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How much is a fair referral fee
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Date: December 16th, 2014 6:03 PM Author: dashing locus hissy fit Perfect question for the XO crowd. I have a colleague who referred me a case (she's conflicted out--and unattractive (before anyone asks)). She'd like to get some type of referral fee for tossing me the client, and that seems fair.
But how much is a good amount?
I tried Googling, and all the "reputable" places don't answer the question and start talking about ethical rules. But let's set those aside for a second and get to the base question. How much would you consider fair?
I'm taking the case on contingency (it's not personal injury), and my colleague proposed getting 1/3 of my take. That seems high--although she claims that's standard for a personal injury referral. |
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Date: December 16th, 2014 7:38 PM Author: Chocolate deer antler A fair way to think about it is to consider what percentage of your revenue goes to marketing expenses. Another thing to consider is, from a game theory perspective, whether this is a repeated game. If there exists a good chance of more referrals in the future you should pay a higher fee. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26944055) |
Date: December 16th, 2014 7:00 PM Author: boyish emerald gunner Nothing is standard in many places. Otherwise 10%. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26943894) |
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Date: December 16th, 2014 7:02 PM Author: doobsian immigrant chapel we do 5-10% depending on size, nature of business, etc (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26943907) |
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Date: December 16th, 2014 8:22 PM Author: dashing locus hissy fit That's what I was thinking. 10% of whatever I bring in. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26944328) |
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Date: December 16th, 2014 7:17 PM Author: provocative violent foreskin step-uncle's house consider it this way, you tip your engagement ring salesman for helping you SPEND money she's helping you MAKE money so you need to tip her at least as much as you tip him. so 100% or more of the fee imo |
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Date: December 16th, 2014 7:39 PM Author: Spruce Odious Pervert 25%-33% on workers comp/PI .
Edit: that's for the possibility of repeat business |
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Date: December 16th, 2014 8:23 PM Author: dashing locus hissy fit High chance of repeat business. So I'm thinking somewhere in the realm of 10-25%. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26944334) |
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Date: December 16th, 2014 8:24 PM Author: canary arousing casino becky what type of case? (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26944340) |
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Date: December 17th, 2014 11:43 AM Author: dashing locus hissy fit Business dispute. Partnership breaking up. My friend represented the partnership as a whole in good times.
Now one of the partners is saying she's getting screwed in the split up and wants to sue for her share. |
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Date: December 16th, 2014 11:15 PM Author: avocado marvelous trailer park antidepressant drug 5% (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26945693) |
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Date: December 17th, 2014 2:13 AM Author: Awkward church Are there no lawyers on this bort? Industry standard is 1/3 (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26946986) |
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Date: December 17th, 2014 10:09 AM Author: sticky space twinkling uncleanness I think most of us who are lawyers work at big firms. this is a shitlaw question. OP should ask it at JD underground. he/she will likely get a good answer there. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947868) |
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Date: December 17th, 2014 11:41 AM Author: dashing locus hissy fit Good point. I just wanted to go somewhere where people wouldn't skip over the question and jump right to: "[Nerd Voice} Under the Model Rules of Professional Conduct . . ." (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26948364) |
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Date: December 17th, 2014 10:23 AM Author: Chest-beating Galvanic Temple (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947912) |
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Date: December 17th, 2014 10:11 AM Author: swashbuckling bawdyhouse standard is 25% but only if the client was hers first. her getting some random who called the office to go to you doesn't merit more than a bottle of wine as a thank you. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947878) |
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Date: December 17th, 2014 11:42 AM Author: dashing locus hissy fit Her client first. She's conflicted out. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26948373) |
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Date: December 17th, 2014 10:12 AM Author: Curious whorehouse For personal injury? 25/33% of the net attorney fee. I got a nice 18k one last year. (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947879) |
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Date: December 17th, 2014 10:19 AM Author: buff senate if keeping her happy will lead to you getting more $$$ in the future, then keep her happy (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947896) |
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Date: December 17th, 2014 10:24 AM Author: walnut prole university standard is one third (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26947916) |
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Date: December 17th, 2014 11:42 AM Author: dashing locus hissy fit TY, bra (http://www.autoadmit.com/thread.php?thread_id=2758257&forum_id=2#26948369) |