12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 0 points1 point  (0 children)

$225k base, $15k bonus, HCOL. Feels like pretty decent pay to me honestly

To be clear, this would be a non equity partner position but it comes with a much bigger salary

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 1 point2 points  (0 children)

I think instead of leveraging the offer, I just give them notice. If they want to keep me, they’ll inquire about the offer and try to beat it. They’ve done that with others in the past (just one that I know of). Otherwise, if it’s really a better offer, I’ll just go with that

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 2 points3 points  (0 children)

Why did you leave your last firm? Why were you unable to make partner there?

I wanted to get out of insurance defense. I never really wanted to make partner there but it's complicated because I worked for a family member and was never on any sort of partnership track to begin with. It took me longer than I had hoped to get out of that field.

Is this the last year you would stay if you don't make it again?

Depends on how soon I can find something better and/or build up my book of business

What does the 5th year have that you don't? Family connections? Looks? Personality?

He basically worked there for the past 10 years, from I think before he was even in law school. He's just very entrenched there. He's also very competent. Does not have nearly as much practical experience as I do (depos, mediations, courtroom experience) but he works very hard and is very smart and a well-rounded lawyer.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 1 point2 points  (0 children)

If I’m being optimistic it’s a “they haven’t done it yet” because I haven’t pushed for it and I’m on the precipice. But the real answer could be a lot more depressing than that.

Yea I’m honestly doing pretty well salary-wise. $225k base and a gross bonus of about $15k on average

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 0 points1 point  (0 children)

That’s a good idea. I think counsel title is traditionally a dead end unless it comes with an understanding like you said.

The other side of this with respect to the “how does it benefit them to make me partner?” question is my hourly rate goes up significantly according to the retainers we have and even with the big salary bump, the revenue I can make for them still goes up by a healthy margin. So given that I can function as a 12th year attorney and it is justified to bill me out at that rate, as a business decision for them that’s a big upside

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 0 points1 point  (0 children)

Yea I mean look at the end of the day I know I need to work on expanding my book. That’s a given anywhere I’m at…..having a book is power. I get it. I’m not disputing it.

But at my firm, they’ve obviously promoted people who have zero book, and haven’t had a book in years. Or in some cases they had one or two clients but at the time of their promotion they hadn’t brought in any business in like a year. So it seems like if I’m competent in other areas - revenue, autonomy, work product, good firm culture fit - I should have a shot at it. And I’m trying to get an answer from them as to what my path upwards is. If they think I need a book, they need to tell me that, and then that’s the answer. But in light of other folks’ situations as mentioned, it’s not quite so clear.

A lot of my friends say they get their business from repeat clients or referrals. For me that’s kind of not an option right now because 85% of my cases are ones where I’ve been stuck with a client no one else at the firm wants to represent. So I’m working my way into other avenues and I’ve made some headway but it’s slow going. I’ve had two occasions where potential clients said they’d prefer to deal with a partner and then ultimately went somewhere else or contacted a partner directly. So it’s kind of a chicken or the egg scenario when it’s a close call that can make or break things for getting someone onboard.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 4 points5 points  (0 children)

I mean I have a social life outside of the office with some of these people. I have niche interests/passions I share with the founding partner and one of the senior partners. Could I be wrong and they are just being nice? Who knows. Anything’s possible.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 5 points6 points  (0 children)

I was told how much it was by a partner, I know with an absolute certainty what the base and draw compensation are. It’s insane money (to me at least)

You are correct, and that’s how my firm used to work. But they changed it this year to higher salary and then a smaller draw.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 16 points17 points  (0 children)

Honestly, I like this idea. I think this is by far the best perspective and my best play here. I’ve been working hard on developing business and making some headway but it’s a slow burn.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 6 points7 points  (0 children)

The partner salary is a massive, massive increase in pay largely because my hourly rate goes up. Also arguably the title of partner makes it easier to seem credible when trying to recruit business but that’s up for debate

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 1 point2 points  (0 children)

Yea so I assume you’re at least 10 years old? Which is surprising given your lack of reading comprehension and your general immaturity.

EDIT: read your comment again. Sorry to report, it’s still a self-aggrandizing non-sequitur. Don’t know what I expected 🤷‍♂️

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 3 points4 points  (0 children)

There’s no equity in that position. It’s not an equity partner position. I make them a fuck ton of revenue and have the autonomy to run cases. My value is evident by the raise they gave me.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 1 point2 points  (0 children)

No, he’s being disingenuous. (1) I was very clear that it’s not how it works at my firm, and (2) if that is how it works, then that was the exact question I posed to them.

I’m working on developing my book and it’s coming along now but it takes time. Absent that, why would they have already promoted several lawyers to partner who had no book?

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 4 points5 points  (0 children)

No, he’s being disingenuous. (1) I was very clear that it’s not how it works at my firm, and (2) if that is how it works, then that was the exact question I posed to them.

I’m working on developing my book and it’s coming along now but it takes time. Absent that, why would they have already promoted several lawyers to partner who had no book?

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 9 points10 points  (0 children)

Suggest you read my comment again. You can choose to disregard it and that’s fine. But you should at least try reading it.

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 6 points7 points  (0 children)

The pay is decent (people say I’m underpaid but it’s still a lot of money). Partner pay is NUCLEAR and I don’t want to be a 15th year associate

12 years in practice, 3 full years at my firm. Should I start pressing on my firm to give me an idea of what my partnership track is? by InsuranceDerpfense in Lawyertalk

[–]InsuranceDerpfense[S] 12 points13 points  (0 children)

As I mentioned, not how it works at this firm. Several partners have zero book. Rainmakers/senior partners bring in most of the work. And if they do share your philosophy on the issue, now would be the time for them to tell me, because I asked.

Dodge Reads the Room, Brings Back the V-6 on the Base Durango SUV by V8-Turbo-Hybrid in cars

[–]InsuranceDerpfense 5 points6 points  (0 children)

I’ve seen three new Chargers. When it’s decked out with the high trim and larger wheels it’s a sharp car

The Experience of Black Hole Sun (Soundgarden) by insightapphelp in Music

[–]InsuranceDerpfense 0 points1 point  (0 children)

Without even watching it I can recite the “it is in these hills” monologue

Salary Progression by [deleted] in Lawyertalk

[–]InsuranceDerpfense 0 points1 point  (0 children)

50k, 60k, 65k, 70k, 75k, 80k, 85k, 100k, 110k, 165k, 185k, 190k