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Go solo, charge $250/hr, average only 12 hours per week.
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Date: October 30th, 2014 10:44 AM Author: Motley peach garrison Would gross just under 160k. Could probably keep overhead to 25k/yr. How impossible is this? (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614449) |
Date: October 30th, 2014 11:14 AM Author: know-it-all office electric furnace bro just bill an extra 4 hours a week and cut overhead and cop that 20 hr week for $200,000 lifestyle
(you may have a little bit of unbillable time each week) |
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Date: October 30th, 2014 11:18 AM Author: crusty sadistic base bro just bill an extra 8 hours a week and cut overhead and cop that 40 hr week for $400,000 lifestyle
(you may have a little bit of unbillable time each week) |
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Date: October 30th, 2014 11:23 AM Author: floppy preventive strike box office this is what most solos do for their first year after starting out. after that, he should consider hiring a few fresh law graduates to help out, pay them $70K and he should net $1.5 million or so (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614609) |
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Date: October 30th, 2014 11:21 AM Author: Laughsome mustard private investor my bro does almost exactly this in are country and everyone treats him like a god and he plays golf and drinks as much as he works (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614598) |
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Date: October 30th, 2014 11:27 AM Author: glassy lay How much does he make? and what practice areas? (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614629) |
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Date: October 30th, 2014 11:30 AM Author: Laughsome mustard private investor around 400 last time i asked. he just bought a second office next to the courthouse for dudes to hand out dui coupons. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614642) |
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Date: October 30th, 2014 11:30 AM Author: orchid galvanic associate native Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614644) |
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Date: October 30th, 2014 11:36 AM Author: Laughsome mustard private investor pi family law workers' comp and dui/underage coupons from police bar raids (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614672) |
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Date: October 30th, 2014 11:43 AM Author: orchid galvanic associate native Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614704) |
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Date: October 30th, 2014 11:45 AM Author: Laughsome mustard private investor lol no man he's stupid as fuck. sometimes clients call and he'll be sitting there on the phone drawing a picture of a rooster. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614717) |
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Date: October 30th, 2014 11:48 AM Author: orchid galvanic associate native Post removed by moderator for violating The Law of The Land. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614731) |
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Date: October 30th, 2014 11:50 AM Author: Laughsome mustard private investor he hands out literal coupons around all the bars and everyone knows the number when they get in trouble and he's just a chill dude and everyone in town knows him because he's always golfing and hanging out drinking with everyone (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614751) |
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Date: October 30th, 2014 11:38 AM Author: glassy lay 400 huh? I call FLAME (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614678) |
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Date: October 30th, 2014 11:41 AM Author: Laughsome mustard private investor idk man seems like a law business is the way to go not flame (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26614695) |
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Date: November 3rd, 2014 1:14 PM Author: very tactful marvelous toaster The hourly rate probably isn't crazy. The median for solos in Arizona is about $250, and that holds whether its a home office or a regular office.
[Edit: State bar survey: http://i.imgur.com/VbKjgzt.jpg But the response rate is weak.] |
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Date: November 3rd, 2014 1:16 PM Author: Motley peach garrison And billing 625 hours or so per year doesn't seem all that impossible, while dedicating the other 30 hours per week to marketing and admin. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26639706) |
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Date: November 3rd, 2014 8:21 PM Author: obsidian bull headed factory reset button indian lodge The hourly rate isn't crazy, maybe a little high, more like $200-225 for typical generalist type of solo, but averaging 12 hours a week is extremely difficult. Most people don't get the kind of clients that give yearly business. They'll give you one thing to do, you spend 20 hours on it or whatever, and then it's over, and then you don't see that client again forever, and then you have nothing coming in. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26642083) |
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Date: November 3rd, 2014 5:31 PM Author: Bearded Aromatic Party Of The First Part Codepig Lol, and what percentage of that is collectible? (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26641204) |
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Date: November 3rd, 2014 5:41 PM Author: Arousing outnumbered wrinkle milk Ding Ding Ding we have a winner. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26641247) |
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Date: November 3rd, 2014 8:26 PM Author: shaky round eye (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26642110) |
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Date: November 3rd, 2014 6:18 PM Author: duck-like telephone stage Cr. People don't realize how much time is spent on collections and the ridiculous amount of receivables shit lawyers have that they won't ever see a dime of. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26641401) |
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Date: November 4th, 2014 10:55 AM Author: Low-t Grizzly Feces Hm, good point. You'd probably have to add another 2-3 hours a week to make up for the odd hour that's not collectible. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26645900) |
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Date: November 4th, 2014 10:56 AM Author: shaky round eye LOL try another 10-15 hours. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26645904) |
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Date: November 4th, 2014 10:56 AM Author: duck-like telephone stage and all the time following up with people and trying to actually get paid. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26645909) |
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Date: November 4th, 2014 11:07 AM Author: Arousing outnumbered wrinkle milk don't forget getting sued by your clients when they don't want to pay you and claim you did a shitty job. Enjoy getting malpractice insurance premium pwned. (http://www.autoadmit.com/thread.php?thread_id=2713877&forum_id=2#26645948) |
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Date: November 4th, 2014 11:06 AM Author: Arousing outnumbered wrinkle milk Look breh. I used to work in an industry where I saw what a lot of lawyers made per year. Unless you are really industrious or have a super super super niche area you won't be making nearly as much as you think. I saw most solo practice attorneys making 50-80 k a year. The attorneys who make more either work 60+ hours a week and HUSTLE or aren't solo and run a small shop.
Small shop is probably the correct way to do things if you want to do more admin and less law. |