Corporate --> personal injury
| ...,,...,.,.,....,,.........,.... | 05/19/12 | | Mance Gaydar | 05/19/12 | | ...,,...,.,.,....,,.........,.... | 05/19/12 | | A cocksure atheist with a 115 IQ and a LAC degree | 05/19/12 | | Mance Gaydar | 05/19/12 | | Ulysius Johnsmeyer, J.M. | 05/19/12 | | Ulysius Johnsmeyer, J.M. | 05/19/12 | | ....;.;;;::;,,..;,.;.,,;.;..,;.;.;;; | 05/19/12 | | Idris Elba | 05/19/12 | | A cocksure atheist with a 115 IQ and a LAC degree | 05/19/12 | | ,,.,,.,,.,.,.,.,..,..,..,.., | 05/19/12 | | ...,,...,.,.,....,,.........,.... | 05/19/12 | | michael yidd-killchrist | 05/21/12 | | ...,,...,.,.,....,,.........,.... | 05/21/12 | | Ulysius Johnsmeyer, J.M. | 05/19/12 | | Ulysius Johnsmeyer, J.M. | 05/19/12 | | ...,,...,.,.,....,,.........,.... | 05/19/12 | | ...,,...,.,.,....,,.........,.... | 05/19/12 | | Doggie Suicide* | 05/19/12 | | ,,,,;;;,,;,,,;,,,,,,,;;;;;,,;,;,;,,,;,; | 05/20/12 | | .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,. | 05/19/12 | | ...,,...,.,.,....,,.........,.... | 05/19/12 | | ............;................;............. | 05/21/12 | | ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;; | 05/19/12 | | MooTTT CourTTT AllsTTTar | 05/20/12 | | ...,,...,.,.,....,,.........,.... | 05/21/12 | | NoFaultPIP | 05/21/12 | | ;;.;.;,;,;,;;... | 05/21/12 | | ...,,...,.,.,....,,.........,.... | 05/21/12 | | Frankenstein's monster made of dead dicks | 05/21/12 | | ..,.,;..;...;:..;.,...;..,..:.,.... | 05/21/12 | | ...,,...,.,.,....,,.........,.... | 05/21/12 | | Obongo's America | 05/21/12 | | MooTTT CourTTT AllsTTTar | 05/21/12 | | .,.,.,.,,,,.,.,..,.,.,.,.,.,.,, | 05/21/12 | | ...,,...,.,.,....,,.........,.... | 05/21/12 |
Poast new message in this thread
Date: May 19th, 2012 11:30 AM Author: ...,,...,.,.,....,,.........,....
I work in a F100 law department and make $100k plus the usual benefits. My father in law is a solo personal injury attorney, and he is 52 years old. Out of the blue last night, he asked me if I wanted to join his practice, as he is wanting to ease out, yet keep his name on the door. He disclosed his last five years AGI and it was an average of just under $950,000.
I have been an attorney for two years. I have an accounting ugrad and finished top 5% from a T30. NEVER had I considered this type of law, but dodging the corporate BS and making more money sounds enticing. Any thoughts?
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20722940) |
 |

Date: May 19th, 2012 2:41 PM Author: ...,,...,.,.,....,,.........,....
No - it is far from salaried and he will still be bringing home the bulk. As long as his name is still associated and he brings in clients, I don't think I could do that bad.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20723643) |

Date: May 19th, 2012 11:37 AM Author: Idris Elba (Fighting for his life and his skittles. . .)
Your DAD made $900k.
That doesn't mean you will make anything CLOSE to that.
Your dad has spent an entire career building his firm and gathering clients. People come to him b/c they KNOW what he's capable of or thru word-of-mouth.
I'd take it over only if you are prepared to suffer the good and the bad LOOOONG before you hit your first big case.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20722971) |
 |

Date: May 19th, 2012 11:46 AM Author: ,,.,,.,,.,.,.,.,..,..,..,..,
Yeah. The father-in-law is offering to have him join his practice, with the father-in-law eventually easing out. OP is not just saying "should I become a PI lawyer? Cuz I know a PI lawyer who makes a lot of money."
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20722998) |
 |

Date: May 19th, 2012 11:45 AM Author: ...,,...,.,.,....,,.........,....
This is my father in law, not my father. He would keep working like normal so I could learn for a while. Then, he will just bring in business and have me do all of the work. His job gets reduced to phone calls, and he still gets income.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20722995) |
 |

Date: May 19th, 2012 11:47 AM Author: ...,,...,.,.,....,,.........,....
And, for what it is worth, he is 6'4" and I am 6'. Both athletic.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20723002) |
 |

Date: May 20th, 2012 8:21 PM Author: ,,,,;;;,,;,,,;,,,,,,,;;;;;,,;,;,;,,,;,;
what kind of law?
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20732415) |

Date: May 19th, 2012 11:49 AM Author: .,,.....,.,.,.,:,,:,,.:,:::.,,.,:,.,.::.:.,:.::,.
why the hell wouldn't you do this?
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20723006) |

Date: May 19th, 2012 3:19 PM Author: ;;;;;;;;;;;;;;;;;;;;;;;;;;;;;;
This seems like a great idea to me. The biggest challenge in P.I. practice is building the brand so you can sustain an inventory of cases at all stages from intake to settlement. Father-in-law already put in the work to build the brand and now you can keep his name on the door and the pipeline going long after he retires. The legal work itself is hardly rocket science.
You can do things when and how you want to b/c you have clients who mostly will have no idea whether you're doing the right thing or not, you don't have to run your drafts and strategy calls by them to nearly the extent you do on the defense side.
Caveat 1- I'm a civil defense litigator so that clouds my view somewhat as compared to OP's in-house corporate situation
[edit] Caveat 2- I'd love to find a similar situation, but lack the relative in the business. have thought about whether i can just find an old lawyer who lacks someone younger to take over in his family and propose a similar arrangement where he phases out and keeps making money b/c I'll be much better at the legal than most idiot assocs he could hire and need to supervise
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20723864) |
 |

Date: May 21st, 2012 11:45 AM Author: ...,,...,.,.,....,,.........,....
He is going to stick around. He is tired of working but knows it would be crazy to just leave his practice. He makes about half of his income referring cases to others. I'm wondering if I can maintain his success as long as I keep his name on the door. Scary part is once I take this path, there is no going back to corporate law.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20735902) |
 |

Date: May 21st, 2012 11:59 AM Author: NoFaultPIP
the only barrier2 to PI work is 1) book of business and 2) necessary capital to fund the first trickle of cases which take about 4 years to get going.
BOTH of those barriers are eliminated in OP's scenario.
I sit right now as a clerk going through the correspondence on a "proof of due diligence" deal, making shit, my "shitlaw boss"...he doesn't come in on mondays. He just jiggles his balls at home on mondays. It's not a bad life once you get past the shitty first years which you are being offered to essentially SKIP.
sounds like a good deal, bro.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20735931) |
 |

Date: May 21st, 2012 7:25 PM Author: ...,,...,.,.,....,,.........,....
He does try some cases, but his bread and butter come from referring cases to others. I don't know why he would offer me a piece of a referral he gets. Why would he share 200k that he makes from making a couple of phone calls?
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20738441) |

Date: May 21st, 2012 9:02 PM Author: .,.,.,.,,,,.,.,..,.,.,.,.,.,.,,
did you get in-house right out of LS? If so, please describe.
(http://www.autoadmit.com/thread.php?thread_id=1952116&forum_id=2#20739104) |
|
|