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How much do IP partners at small boutique make?
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Date: October 23rd, 2014 10:24 PM Author: Puce principal's office About 4-5 attorneys, 1-2 of counsel, 3 associates? Talking Atlanta. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575012) |
Date: October 23rd, 2014 10:25 PM Author: charismatic organic girlfriend travel guidebook pros? proly in the low 300s (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575015) |
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Date: October 23rd, 2014 10:27 PM Author: Puce principal's office pros indeed. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575036) |
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Date: October 23rd, 2014 10:27 PM Author: Puce principal's office I was thinking more around 200-250K. No? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575038) |
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Date: October 23rd, 2014 10:28 PM Author: domesticated tripping university that seems low. i worked for a solo traditional labor lawyer a few years ago. his practice was kinda winding down and we weren't drowning in work, and his revenues were around 700k/year. he must have been keeping over 400 of that. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575049) |
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Date: October 23rd, 2014 10:29 PM Author: Puce principal's office But you realize that is not typical right? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575051) |
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Date: October 23rd, 2014 10:31 PM Author: domesticated tripping university will you fuck my ass? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575073) |
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Date: October 23rd, 2014 10:32 PM Author: Puce principal's office Ok, so flame. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575083) |
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Date: October 23rd, 2014 10:36 PM Author: domesticated tripping university it was true, bro. i do recognize that it is unusual, and would like you to pound my ass.
still, 250 for a partner at a boutique seems low, especially IP shit. |
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Date: October 23rd, 2014 10:37 PM Author: Puce principal's office Not necessarily.
http://www.payscale.com/research/US/Job=Law_Firm_Partner/Salary |
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Date: October 23rd, 2014 10:39 PM Author: Filthy Aromatic National So why did you ask the fucking question if you're a MFE?
Also lol @ payscale |
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Date: October 23rd, 2014 10:42 PM Author: Puce principal's office Just seems like people pulling numbers out of their butts. But then what else can there be? My mistake to begin with. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575155) |
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Date: October 23rd, 2014 10:40 PM Author: Yapping appetizing dragon school An experienced IP partner in the south can pretty easily bill $500+ an hour. If he bills 1650 hours a year and collects 85% of that, that's $700k in revenue a year. So they probably do pretty well for themselves. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575136) |
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Date: October 23rd, 2014 10:49 PM Author: Cowardly people who are hurt codepig except most CS/EE prosecution is capped budget these days, so can bill a billion/hr and still only collect 5-7K for an application. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575211) |
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Date: October 23rd, 2014 10:51 PM Author: Puce principal's office My thoughts were anywhere from 200-250-~300K. Sound crazy to you? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575219) |
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Date: October 23rd, 2014 10:52 PM Author: well-lubricated pit brethren Yes this is doable. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575233) |
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Date: October 23rd, 2014 10:53 PM Author: Puce principal's office Which part of the range is it more likely to fall on? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575238) |
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Date: October 23rd, 2014 10:55 PM Author: well-lubricated pit brethren For support partners without books, 200. The partners with their own clients could be making 300-400. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575255) |
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Date: October 23rd, 2014 10:57 PM Author: Puce principal's office So pretty close to an inhouse salary at a larger company then? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575270) |
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Date: October 23rd, 2014 10:59 PM Author: well-lubricated pit brethren Sure if you're talking Google. I imagine a lot of inhouse positions are paying more like 150. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575288) |
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Date: October 23rd, 2014 11:00 PM Author: Puce principal's office In my market inhouse as a mid level (~5-6) will net you about low 200s all in (larger company). 250K after 8-9 years of total experience. 300K+ when you are a "senior" counsel. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575294) |
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Date: October 23rd, 2014 10:54 PM Author: Cowardly people who are hurt codepig sounds reasonable for a very small shop with a steady flow of work. I think you can make more as you leverage and hire more agents/juniors to do work for you. I am guessing for large IP boutiques (i.e., > 10), partners can make closer to 400-500K, maybe more at bigger places. But you aren't going to 1mil+ unless you are doing litigation or work for a very large firm. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575243) |
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Date: October 23rd, 2014 10:55 PM Author: Puce principal's office Well consider the leverage ratio based on 4 partners, 2 counsel, 3 associates? I am guessing it is more likely in the 200-250 range. Or not much better than going inhouse. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575254) |
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Date: October 23rd, 2014 10:58 PM Author: Cowardly people who are hurt codepig depends on the in-house. IP in-house in Cali pays 200+ easily, but around DC area and east coast it's super-competitive because there aren't too many tech companies and so the salaries are deflated to 150-170 base (assuming you can even get a job). (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575283) |
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Date: October 23rd, 2014 11:00 PM Author: well-lubricated pit brethren Yeah basically unless you are willing to live in the Silicon Valley sausage fest, you are usually looking at < 200. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575300) |
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Date: October 23rd, 2014 11:03 PM Author: Puce principal's office Man IP inhouse compensation sounds like the inverse of law firm compensation. That is, there is a premium in law firms and a decided lack thereof at the inhouse level. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575317) |
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Date: October 23rd, 2014 11:05 PM Author: Cowardly people who are hurt codepig premium in law firms? Since when? This isn't 2000. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575330) |
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Date: October 23rd, 2014 11:06 PM Author: Puce principal's office I am out the loop brother. Last I checked IP associates in secondary markets were pulling a premium over other associates. Maybe times changed post 2009. I will concede the point if so. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575342) |
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Date: October 23rd, 2014 10:58 PM Author: well-lubricated pit brethren Agents are key. Just gotta get them to the point where their work isn't so bad that it pisses off your clients. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575279) |
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Date: October 24th, 2014 10:13 AM Author: Yapping appetizing dragon school Oh. Yeah, I clearly don't know what I'm talking about. Thanks for the info. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26576961) |
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Date: October 23rd, 2014 10:52 PM Author: well-lubricated pit brethren Good luck billing that unless you are bringing in enough work and have enough people below you to be a full time reviewer. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575228) |
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Date: December 2nd, 2014 2:14 AM Author: Razzmatazz peach menage (retard) (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26840630) |
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Date: October 23rd, 2014 10:53 PM Author: well-lubricated pit brethren Probably 200K (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575237) |
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Date: October 23rd, 2014 11:00 PM Author: Puce principal's office So really about 200-250K then all said and done? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26575302) |
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Date: April 20th, 2016 11:34 PM Author: hot church mood This is just wrong wrong wrong. You have no credibility (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30315849) |
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Date: October 23rd, 2014 11:09 PM Author: Honey-headed roast beef very hard to pull more than 250 unless they work like insane dogs and for whatever reason can get around billing caps. especially in the pricing rat race of a major metro with a billion IP dudes cannibalizing each other.
anyone claiming more than that ITT is just trying to rile you up. |
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Date: October 24th, 2014 3:19 AM Author: Boyish Idiotic Resort (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26576288) |
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Date: October 24th, 2014 3:21 AM Author: Boyish Idiotic Resort I'm in IP. EE/CS. For OP's setting? 200-300K. For elite boutiques at SV? Partners make 1 mill +. cop dat STEM. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26576294) |
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Date: December 1st, 2014 4:54 PM Author: Puce principal's office So more concrete data. 4 partners, 2 counsel and about 5 or 6 associates and examiners. How much would a partner make? Pure pros shop. No litigation. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26836916) |
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Date: December 2nd, 2014 12:59 AM Author: Walnut pea-brained set rigor 250k pros is a fickle bitch nowadays. Especially for the small shop. Even the big companies are looking for deals - ~40hrs of work at 5-7k fees. no one breaks even with that. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26840159) |
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Date: December 2nd, 2014 7:14 PM Author: Nofapping thriller stage Might as well do automobile insurance defense for Geico. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26844265) |
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Date: December 2nd, 2014 2:16 AM Author: Razzmatazz peach menage calling firms "shops" automatically disqualifies you from all nonfaggotry. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26840646) |
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Date: December 2nd, 2014 1:22 PM Author: Lilac sickened shrine I don't think this board has a good idea of IP salaries. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26842300) |
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Date: December 2nd, 2014 7:05 PM Author: Puce principal's office What do you think then? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#26844224) |
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Date: April 15th, 2016 7:39 PM Author: hot church mood This is bs. For OP's situation you are looking at 300-400k. People posting itt don't know what they are talking about (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30282284) |
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Date: April 15th, 2016 7:41 PM Author: well-lubricated pit brethren OK show your work for how you leverage 3-4 associates to make 300-400k. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30282295) |
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Date: April 19th, 2016 3:29 AM Author: burgundy mind-boggling church building Associates billing 1800 at 275 per hour, collecting 1500 =412,500 each. Each partner billing 1500 and collecting 1,250 at 350-500/hr. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30302440) |
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Date: April 20th, 2016 7:06 PM Author: hot church mood Owned? (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30313738) |
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Date: April 20th, 2016 7:12 PM Author: well-lubricated pit brethren You aren't making all that much off associates based on those numbers. Maybe 100-150K per associate, divided among the partners. I also doubt many of these firms "collect" 500K per partner as suggested. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30313801) |
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Date: April 20th, 2016 9:33 PM Author: burgundy mind-boggling church building Small firms with 4 associates and two partners don't eat 300k per associate on rent and salary.
They also don't tolerate attorneys, partners included, who don't bill. If they do they die.
The numbers I showed are not a stretch and are realistic for a small boutique.
You asked for how to leverage a few associates to make 300k-400k per partner? That's how. Get clients that pay and it works. |
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Date: April 20th, 2016 9:37 PM Author: well-lubricated pit brethren It's pretty hard to get a decent IP associate for less than 200K + 75K overhead.
I don't think your typical IP firm with 2 partners / 4 associates is getting clients that are paying partners $500K a year in billables. The budget pressure in prosecution is tremendous, unless those partners are literal machines that can churn out work product like robots. |
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Date: April 20th, 2016 11:33 PM Author: hot church mood Just give up bro. (http://www.autoadmit.com/thread.php?thread_id=2707943&forum_id=2#30315842) |