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Brothers, just brought in some litigation to the firm. About $900k in billables.

Am psyched. Not a litigator, so literally won't lift a fing...
Mahogany overrated halford
  03/23/17
congrats. what's the origination split between you and litm...
arrogant mind-boggling theater
  03/23/17
Its a client that I do transactional work for, but not litig...
Mahogany overrated halford
  03/23/17
you are being overly generous then. If it were a new clie...
arrogant mind-boggling theater
  03/23/17
I probably am being a little too generous, but that's what w...
Mahogany overrated halford
  03/23/17
"but after splitting origination with the litigator who...
vibrant coral home weed whacker
  03/23/17
Probably wouldn't have gotten it if I hadn't sold the lit pa...
Mahogany overrated halford
  03/23/17
the problem is that your greedy cunt partner would demand 50...
arrogant mind-boggling theater
  03/23/17
yeah, we used to be at 66/33....but he is really good at clo...
Mahogany overrated halford
  03/23/17
i think you did the right thing
Titillating snowy area volcanic crater
  03/23/17
180
Fishy piazza
  03/23/17
should pocket that $900K and file an offer of judgment to se...
greedy boltzmann
  03/23/17
don't know what that means, but the damages are $20mm+
Mahogany overrated halford
  03/23/17
Tons of experts? Your client is getting hosed.
irradiated swollen locus queen of the night
  03/23/17
a good number of them.
Mahogany overrated halford
  03/23/17
Okay then. I hate $5-25 million dollar matters. They cost ...
irradiated swollen locus queen of the night
  03/23/17
unngh
Dull center
  03/23/17
Does the litigator bring you tranny business? 11.1% of overa...
transparent bisexual reading party abode
  03/23/17
Not really, but I don't really need that much more business....
Mahogany overrated halford
  03/23/17
Sorry for the bump but just psyched about this. Hoping it w...
Mahogany overrated halford
  03/23/17
...
talented splenetic national circlehead
  03/23/17
How did you "bring" it to the firm? Tranny client?...
Massive Black Macaca
  03/23/17
tranny client. Came from my old firm, but been at current f...
Mahogany overrated halford
  03/23/17
Is this equity-in-cases policy just a handshake arrangement ...
Massive Black Macaca
  03/23/17
formalized. There is a file sheet that shows the split of t...
Mahogany overrated halford
  03/23/17
Fuck don't know why I assumed you were an associate. Wtf are...
Massive Black Macaca
  03/23/17
Not every day I bring in $900k of legal work on one day. I ...
Mahogany overrated halford
  03/23/17
180
Spruce elite brethren half-breed
  03/23/17
Nice
Twisted pearly water buffalo
  03/23/17
Congrats
Motley Church Messiness
  03/23/17
Ljl start your own firm faggot. Lol at giving 90% to some ki...
Flirting gaping field
  03/23/17
(NEET)
irradiated swollen locus queen of the night
  03/23/17
and just freestyle a litigation matter with $20mm in damages...
Mahogany overrated halford
  03/23/17
How big is your firm? How will compensation committee handle...
Naked gas station
  03/23/17
mid size I get 50% of the origination component, which is...
Mahogany overrated halford
  03/23/17
Uuunnngghghgh. Congrats brother!
Naked gas station
  03/23/17
thanks
Mahogany overrated halford
  03/23/17
Lol at that margin. What a fraud our profession is.
irradiated swollen locus queen of the night
  03/23/17
good or bad?
Mahogany overrated halford
  03/23/17


Poast new message in this thread



Reply Favorite

Date: March 23rd, 2017 2:07 PM
Author: Mahogany overrated halford

Am psyched. Not a litigator, so literally won't lift a finger, but after splitting origination with the litigator who will manage, will make an extra $100k in 2017.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898449)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: arrogant mind-boggling theater

congrats. what's the origination split between you and litmo? Is this the only work done for the client?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898459)



Reply Favorite

Date: March 23rd, 2017 2:09 PM
Author: Mahogany overrated halford

Its a client that I do transactional work for, but not litigation (until now). I'm splitting 50/50.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898473)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: arrogant mind-boggling theater

you are being overly generous then.

If it were a new client contact of yours where the only thing so far is this lit deal and you need the litigator to bring the client in, then 50/50 is appropriate.

If this is your ongoing client with a matter unrelated to your practice area, you should not have to split origination but the generous thing to do is throw 25% to the litigator.

Without being too greedy you want to keep enough control over origination so that when the client asks the litigator for tax advice, the litigator does not receive any origination for that and you control the split with the tax lawyer (if any).

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898509)



Reply Favorite

Date: March 23rd, 2017 2:16 PM
Author: Mahogany overrated halford

I probably am being a little too generous, but that's what we agreed to on a previous split. And the lit guy did help bring in the client for lit (I certainly couldn't sell us myself given how little I know about lit).

I would never share origination for anything other than lit.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898540)



Reply Favorite

Date: March 23rd, 2017 2:11 PM
Author: vibrant coral home weed whacker

"but after splitting origination with the litigator who will manage"

Should have tapped dat senior associate to handle it.

Could have had $200k.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898483)



Reply Favorite

Date: March 23rd, 2017 2:12 PM
Author: Mahogany overrated halford

Probably wouldn't have gotten it if I hadn't sold the lit partner. I'd rather give the split and not worry about it anymore.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898495)



Reply Favorite

Date: March 23rd, 2017 2:14 PM
Author: arrogant mind-boggling theater

the problem is that your greedy cunt partner would demand 50/50 to service a firm's client.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898518)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: Mahogany overrated halford

yeah, we used to be at 66/33....but he is really good at closing the deal with the client once I make the intro, and is a great lawyer, so I am nice.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898554)



Reply Favorite

Date: March 23rd, 2017 7:05 PM
Author: Titillating snowy area volcanic crater

i think you did the right thing

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901023)



Reply Favorite

Date: March 23rd, 2017 2:08 PM
Author: Fishy piazza

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898456)



Reply Favorite

Date: March 23rd, 2017 2:17 PM
Author: greedy boltzmann

should pocket that $900K and file an offer of judgment to settle.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898550)



Reply Favorite

Date: March 23rd, 2017 2:18 PM
Author: Mahogany overrated halford

don't know what that means, but the damages are $20mm+

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898559)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: irradiated swollen locus queen of the night

Tons of experts? Your client is getting hosed.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901152)



Reply Favorite

Date: March 23rd, 2017 7:31 PM
Author: Mahogany overrated halford

a good number of them.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901237)



Reply Favorite

Date: March 23rd, 2017 7:33 PM
Author: irradiated swollen locus queen of the night

Okay then. I hate $5-25 million dollar matters. They cost the same as $100 million.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901273)



Reply Favorite

Date: March 23rd, 2017 2:19 PM
Author: Dull center

unngh

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898571)



Reply Favorite

Date: March 23rd, 2017 2:20 PM
Author: transparent bisexual reading party abode

Does the litigator bring you tranny business? 11.1% of overall billables sounds like a fucking ripoff.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898581)



Reply Favorite

Date: March 23rd, 2017 2:22 PM
Author: Mahogany overrated halford

Not really, but I don't really need that much more business.

Yes, I agree....people complain in the my firm about how lit mo's ride trannies, but they are all really good lawyers, so somehow we put up with it.

Best you can hope for is 23-24% in my firm, so not working with much.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32898600)



Reply Favorite

Date: March 23rd, 2017 6:41 PM
Author: Mahogany overrated halford

Sorry for the bump but just psyched about this. Hoping it will be even more than $900k (assuming we win)....and they do a great job that leads to more work....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900809)



Reply Favorite

Date: March 23rd, 2017 8:08 PM
Author: talented splenetic national circlehead



(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901566)



Reply Favorite

Date: March 23rd, 2017 6:54 PM
Author: Massive Black Macaca

How did you "bring" it to the firm? Tranny client? Did u meet the client at your current or a former firm (if you have a former firm)?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900907)



Reply Favorite

Date: March 23rd, 2017 6:55 PM
Author: Mahogany overrated halford

tranny client. Came from my old firm, but been at current firm for 4+ years and they have been with me.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900921)



Reply Favorite

Date: March 23rd, 2017 7:01 PM
Author: Massive Black Macaca

Is this equity-in-cases policy just a handshake arrangement or formalized

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900987)



Reply Favorite

Date: March 23rd, 2017 7:12 PM
Author: Mahogany overrated halford

formalized. There is a file sheet that shows the split of the origination credit for when the accounting manager calculates PPP splits.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901079)



Reply Favorite

Date: March 23rd, 2017 7:14 PM
Author: Massive Black Macaca

Fuck don't know why I assumed you were an associate. Wtf are bragging about if ur a partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901098)



Reply Favorite

Date: March 23rd, 2017 7:30 PM
Author: Mahogany overrated halford

Not every day I bring in $900k of legal work on one day. I am happy if I bring that much in in one year.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901234)



Reply Favorite

Date: March 23rd, 2017 7:02 PM
Author: Spruce elite brethren half-breed

180

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32900998)



Reply Favorite

Date: March 23rd, 2017 7:04 PM
Author: Twisted pearly water buffalo

Nice

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901016)



Reply Favorite

Date: March 23rd, 2017 7:06 PM
Author: Motley Church Messiness

Congrats

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901035)



Reply Favorite

Date: March 23rd, 2017 7:18 PM
Author: Flirting gaping field

Ljl start your own firm faggot. Lol at giving 90% to some kike partner

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901121)



Reply Favorite

Date: March 23rd, 2017 7:22 PM
Author: irradiated swollen locus queen of the night

(NEET)

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901158)



Reply Favorite

Date: March 23rd, 2017 7:32 PM
Author: Mahogany overrated halford

and just freestyle a litigation matter with $20mm in damages at stake on my own with no litigation skills? TBF, I own some of the firm, just not the whole thing....

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901251)



Reply Favorite

Date: March 23rd, 2017 8:17 PM
Author: Naked gas station

How big is your firm? How will compensation committee handle? What is general split between billables worked and billables originated ?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901661)



Reply Favorite

Date: March 23rd, 2017 8:19 PM
Author: Mahogany overrated halford

mid size

I get 50% of the origination component, which is about about 24% of revenue (so about 12%)

about 46% of revenue goes to the equity partners doing the work

about 30% of revenue goes to overhead

No compensation committee. Its all just percentages.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901681)



Reply Favorite

Date: March 23rd, 2017 8:22 PM
Author: Naked gas station

Uuunnngghghgh. Congrats brother!

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901710)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: Mahogany overrated halford

thanks

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901774)



Reply Favorite

Date: March 23rd, 2017 8:30 PM
Author: irradiated swollen locus queen of the night

Lol at that margin. What a fraud our profession is.

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901773)



Reply Favorite

Date: March 23rd, 2017 8:32 PM
Author: Mahogany overrated halford

good or bad?

(http://www.autoadmit.com/thread.php?thread_id=3561953&forum_id=2#32901785)