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Solo, 3 weeks in, taking questions

Docket: 11 cases, vast majority contingency, largely referra...
Pungent Plaza Gaping
  06/22/18
gj
Flushed Bearded Giraffe Principal's Office
  06/22/18
all PI? pre-solo background?
Fragrant Ebony Mediation
  06/22/18
PI, biz disputes formerly biglaw
Pungent Plaza Gaping
  06/22/18
biglaw lit? how long?
Fragrant Ebony Mediation
  06/22/18
pseudo biglaw, maybe midlaw... 6 years
Pungent Plaza Gaping
  06/22/18
but lit? that's more the point i was asking about
Fragrant Ebony Mediation
  06/22/18
yes. i couldnt imagine doing what im doing now without being...
Pungent Plaza Gaping
  06/22/18
*kills self*
Fragrant Ebony Mediation
  06/22/18
U a tranny bro thinking of going solo?
Adventurous mad cow disease
  06/22/18
yup. have an inhouse do nothing 'dream' job of 10-5 and im ...
Fragrant Ebony Mediation
  06/22/18
Yeah same here. Seriously starting to think that Inhouse is ...
Adventurous mad cow disease
  06/22/18
ofs
Fragrant Ebony Mediation
  06/22/18
Now do a 5 year projection based on your three weeks
Spectacular indian lodge
  06/22/18
what's your monthly burn?
lime floppy ceo keepsake machete
  06/22/18
<$1,000, maybe even <$500. i work from home, meet clie...
Pungent Plaza Gaping
  06/22/18
Good work, brother. As I poasted recently, I'm looking at le...
Provocative violet stain gaming laptop
  06/22/18
Agree. And i literally work in shorts and a tshirt from my h...
Pungent Plaza Gaping
  06/22/18
18000000
yellow field
  06/22/18
...
Mewling Electric Sandwich
  06/22/18
how in the fuck did you sign up $50K in cases, file them, an...
costumed dashing party of the first part nowag
  06/22/18
...
Adventurous mad cow disease
  06/22/18
the 16k in revenue is for flat-fee work and earned upon rece...
Pungent Plaza Gaping
  06/22/18
Bros, what would you do for a client with a 400k loss case b...
Pungent Plaza Gaping
  06/22/18
...
Pungent Plaza Gaping
  06/22/18
Summon: CSLG
Appetizing crystalline school cafeteria
  06/22/18
thoughts?
Pungent Plaza Gaping
  06/22/18
...
curious white legend
  06/27/18
i took the client. but i didnt budge and he accepted 40% con...
Pungent Plaza Gaping
  06/27/18
...
curious white legend
  06/27/18
no, been too pussy to ask for one. but i'll take the risk b...
Pungent Plaza Gaping
  06/27/18
180
Mewling Electric Sandwich
  06/22/18
Good shit, dude. Welcome
splenetic magenta ape shitlib
  06/22/18
...
Appetizing crystalline school cafeteria
  06/22/18
Referrals from other biglawyers?
Disturbing jap
  06/22/18
no. solo friends of mine
Pungent Plaza Gaping
  06/22/18
180
dull library legal warrant
  06/22/18
...
Pungent Plaza Gaping
  06/22/18
...
Pungent Plaza Gaping
  06/27/18
180
Mewling Electric Sandwich
  06/27/18
180 brother
Cerebral Impressive Senate
  06/27/18


Poast new message in this thread



Reply Favorite

Date: June 22nd, 2018 1:33 PM
Author: Pungent Plaza Gaping

Docket: 11 cases, vast majority contingency, largely referrals from people I know.

Revenue thus far: $16,250

Based on current docket, 2018 solo revenue (6 month period including earned to date) will total approximately $45,000 (i was at my other job for the first 6 months). One year projected revenue (June 2018 - June 2019) is approximately $175,000 based on my valuation of the current caseload, assuming they settle within 12 months.

Never worked this hard in my life, but incredibly happy, and I've made some nice progress in only 3 weeks. Looking forward to building on this. On the down side, I'm getting obsessed and finding it very hard to have a work/life balance. But i assume that's how it is going to be in these early days until I can establish a routine.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291195)



Reply Favorite

Date: June 22nd, 2018 1:36 PM
Author: Flushed Bearded Giraffe Principal's Office

gj

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291227)



Reply Favorite

Date: June 22nd, 2018 1:43 PM
Author: Fragrant Ebony Mediation

all PI?

pre-solo background?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291272)



Reply Favorite

Date: June 22nd, 2018 2:31 PM
Author: Pungent Plaza Gaping

PI, biz disputes

formerly biglaw

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291637)



Reply Favorite

Date: June 22nd, 2018 2:42 PM
Author: Fragrant Ebony Mediation

biglaw lit? how long?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291746)



Reply Favorite

Date: June 22nd, 2018 2:45 PM
Author: Pungent Plaza Gaping

pseudo biglaw, maybe midlaw... 6 years

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291764)



Reply Favorite

Date: June 22nd, 2018 2:45 PM
Author: Fragrant Ebony Mediation

but lit? that's more the point i was asking about

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291768)



Reply Favorite

Date: June 22nd, 2018 2:46 PM
Author: Pungent Plaza Gaping

yes. i couldnt imagine doing what im doing now without being completely comfortable with lit.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291775)



Reply Favorite

Date: June 22nd, 2018 2:50 PM
Author: Fragrant Ebony Mediation

*kills self*

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291803)



Reply Favorite

Date: June 22nd, 2018 3:14 PM
Author: Adventurous mad cow disease

U a tranny bro thinking of going solo?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291931)



Reply Favorite

Date: June 22nd, 2018 3:17 PM
Author: Fragrant Ebony Mediation

yup. have an inhouse do nothing 'dream' job of 10-5 and im bored as fuck and feel emasculated having to come to an office and sit in a glass cage everyday. zero lit experience though.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291947)



Reply Favorite

Date: June 22nd, 2018 3:20 PM
Author: Adventurous mad cow disease

Yeah same here. Seriously starting to think that Inhouse is better for women and gays or modern liberal “men”

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291969)



Reply Favorite

Date: June 22nd, 2018 3:23 PM
Author: Fragrant Ebony Mediation

ofs

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291993)



Reply Favorite

Date: June 22nd, 2018 1:44 PM
Author: Spectacular indian lodge

Now do a 5 year projection based on your three weeks

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291280)



Reply Favorite

Date: June 22nd, 2018 2:12 PM
Author: lime floppy ceo keepsake machete

what's your monthly burn?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291446)



Reply Favorite

Date: June 22nd, 2018 2:30 PM
Author: Pungent Plaza Gaping

<$1,000, maybe even <$500. i work from home, meet clients at coffee shops, etc. my E&O is probably the largest single monthly charge at $141. rest is tech/efficiency stuff like docusign, quickbooks, etc.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291632)



Reply Favorite

Date: June 22nd, 2018 2:36 PM
Author: Provocative violet stain gaming laptop

Good work, brother. As I poasted recently, I'm looking at leaving a low-six fig government job to join a smallish regional firm, and I'm approaching it as if I'm building my own solo shop. With a hell of a lot of hustling, I think I can get dem referrals. Might take a salary hit in the short term but long-term it seems like it would pay much more. Sounds like you're thinking the same.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291694)



Reply Favorite

Date: June 22nd, 2018 2:38 PM
Author: Pungent Plaza Gaping

Agree. And i literally work in shorts and a tshirt from my home everyday. I go for walks whenever I please. That said, I woke up at 4:30am yesterday to get a shitload of work done for a client before the day started. Lots of work, but still 180.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291715)



Reply Favorite

Date: June 22nd, 2018 2:50 PM
Author: yellow field

18000000

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291801)



Reply Favorite

Date: June 22nd, 2018 3:22 PM
Author: Mewling Electric Sandwich



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291984)



Reply Favorite

Date: June 22nd, 2018 2:41 PM
Author: costumed dashing party of the first part nowag

how in the fuck did you sign up $50K in cases, file them, and settle them in 3 wks?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291740)



Reply Favorite

Date: June 22nd, 2018 2:42 PM
Author: Adventurous mad cow disease



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291744)



Reply Favorite

Date: June 22nd, 2018 2:44 PM
Author: Pungent Plaza Gaping

the 16k in revenue is for flat-fee work and earned upon receipt. i'm trying to keep at least 5-10k per month for hourly/flat fee work so i have a constant drip of revenue.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291760)



Reply Favorite

Date: June 22nd, 2018 2:44 PM
Author: Pungent Plaza Gaping

Bros, what would you do for a client with a 400k loss case but which would need to be filed in state court? I offered the client 35% contingency if he pays all costs/expenses or 40% if i advance all costs/expenses and they are recovered upon any settlement. He countered and said he would only be ok with a 40% contingency fee which would INCLUDE reimbursement of my costs/expenses. I told him that's not how it works, and he needs to understand that my reimbursement of fees/costs has to be a separate deduction from the settlement amount (from the contingency). and now we're at an impasse. he's a pain in the ass to deal with, but he has a pretty good case here.

maybe i agree to rep him to the extent we can resolve the matter pre-filing. and take 40% including all costs, which would be very minimal if pre-court filing.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291759)



Reply Favorite

Date: June 22nd, 2018 2:49 PM
Author: Pungent Plaza Gaping



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291794)



Reply Favorite

Date: June 22nd, 2018 3:23 PM
Author: Appetizing crystalline school cafeteria

Summon: CSLG

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292000)



Reply Favorite

Date: June 22nd, 2018 7:47 PM
Author: Pungent Plaza Gaping

thoughts?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36293545)



Reply Favorite

Date: June 27th, 2018 11:49 PM
Author: curious white legend



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325600)



Reply Favorite

Date: June 27th, 2018 11:49 PM
Author: Pungent Plaza Gaping

i took the client. but i didnt budge and he accepted 40% contingency plus i get reimbursed for costs/expenses.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325607)



Reply Favorite

Date: June 27th, 2018 11:50 PM
Author: curious white legend



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325615)



Reply Favorite

Date: June 27th, 2018 11:51 PM
Author: Pungent Plaza Gaping

no, been too pussy to ask for one. but i'll take the risk because he is a very sympathetic plaintiff and i think i can push this one to resolution without too much costs.

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325620)



Reply Favorite

Date: June 22nd, 2018 2:46 PM
Author: Mewling Electric Sandwich

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291772)



Reply Favorite

Date: June 22nd, 2018 3:20 PM
Author: splenetic magenta ape shitlib

Good shit, dude. Welcome

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36291972)



Reply Favorite

Date: June 22nd, 2018 3:39 PM
Author: Appetizing crystalline school cafeteria



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292133)



Reply Favorite

Date: June 22nd, 2018 3:42 PM
Author: Disturbing jap

Referrals from other biglawyers?

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292159)



Reply Favorite

Date: June 22nd, 2018 3:54 PM
Author: Pungent Plaza Gaping

no. solo friends of mine

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292265)



Reply Favorite

Date: June 22nd, 2018 3:54 PM
Author: dull library legal warrant

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36292263)



Reply Favorite

Date: June 22nd, 2018 7:44 PM
Author: Pungent Plaza Gaping



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36293529)



Reply Favorite

Date: June 27th, 2018 11:42 PM
Author: Pungent Plaza Gaping



(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325567)



Reply Favorite

Date: June 27th, 2018 11:57 PM
Author: Mewling Electric Sandwich

180

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325657)



Reply Favorite

Date: June 27th, 2018 11:48 PM
Author: Cerebral Impressive Senate

180 brother

(http://www.autoadmit.com/thread.php?thread_id=4008092&forum_id=2#36325596)