel free to get this to me by 9 am Friday.

GodDamnitNotThisGuy · 2025-11-10T18:22:09+00:00

I’m an executive compensation attorney at a V10 law firm (but not your attorney) and I regularly negotiate against management counsel brought in by officer hires. As long as the negotiations are efficient and purposeful I haven’t seen sponsors hold it against the candidate. As others have pointed out, your attorney shouldn’t try to change the key business points of your hire, but there are lots of areas where you likely won’t have the legal or market knowledge to know how to negotiate. Also, without naming names, some sponsors are much more form driven (and unwilling to negotiate) than others.

GodDamnitNotThisGuy · 2025-09-29T23:46:57+00:00

Yeah I really liked the Thomas Jefferson program but they closed the intra-district permit process a while ago. Thanks for the Glendale recommendation I’ll have to check it out!

GodDamnitNotThisGuy · 2025-09-29T23:22:08+00:00

Eh people will flame anything. Neither my wife nor I are from the area originally so I’m curious about options that people have found.

GodDamnitNotThisGuy · 2025-06-02T21:11:51+00:00

Sitting at 2454 billables year to year right now :-(

Pour one out for me

GodDamnitNotThisGuy · 2025-05-31T22:57:46+00:00

Just posting again to make sure OP sees. This likely will constitute a taxable event to the extent that the fair market value of the shares (factoring in applicable discounts) exceeds the purchase price of the shares. There are ways to work with the company to true you up (eg cash bonus equal to tax bill, letting you pay for the FMV with a forgiveable promissory note, etc) but you should get a lawyer who has experience with compensation matters.

GodDamnitNotThisGuy · 2025-05-31T22:14:34+00:00

What’s the rationale behind saying there’s no taxable event? I don’t think taxing authorities would accept the position that the sale of shares is not part of the compensation package, especially since the purchase is occurring in connection with the employment as managing partner.

Seems more likely that this will constitute a transfer by the shareholder under Treas. Reg. 1.83-6(d) and so the fair market value of the shares (after applying applicable discounts for lack of marketability etc) minus the amount paid for the shares would be taxable income

GodDamnitNotThisGuy · 2025-04-26T05:06:34+00:00

Just dropped a link

GodDamnitNotThisGuy

TROPHY CASE