\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

Closing out books on first year of solo practice - lost two grand

almost to the penny. This doesn't count over $10,000 which I...
emerald mind-boggling immigrant
  12/29/17
what did you pay yourself?
duck-like set
  12/29/17
$0, this is not some accounting scam whereby I make it look ...
emerald mind-boggling immigrant
  12/29/17
1. what kind of practice areas do you do? 2. mostly cont...
duck-like set
  12/29/17
Employment contingency, mostly but not exclusively. I ended ...
emerald mind-boggling immigrant
  12/29/17
number of files - about 30. But some of those are matters w...
emerald mind-boggling immigrant
  12/29/17
explain how your marketing plan should have been
duck-like set
  12/29/17
just simple stuff, have the website already up, the blog art...
emerald mind-boggling immigrant
  12/29/17
had lunch with a solo buddy last week. He gets majority of h...
duck-like set
  12/29/17
I do get some referrals, but this is another area where bein...
emerald mind-boggling immigrant
  12/29/17
networking with other professionals who come into contact wi...
naked roast beef public bath
  12/29/17
Bro if you get any PI referrals will you send them to us
angry bronze senate famous landscape painting
  12/29/17
will you pay me a referral? do you handle workers comp claim...
naked roast beef public bath
  12/29/17
Of course we will pay you a referral. I think we're undecid...
angry bronze senate famous landscape painting
  12/29/17
i have very little exposure to PI or workers comp. a few a y...
naked roast beef public bath
  12/29/17
One incredible PI case can make all of us millionaires.
angry bronze senate famous landscape painting
  12/29/17
How did you get your cases?
angry bronze senate famous landscape painting
  12/29/17
some online advertising, some referrals. Recently an older l...
emerald mind-boggling immigrant
  12/29/17
i'd pay 2k to not have a boss
dull therapy property
  12/29/17
...
deep chartreuse heaven dog poop
  12/29/17
What are your loss leaders? How to sharpen for the next yea...
Anal Spruce People Who Are Hurt Potus
  12/29/17
...
deep chartreuse heaven dog poop
  12/29/17
Yeah I was actually surprised when I ran the numbers, it fee...
emerald mind-boggling immigrant
  12/29/17
Attaboy. Nice work. I know, the whole $300 per hour th...
Anal Spruce People Who Are Hurt Potus
  12/29/17
terrified of state court, terrified of criminal law.
emerald mind-boggling immigrant
  12/29/17
you can do it.
deep chartreuse heaven dog poop
  12/29/17
DUIs are perfect guinea pigs for you, man.
Anal Spruce People Who Are Hurt Potus
  12/29/17
State court should be your best friend as P's attorney. Gott...
Judgmental house really tough guy
  12/29/17
...
cruel-hearted talented crackhouse feces
  12/29/17
Why would you be scared of state court?
angry bronze senate famous landscape painting
  12/29/17
I have never practiced in my home state's court. I literally...
emerald mind-boggling immigrant
  12/29/17
You'd be amazed at what they will let you get away with not ...
cruel-hearted talented crackhouse feces
  12/29/17
do they have online filings system in your county? If so...
duck-like set
  12/29/17
state court is great man.
duck-like set
  12/29/17
I'm not even a lawyer and I know that these are two things y...
aromatic topaz international law enforcement agency ticket booth
  07/13/18
Startup loses money in first year, news at 11
Pearly house-broken travel guidebook
  12/29/17
Yeah but not that much. Kind of wish I could afford such a...
Anal Spruce People Who Are Hurt Potus
  12/29/17
My goal for this year was zero, so I'm not that far behind. ...
emerald mind-boggling immigrant
  12/29/17
damn, I was starting to think from other poasters that every...
Jade Forum Mother
  12/29/17
not flame watching TT make it was one reason I thought I cou...
emerald mind-boggling immigrant
  12/29/17
he also practices in california
thirsty stage
  12/29/17
This has a lot to do with it. I changed from a defense couns...
emerald mind-boggling immigrant
  12/29/17
What's the hype with PI law and Cali? Still don't get it
Pearl cerebral water buffalo
  12/30/17
...
Pearl cerebral water buffalo
  12/30/17
MODS!
stimulating fat ankles
  12/30/17
Yeah, you don't. You especially don't if it is in any way c...
Anal Spruce People Who Are Hurt Potus
  12/29/17
What is the size of your household?
bat shit crazy abode windowlicker
  12/29/17
2300 sq ft, give or take
emerald mind-boggling immigrant
  12/29/17
Did you get any clients?
angry bronze senate famous landscape painting
  12/29/17
"getting" clients is laughably easy in contingency...
emerald mind-boggling immigrant
  12/29/17
Did you advertise? If Kenny and I bring in no income next y...
angry bronze senate famous landscape painting
  12/29/17
so cal is a nice place to be homeless.
emerald mind-boggling immigrant
  12/29/17
monthly overhead? fees earned? practice areas?
Godawful affirmative action
  12/29/17
Monthly overhead, setting aside case expenses, is about $110...
emerald mind-boggling immigrant
  12/29/17
you should be on cash accounting you lost $12,000, not $2,0...
Purple Useless Brakes Pozpig
  12/29/17
I'm just telling you what quickbooks tells me
emerald mind-boggling immigrant
  12/29/17
Brother, let me know if I can help with general advice on ma...
vibrant idiotic filthpig
  12/29/17
thanks brother you can take it down. actually email bounc...
emerald mind-boggling immigrant
  12/29/17
180
duck-like set
  12/29/17
180
drab parlour gunner
  12/29/17
180
angry bronze senate famous landscape painting
  12/29/17
Really 180 what xo is becoming
Shimmering razzle hominid
  12/29/17
...
deep chartreuse heaven dog poop
  12/29/17
...
coiffed gaping
  12/29/17
...
Mustard boiling water
  12/29/17
...
naked roast beef public bath
  12/29/17
i lost a lot more than that my first year, and didn't pay my...
naked roast beef public bath
  12/29/17
How did you survive in the meantime
angry bronze senate famous landscape painting
  12/29/17
substantial savings and wife's income
naked roast beef public bath
  12/29/17
also, my practice area has higher overhead than yours, so it...
naked roast beef public bath
  12/29/17
Our expenses will be incredibly low. 100 for our virtual ...
angry bronze senate famous landscape painting
  12/29/17
my overhead right now runs about $15K per month
naked roast beef public bath
  12/29/17
Jesus Christ We should get lunch or a few beers sometime...
angry bronze senate famous landscape painting
  12/29/17
that'd be cool, yeah. so are you actually doing it? going so...
naked roast beef public bath
  12/29/17
Not solo. Starting a firm with Kenny and CSLG.
angry bronze senate famous landscape painting
  12/29/17
just read one of the other threads. 180, that's awesome.
naked roast beef public bath
  12/29/17
U can trust me too man. I'm a mod btw.
angry bronze senate famous landscape painting
  12/29/17
GET. MONEY. BRO.
deep chartreuse heaven dog poop
  12/29/17
Damn, that's higher than my overhead. What are you spending ...
fragrant liquid oxygen deer antler
  12/29/17
took profits from first bitcoin bubble
Greedy chad
  12/29/17
If you're doing mostly contingency, that's not bad at all. I...
useless aggressive cuckold
  12/29/17
I would love to have a few hourly cases just to pay for expe...
emerald mind-boggling immigrant
  12/29/17
network with other lawyers. my area is similar - lots of emp...
naked roast beef public bath
  12/29/17
I see. I have a friend who went solo. One of the things he d...
useless aggressive cuckold
  12/29/17
that is fucking brilliant
emerald mind-boggling immigrant
  12/29/17
He's smart and extremely ballsy. He went in to the interview...
useless aggressive cuckold
  12/29/17
What did you do for health insurance?
Marvelous kitty
  12/29/17
wife
emerald mind-boggling immigrant
  12/29/17
I'll have to get my own health insurance fuck my ass
angry bronze senate famous landscape painting
  12/29/17
As a former solo, I share your pain and wish you all the bes...
Glittery tank lettuce
  12/30/17
ty, what do you do now? I'm not in "pain" btw I co...
emerald mind-boggling immigrant
  12/30/17
Updates?
Wine Violent Spot
  07/12/18
we gonna maek it. I'll check QB tomorrow but I'm guessing 40...
emerald mind-boggling immigrant
  07/12/18
Nice man. Sorry if you posted already but what was your pre ...
Wine Violent Spot
  07/12/18
Yeah pretty standard.
emerald mind-boggling immigrant
  07/12/18
180. what kind of cases do you do now
stimulating fat ankles
  07/12/18
u are 100% gonna maek it. dassit. don't equivocate. say i...
unhinged fighting market police squad
  07/12/18
180
mauve orchestra pit ape
  07/12/18
Just checked - $45K YTD. I also have about $20-25K in fees f...
emerald mind-boggling immigrant
  07/13/18
I live my life a quarter mile at a time.
Aphrodisiac avocado nursing home goal in life
  07/12/18
Nothing else matters: not the mortgage, not the store, not m...
Aphrodisiac avocado nursing home goal in life
  07/12/18
you should have tried it straight out of law school during t...
Racy abusive background story
  07/12/18


Poast new message in this thread



Reply Favorite

Date: December 29th, 2017 12:00 PM
Author: emerald mind-boggling immigrant

almost to the penny. This doesn't count over $10,000 which I have in advanced client costs, which don't show on the books as "losses" because they're technically recoverable.

Taking q's.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034292)



Reply Favorite

Date: December 29th, 2017 12:01 PM
Author: duck-like set

what did you pay yourself?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034300)



Reply Favorite

Date: December 29th, 2017 12:04 PM
Author: emerald mind-boggling immigrant

$0, this is not some accounting scam whereby I make it look like I lost money for tax purposes. I literally took in less money than I spent.

I should add that it's not really a full year, but pretty close.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034323)



Reply Favorite

Date: December 29th, 2017 12:09 PM
Author: duck-like set

1. what kind of practice areas do you do?

2. mostly contingency or hourly?

3. How many files did you take on this year?

4. Any lessons on this you care to tell us?



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034349)



Reply Favorite

Date: December 29th, 2017 12:13 PM
Author: emerald mind-boggling immigrant

Employment contingency, mostly but not exclusively. I ended up making little on my few hourly cases because lazy opposing counsel didn't push their cases, meaning I couldn't bill anything.

Advice would be to prep more than I did. I didn't buy a computer, have a logo made, or order business cards, until *after* I had already given notice at my job. That was a big mistake - better to do all that while still on someone else's dime. I think I was also too cheap upfront. I should have had marketing ready to go full throttle on day one, and not sweat a couple hundred bucks here or there.

That being said, I psychologically needed some time off. So those incredibly quiet first couple of months were bad from a business perspective but probably necessary in a more personal sense.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034379)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: emerald mind-boggling immigrant

number of files - about 30. But some of those are matters with two hours in them, worth a couple hundred bucks; some are class actions. The number of files doesn't tell you much.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034426)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: duck-like set

explain how your marketing plan should have been

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034453)



Reply Favorite

Date: December 29th, 2017 12:22 PM
Author: emerald mind-boggling immigrant

just simple stuff, have the website already up, the blog articles written, business cards already printed. Nothing like radio ads or billboards.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034473)



Reply Favorite

Date: December 29th, 2017 12:26 PM
Author: duck-like set

had lunch with a solo buddy last week. He gets majority of his clients from his lawyer friends who don't handle his sort of law.

Have you been networking at lawyer events a lot?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034514)



Reply Favorite

Date: December 29th, 2017 12:28 PM
Author: emerald mind-boggling immigrant

I do get some referrals, but this is another area where being in biglaw put me behind the 8 ball. I had a "national" practice not a local one.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034541)



Reply Favorite

Date: December 29th, 2017 12:35 PM
Author: naked roast beef public bath

networking with other professionals who come into contact with people who may be your clients is huge. at first, you will be the one sending them business, but it will come back. also, this is basic, but if you don't have any business to send at first, try to make strategic introductions between people who can benefit each other - they will remember you as the person who connected them, and it bolsters your reputation with both.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034584)



Reply Favorite

Date: December 29th, 2017 12:36 PM
Author: angry bronze senate famous landscape painting

Bro if you get any PI referrals will you send them to us

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034592)



Reply Favorite

Date: December 29th, 2017 12:38 PM
Author: naked roast beef public bath

will you pay me a referral? do you handle workers comp claims?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034602)



Reply Favorite

Date: December 29th, 2017 12:42 PM
Author: angry bronze senate famous landscape painting

Of course we will pay you a referral. I think we're undecided on workers compensation right now but having discussions about it. How many of those do you get?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034644)



Reply Favorite

Date: December 29th, 2017 12:45 PM
Author: naked roast beef public bath

i have very little exposure to PI or workers comp. a few a year maybe.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034659)



Reply Favorite

Date: December 29th, 2017 12:47 PM
Author: angry bronze senate famous landscape painting

One incredible PI case can make all of us millionaires.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034677)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: angry bronze senate famous landscape painting

How did you get your cases?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034455)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: emerald mind-boggling immigrant

some online advertising, some referrals. Recently an older lawyer who practices in a related area has started sending me lots of cases to go 50-50 on.

you should be extremely grateful for the CSLG pipeline. Makes your life 10x easier

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034913)



Reply Favorite

Date: December 29th, 2017 12:06 PM
Author: dull therapy property

i'd pay 2k to not have a boss

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034331)



Reply Favorite

Date: December 29th, 2017 12:28 PM
Author: deep chartreuse heaven dog poop



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034535)



Reply Favorite

Date: December 29th, 2017 12:06 PM
Author: Anal Spruce People Who Are Hurt Potus

What are your loss leaders? How to sharpen for the next year? BTW, I think that's a pretty good outcome for the first year solo.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034336)



Reply Favorite

Date: December 29th, 2017 12:07 PM
Author: deep chartreuse heaven dog poop



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034337)



Reply Favorite

Date: December 29th, 2017 12:10 PM
Author: emerald mind-boggling immigrant

Yeah I was actually surprised when I ran the numbers, it feels worse than that. I think I was overconfident going in about how easy it would be to make money; biglaw warps your mind into thinking "of course people will line up to pay $300 an hour for my services, that's a stone cold bargain!"

I didn't do any loss leaders, in retrospect I wish I had dabbled in consumer bankruptcy. One or two cases a month would've been nice, especially in the first couple of months.



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034351)



Reply Favorite

Date: December 29th, 2017 12:11 PM
Author: Anal Spruce People Who Are Hurt Potus

Attaboy. Nice work.

I know, the whole $300 per hour thing only works when its OPM.

Do a couple DUIs to ramp things up a bit. There are standard ways to treat them--it's routine as all fuck.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034367)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: emerald mind-boggling immigrant

terrified of state court, terrified of criminal law.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034389)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: deep chartreuse heaven dog poop

you can do it.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034401)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: Anal Spruce People Who Are Hurt Potus

DUIs are perfect guinea pigs for you, man.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034417)



Reply Favorite

Date: December 29th, 2017 12:17 PM
Author: Judgmental house really tough guy

State court should be your best friend as P's attorney. Gotta get over that.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034433)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: cruel-hearted talented crackhouse feces



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034487)



Reply Favorite

Date: December 29th, 2017 12:19 PM
Author: angry bronze senate famous landscape painting

Why would you be scared of state court?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034439)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: emerald mind-boggling immigrant

I have never practiced in my home state's court. I literally don't know how it works and I'm embarrassed to ask. There is some degree of foolish pride.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034466)



Reply Favorite

Date: December 29th, 2017 12:24 PM
Author: cruel-hearted talented crackhouse feces

You'd be amazed at what they will let you get away with not knowing

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034488)



Reply Favorite

Date: December 29th, 2017 12:30 PM
Author: duck-like set

do they have online filings system in your county?

If so, look up some case filings from prominent attorneys in your practice area. Pull up their pleadings, MSJs, orders, etc, should give you a good idea of what they do. Most of them won't be that different from the federal stuff, honestly. Hell, go sit in court on motion days and just observe.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034560)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: duck-like set

state court is great man.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034463)



Reply Favorite

Date: July 13th, 2018 12:04 AM
Author: aromatic topaz international law enforcement agency ticket booth

I'm not even a lawyer and I know that these are two things you should NOT be nervous about

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416761)



Reply Favorite

Date: December 29th, 2017 12:13 PM
Author: Pearly house-broken travel guidebook

Startup loses money in first year, news at 11

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034378)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: Anal Spruce People Who Are Hurt Potus

Yeah but not that much.

Kind of wish I could afford such an experiment. But I'd have to have a trust fund or something.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034399)



Reply Favorite

Date: December 29th, 2017 12:30 PM
Author: emerald mind-boggling immigrant

My goal for this year was zero, so I'm not that far behind. I did think there would be more expenses, and more income. So I was close to zero, but not how I expected to reach it.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034556)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: Jade Forum Mother

damn, I was starting to think from other poasters that everyone makes 6 figures easy their first year solo

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034388)



Reply Favorite

Date: December 29th, 2017 12:14 PM
Author: emerald mind-boggling immigrant

not flame watching TT make it was one reason I thought I could do this. He is the laziest and worst lawyer in history yet claims to make $200K a year working from Thailand

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034402)



Reply Favorite

Date: December 29th, 2017 12:55 PM
Author: thirsty stage

he also practices in california

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034748)



Reply Favorite

Date: December 29th, 2017 12:58 PM
Author: emerald mind-boggling immigrant

This has a lot to do with it. I changed from a defense counsel in a blue state to a plaintiffs' counsel in a red state, and the difference in how cases are valued is just shocking. I knew that would be true to some extent but I deeply underestimated the degree.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034764)



Reply Favorite

Date: December 30th, 2017 1:17 AM
Author: Pearl cerebral water buffalo

What's the hype with PI law and Cali? Still don't get it

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040181)



Reply Favorite

Date: December 30th, 2017 1:35 AM
Author: Pearl cerebral water buffalo



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040303)



Reply Favorite

Date: December 30th, 2017 1:20 AM
Author: stimulating fat ankles

MODS!

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35040208)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: Anal Spruce People Who Are Hurt Potus

Yeah, you don't. You especially don't if it is in any way conditioned on clients getting your bills in the mail for services already performed and paying them (lol).

Any sort of solo practice along those lines just isn't going to function without a lot of other stuff to balance it out.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034406)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: bat shit crazy abode windowlicker

What is the size of your household?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034405)



Reply Favorite

Date: December 29th, 2017 12:17 PM
Author: emerald mind-boggling immigrant

2300 sq ft, give or take

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034429)



Reply Favorite

Date: December 29th, 2017 12:15 PM
Author: angry bronze senate famous landscape painting

Did you get any clients?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034410)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: emerald mind-boggling immigrant

"getting" clients is laughably easy in contingency practices, which is something I didn't really understand. I've literally never had a client who I wanted to sign up, refuse to sign up.

It's the opposite, I spend more time turning people down. One of the worst parts of the solo life is listening to people who have no case. Many of these people will vociferously argue with you, beg, cry. It can be a real time suck and again is something that biglaw didn't prepare me for.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034452)



Reply Favorite

Date: December 29th, 2017 12:21 PM
Author: angry bronze senate famous landscape painting

Did you advertise? If Kenny and I bring in no income next year I'll be homeless.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034460)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: emerald mind-boggling immigrant

so cal is a nice place to be homeless.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034481)



Reply Favorite

Date: December 29th, 2017 12:16 PM
Author: Godawful affirmative action

monthly overhead?

fees earned? practice areas?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034425)



Reply Favorite

Date: December 29th, 2017 12:26 PM
Author: emerald mind-boggling immigrant

Monthly overhead, setting aside case expenses, is about $1100-1200. $800 for rent, $150 for telephone/fax, plus WL fees, random office supplies.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034511)



Reply Favorite

Date: December 29th, 2017 12:20 PM
Author: Purple Useless Brakes Pozpig

you should be on cash accounting

you lost $12,000, not $2,000

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034446)



Reply Favorite

Date: December 29th, 2017 12:23 PM
Author: emerald mind-boggling immigrant

I'm just telling you what quickbooks tells me

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034476)



Reply Favorite

Date: December 29th, 2017 12:29 PM
Author: vibrant idiotic filthpig

Brother, let me know if I can help with general advice on marketing/getting clients/running a practice/etc. I am a solo in a different practice area but I'm happy to help any other XOers who want to take this journey. I made a little over $100k in profit my first year and will probably make about $220k in profit this year (adding back in my salary and the cost of my health insurance). I'm no CSLG but if I can help, let me know.

martinprincexo@yandex.com

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034547)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: emerald mind-boggling immigrant

thanks brother you can take it down.

actually email bounced back. wtf are you using a Russian website

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034565)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: duck-like set

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034568)



Reply Favorite

Date: December 29th, 2017 12:37 PM
Author: drab parlour gunner

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034599)



Reply Favorite

Date: December 29th, 2017 12:43 PM
Author: angry bronze senate famous landscape painting

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034645)



Reply Favorite

Date: December 29th, 2017 12:53 PM
Author: Shimmering razzle hominid

Really 180 what xo is becoming

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034725)



Reply Favorite

Date: December 29th, 2017 1:02 PM
Author: deep chartreuse heaven dog poop



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034780)



Reply Favorite

Date: December 29th, 2017 1:05 PM
Author: coiffed gaping



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034804)



Reply Favorite

Date: December 29th, 2017 1:09 PM
Author: Mustard boiling water



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034840)



Reply Favorite

Date: December 29th, 2017 1:16 PM
Author: naked roast beef public bath



(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034919)



Reply Favorite

Date: December 29th, 2017 12:31 PM
Author: naked roast beef public bath

i lost a lot more than that my first year, and didn't pay myself. year two was better, and i was able to take a mediocre salary. year three is when things really started working. talking with other solos (and really any startup small business), this is a common experience.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034566)



Reply Favorite

Date: December 29th, 2017 12:37 PM
Author: angry bronze senate famous landscape painting

How did you survive in the meantime

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034600)



Reply Favorite

Date: December 29th, 2017 12:38 PM
Author: naked roast beef public bath

substantial savings and wife's income

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034605)



Reply Favorite

Date: December 29th, 2017 12:40 PM
Author: naked roast beef public bath

also, my practice area has higher overhead than yours, so it will be easier in the beginning on the expense side for you.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034615)



Reply Favorite

Date: December 29th, 2017 12:42 PM
Author: angry bronze senate famous landscape painting

Our expenses will be incredibly low.

100 for our virtual office

Malpractice Insurance costs

Filing fees (we will get a lot of fee waivers)

Service of process fees

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034638)



Reply Favorite

Date: December 29th, 2017 12:45 PM
Author: naked roast beef public bath

my overhead right now runs about $15K per month

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034662)



Reply Favorite

Date: December 29th, 2017 12:47 PM
Author: angry bronze senate famous landscape painting

Jesus Christ

We should get lunch or a few beers sometime

Hit me up at zozohthchandler@gmail.com

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034683)



Reply Favorite

Date: December 29th, 2017 12:56 PM
Author: naked roast beef public bath

that'd be cool, yeah. so are you actually doing it? going solo?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034752)



Reply Favorite

Date: December 29th, 2017 12:59 PM
Author: angry bronze senate famous landscape painting

Not solo. Starting a firm with Kenny and CSLG.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034770)



Reply Favorite

Date: December 29th, 2017 1:00 PM
Author: naked roast beef public bath

just read one of the other threads. 180, that's awesome.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034778)



Reply Favorite

Date: December 29th, 2017 1:02 PM
Author: angry bronze senate famous landscape painting

U can trust me too man. I'm a mod btw.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034784)



Reply Favorite

Date: December 29th, 2017 1:17 PM
Author: deep chartreuse heaven dog poop

GET.

MONEY.

BRO.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034933)



Reply Favorite

Date: December 29th, 2017 1:52 PM
Author: fragrant liquid oxygen deer antler

Damn, that's higher than my overhead. What are you spending all that money on?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35035252)



Reply Favorite

Date: December 29th, 2017 12:41 PM
Author: Greedy chad

took profits from first bitcoin bubble

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034633)



Reply Favorite

Date: December 29th, 2017 12:46 PM
Author: useless aggressive cuckold

If you're doing mostly contingency, that's not bad at all. I'm sure money will start rolling in from settlements in year 2-3. Those happy clients will refer you some more employment contingency cases (those types probably travel in the same circles). Have you talked to your local chamber of commerce or the local orgs in the area (Rotary club etc.)? Do you do employment defense work too?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034672)



Reply Favorite

Date: December 29th, 2017 12:49 PM
Author: emerald mind-boggling immigrant

I would love to have a few hourly cases just to pay for expenses. But this area is saturated with employment defense attorneys, with very few employment plaintiff specialists. From what I can tell most plaintiff-side cases are brought by PI attorneys or generalists who are just trying out something on a lark. So there's more of an open market niche on the plaintiff side.

edit: also I've given a couple of speeches to HR groups and have not even gotten a single phone call out of them.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034697)



Reply Favorite

Date: December 29th, 2017 12:55 PM
Author: naked roast beef public bath

network with other lawyers. my area is similar - lots of employment defense attorneys, few employment plaintiffs attorneys. if you get known as an employment plaintiffs attorney you will get sent clients simply because you do plaintiffs work.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034747)



Reply Favorite

Date: December 29th, 2017 12:58 PM
Author: useless aggressive cuckold

I see. I have a friend who went solo. One of the things he did to snag a nice small to mid-size business as a client was look through ads for general counsels where the company would be hiring its first attorney. He applied for the position and met with a company and explained why they'd be wasting money on a full-time gc and gave them a flat-fee deal ($6k a month to his solo firm, not including litigation for which they'd pay extra).

There are companies out there that are "in-betweeners" (too big not to have dedicated legal work but still too small be a sophisticated shopper for legal services). They need someone to map out a strategy for tackling the legal work. Too often they've been burned by expensive biglaw and midlaw firms. This client now pays his monthly bills and gives him a small base salary. I thought the way he snagged this client was pretty ingenious.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034765)



Reply Favorite

Date: December 29th, 2017 12:59 PM
Author: emerald mind-boggling immigrant

that is fucking brilliant

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034769)



Reply Favorite

Date: December 29th, 2017 1:04 PM
Author: useless aggressive cuckold

He's smart and extremely ballsy. He went in to the interview with what was basically a financial presentation. They loved it. He's ex-biglaw too so he was able to sympathize with the bs they'd probably been through with expensive biglaw and even boutique firms.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034797)



Reply Favorite

Date: December 29th, 2017 1:08 PM
Author: Marvelous kitty

What did you do for health insurance?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034827)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: emerald mind-boggling immigrant

wife

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034904)



Reply Favorite

Date: December 29th, 2017 1:15 PM
Author: angry bronze senate famous landscape painting

I'll have to get my own health insurance fuck my ass

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35034911)



Reply Favorite

Date: December 30th, 2017 7:09 AM
Author: Glittery tank lettuce

As a former solo, I share your pain and wish you all the best.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35041187)



Reply Favorite

Date: December 30th, 2017 11:56 AM
Author: emerald mind-boggling immigrant

ty, what do you do now? I'm not in "pain" btw I could live off biglaw savings & wife for literally years. That is the one part of biglaw I look fondly on.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#35042161)



Reply Favorite

Date: July 12th, 2018 8:04 PM
Author: Wine Violent Spot

Updates?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36414965)



Reply Favorite

Date: July 12th, 2018 10:32 PM
Author: emerald mind-boggling immigrant

we gonna maek it. I'll check QB tomorrow but I'm guessing 40-50K in proft for first 6 months of 2018

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416231)



Reply Favorite

Date: July 12th, 2018 10:45 PM
Author: Wine Violent Spot

Nice man. Sorry if you posted already but what was your pre solo experience . Biglaw lit?

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416344)



Reply Favorite

Date: July 12th, 2018 11:28 PM
Author: emerald mind-boggling immigrant

Yeah pretty standard.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416614)



Reply Favorite

Date: July 12th, 2018 11:56 PM
Author: stimulating fat ankles

180.

what kind of cases do you do now

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416743)



Reply Favorite

Date: July 12th, 2018 10:47 PM
Author: unhinged fighting market police squad

u are 100% gonna maek it. dassit. don't equivocate. say it three times in the morning and at night.

IMMA MAEK IT

IMMA MAEK IT

I MAED IT!

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416362)



Reply Favorite

Date: July 12th, 2018 11:29 PM
Author: mauve orchestra pit ape

180

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416619)



Reply Favorite

Date: July 13th, 2018 11:03 AM
Author: emerald mind-boggling immigrant

Just checked - $45K YTD. I also have about $20-25K in fees for settlements where I'm waiting for the check to come in, although those might take a month or two.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36418304)



Reply Favorite

Date: July 12th, 2018 8:15 PM
Author: Aphrodisiac avocado nursing home goal in life

I live my life a quarter mile at a time.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36415016)



Reply Favorite

Date: July 12th, 2018 11:46 PM
Author: Aphrodisiac avocado nursing home goal in life

Nothing else matters: not the mortgage, not the store, not my team and all their bullsh*t. For those ten seconds or less, I'm free.

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416699)



Reply Favorite

Date: July 12th, 2018 11:32 PM
Author: Racy abusive background story

you should have tried it straight out of law school during the great recession

(http://www.autoadmit.com/thread.php?thread_id=3843359&forum_id=2#36416638)