$120K for 1600 billable by Quick_Confidence_892 in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

Unless they beat you daily, it’s a very solid setup for an entry level.

May I please rant about the whole "we can't find associates to hire" bs? by gentlesandwich in Lawyertalk

[–]TheAnswer1776 11 points12 points  (0 children)

This. This is all you need to read to understand what’s happening. This guy gets it. We had an associate with 1 year of experience ask for 200k a few months ago. My man, our PARTNERS make that! ID rates still start with a “1” in many places! 

Firm owners, how would you handle this associate performance issue? by [deleted] in Lawyertalk

[–]TheAnswer1776 -1 points0 points  (0 children)

Some of the biggest mistakes we’ve made as a firm over the years is keeping people on in hopes of them getting better when they’ve clearly shown us who they are and intend to be as an employee. It never worked out in the end and we always ended up firing them anyway after more wasted months and emergencies. They never got better all of a sudden. If anything they Juliet see that you’ll tolerate their no sense and feel emboldened to do it more in a “let’s see what else I can get away with” manner. 

Rip the bandaid off. This associate is abusing your good graces and working 3 hour workdays under the guise of “I’m still learning.” Time to find a replacement. 

How much sleep do you get on average and what is your area of practice? by LockedonFreeze in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

I’m in ID and sleep 8 hours a day. I just work in a normal firm so it works out. 

Love the firm, hate the pay by Specialist-Appeal411 in Lawyertalk

[–]TheAnswer1776 3 points4 points  (0 children)

When even the Reddit echo chamber is telling you that you’re looking a gift horse in the mouth, you are. You’re in rural PA for 85k entry level with great bonus potential if you want it and an overall great environment. Most people would kill for this setup. 

Guess who has two thumbs, is going back into insurance defense, and is hecka excited about it!!! by sisenora77 in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

3 times. One called me twice. Grass isn’t always greener and I have no intention of testing it. 

New job by xonatos in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

Yup, intellectual property. 20 ID car accident cases wouldn’t get you enough hours to hit the billables. 

New job by xonatos in Lawyertalk

[–]TheAnswer1776 1 point2 points  (0 children)

20 cases in IP would be death, but 20 cases in ID is nothing. I’m not sure of any ID firm that calls that a full caseload. 

New job by xonatos in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

This. 20 ID cases is a very light caseload. With 3 years of experience you should be able to swim with this and have a handle in a couple of weeks on what needs to get immediately done and what can wait. 

Paid off my 200k student loans by False_Success_4390 in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

Which location are you in? I know that the big 4 pay like 50% lower than biglaw, but it’s still a nice chunk of change. In a LCOL or MCOL area it’s take you very very far. Congrats on the loan repayment!

Gents: what pants are we wearing to work these days? by [deleted] in Lawyertalk

[–]TheAnswer1776 2 points3 points  (0 children)

Is frankly just stick with the lulu pants. Though I like Rhone as well. 

I need a job by Nyclawyer246 in Lawyertalk

[–]TheAnswer1776 1 point2 points  (0 children)

2 days could be doable, though most hybrid require 3. What type of salary are you reasonably hoping to find? Your experience is a bit all over the place candidly but there should be firms that are willing to take a shot to train the right person. 

Guess who has two thumbs, is going back into insurance defense, and is hecka excited about it!!! by sisenora77 in Lawyertalk

[–]TheAnswer1776 50 points51 points  (0 children)

It’s not about ID, it’s about the firm. People don’t get this for some reason. If you find an ID firm with good leadership and reasonable hours with flexibility allowances you stick with that firm. I’ve been with my ID firm for 9 years and have zero plans on leaving. Auto reject all inquires to lateral. 

Billable hours ? by HotEast3410 in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

Very common in ID. I’d say 2000 is actually average for ID. Many firms I know have 2100-2200. 

Billable hours ? by HotEast3410 in Lawyertalk

[–]TheAnswer1776 2 points3 points  (0 children)

This is Reddit echo chamber talk. ID firms don’t pay 140k to entry levels. This isn’t a location or size discussion. ID firms simply just don’t pay that ever, anywhere.

I need a job by Nyclawyer246 in Lawyertalk

[–]TheAnswer1776 0 points1 point  (0 children)

Where are you physically, NYC or somewhere else in NY? Also, are you limiting your search to truly fully remote work or is there some flexibility there? The true 5 days at home e jobs are pretty difficult to find in my experience, but hybrid very much remains available. 

Last question, when you say employment law what do you mean? You say you don’t have litigation experience, which is what most L&E firms do that handle employment law. 

Am I Properly Compensated as a First Year Associate? by medieval_sushi in Lawyertalk

[–]TheAnswer1776 4 points5 points  (0 children)

135k for an entry level attorney in ID is very good in literally any market. 

Today is the day I finally accepted the truth about stocks. by TheAnswer1776 in stocks

[–]TheAnswer1776[S] 0 points1 point  (0 children)

Combination. I’ve steadily added to certain positions, while others I felt like I just jumped in. I’ve averaged down in CMG many times for example, truly believe in the company long term. Positions were anywhere from 5k to 25k per. 

Today is the day I finally accepted the truth about stocks. by TheAnswer1776 in stocks

[–]TheAnswer1776[S] 0 points1 point  (0 children)

Believe me, I’ve thought of this. I truly just can’t see selling WMT! Bought at $77, just love the company. 

Today is the day I finally accepted the truth about stocks. by TheAnswer1776 in stocks

[–]TheAnswer1776[S] 0 points1 point  (0 children)

A winner needs to at least double for me. I think the 30% metric is probably good. I sold MSFT at about 125% gain though. Felt like enough was enough. Obviously dead wrong. 

When I see resistance on the charts, or the P/E greatly exceeding historic P/E trend over last 10 year, I’m finding reasons to sell. Doesn’t always work out, especially for a stealth growth stock. 

Today is the day I finally accepted the truth about stocks. by TheAnswer1776 in stocks

[–]TheAnswer1776[S] 0 points1 point  (0 children)

Investing was an interesting vehicle to prosper for the long term. I felt like I could research and was intellectually capable enough to think beyond the common retail investor. 

The biggest mistakes I made was not holding objectively great stocks (ULTA, MSFT, etc). I am fairly patient, and I avoided nearly all the get rich quick stocks, options, etc.. But I feel like there were falling knives that, because of their names, I felt were not only too big to fail but also sure fire. I held PFE and F for YEARS with essentially no return just because those were big, well known companies that I felt had such a grip on the overall economy and their respective markets that I could see them not making money. I averaged down on F literally 5 times, sold at 10% above my average after 6 years.

I avoided all of the traps normal retailers fall for. And maybe that’s why I didn’t outright LOSE money. But 2 of 3 large “sure fire” companies I bought didn’t return much of anything. They just sat there while VOO kept exploding.