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i've generated $62,000 in income for firm in the last 12 weeks

guess how much of that i've seen
up-to-no-good halford theater stage
  07/21/21
$31,000
Cream provocative casino jew
  07/21/21
Yeah that was going to be my guess. It's a law firm, full o...
stubborn kitchen
  07/21/21
looool
misanthropic deranged deer antler ratface
  07/21/21
...
Cream provocative casino jew
  07/21/21
tyft made my night on Xo
up-to-no-good halford theater stage
  07/21/21
...
Titillating maize cuck
  07/21/21
not even $25,000 brother (pre tax). under 20k post-tax etc.
up-to-no-good halford theater stage
  07/21/21
You earn 100k/year?
mentally impaired black den chad
  07/21/21
slightly more, yes. why?
up-to-no-good halford theater stage
  07/21/21
Salary?
mentally impaired black den chad
  07/21/21
you pretty much guessed it
up-to-no-good halford theater stage
  07/21/21
So, you get $100k guaranteed and you only generate $250k? I&...
mentally impaired black den chad
  07/21/21
how does that ratio suck?
up-to-no-good halford theater stage
  07/21/21
Because it’s not incorporating your overhead. Don&rsqu...
mentally impaired black den chad
  07/21/21
no way I cost them twice my salary in overhead. that’s...
up-to-no-good halford theater stage
  07/21/21
So, you suck at law and ranges in math.
mentally impaired black den chad
  07/21/21
what I said is I’m on the low end of the spectrum you ...
up-to-no-good halford theater stage
  07/21/21
So you cost 160 on 250 in revenue. I wouldn’t fire you...
mentally impaired black den chad
  07/21/21
what’s wrong with 90k profit?
up-to-no-good halford theater stage
  07/21/21
90k before taxes. You’re marginal earning on their inc...
mentally impaired black den chad
  07/21/21
pretty much keep to myself tbh
up-to-no-good halford theater stage
  07/21/21
Then that’s fine. You’re cool to keep around. As...
mentally impaired black den chad
  07/21/21
"In the end, you probably cost them $150k-$200k." ...
vigorous shaky home prole
  07/21/21
That’s $37k over pay/taxes. One office manger split 6 ...
mentally impaired black den chad
  07/21/21
the paralegal and office manager are the same person. no IT....
up-to-no-good halford theater stage
  07/21/21
I forgot about health. Even shit coverage will be $5k a year...
mentally impaired black den chad
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
You're a lawyer making ~$100k pretax annually? What kind...
coral unhinged pocket flask
  07/21/21
small firm, about six lawyers
up-to-no-good halford theater stage
  07/21/21
What year are you? Learn what you need to be decently com...
coral unhinged pocket flask
  07/21/21
did government work for three years (plus clerkship) before ...
up-to-no-good halford theater stage
  07/21/21
Because as a fourth-year lawyer, you should be making much m...
coral unhinged pocket flask
  07/21/21
yeah, idk why the poster above said the ratios suck. the job...
up-to-no-good halford theater stage
  07/21/21
Well, he's right about the ratio. You should be making and ...
coral unhinged pocket flask
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
i've cost my company more than that
aphrodisiac area scourge upon the earth
  07/21/21
what do you mean?
up-to-no-good halford theater stage
  07/21/21
money shows up in my bank account every two weeks and i don'...
aphrodisiac area scourge upon the earth
  07/21/21
The problem isn't that you're.being paid an unfair share of ...
massive internal respiration faggot firefighter
  07/21/21
i guess i don’t know what to do when I’ve finish...
up-to-no-good halford theater stage
  07/21/21
Generally, your revenue will break down into 1/3 for each of...
Bonkers rigor
  07/21/21
not sure how overhead is equal to compensation
up-to-no-good halford theater stage
  07/21/21
It’s not. Itt is Shylocks trying to perpetrate the myt...
contagious turquoise feces
  07/21/21
"Generally, your revenue will break down into 1/3 for e...
misanthropic deranged deer antler ratface
  07/21/21
Shut the fuck up rudolph. No one likes you here, and yet you...
mentally impaired black den chad
  07/21/21
I'm an Obeezy alt, actually
misanthropic deranged deer antler ratface
  07/21/21
...
up-to-no-good halford theater stage
  07/21/21
If you can make more working for yourself, do it. If you can...
Garnet pit
  07/21/21
That is roughly $5,000 per week. If you do that for a year (...
self-centered hideous office
  07/21/21
not saying i want to be compensated more. just saying law fi...
up-to-no-good halford theater stage
  07/22/21
how much fixed costs during that time as the firm provided/a...
mischievous wine potus marketing idea
  07/22/21
did you even read the discussions ITT. overhead is low.
up-to-no-good halford theater stage
  07/22/21
no. also i dont see how overhead is low as rent normally isn...
mischievous wine potus marketing idea
  07/22/21
my office has one support person.
up-to-no-good halford theater stage
  07/22/21
so 1/6th of their cost, plus 1/6th of rent, plus 1/6 of othe...
mischievous wine potus marketing idea
  07/22/21
why are there lawyers making less than coding bootcamp gradu...
Frisky business firm
  07/22/21


Poast new message in this thread



Reply Favorite

Date: July 21st, 2021 12:42 AM
Author: up-to-no-good halford theater stage

guess how much of that i've seen

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815582)



Reply Favorite

Date: July 21st, 2021 12:43 AM
Author: Cream provocative casino jew

$31,000

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815588)



Reply Favorite

Date: July 21st, 2021 12:43 AM
Author: stubborn kitchen

Yeah that was going to be my guess. It's a law firm, full of lawyers, so inevitably they'll be fair about this and make sure he's appropriately compensated for the good work he's done.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815590)



Reply Favorite

Date: July 21st, 2021 12:44 AM
Author: misanthropic deranged deer antler ratface

looool

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815594)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: Cream provocative casino jew



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815608)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: up-to-no-good halford theater stage

tyft made my night on Xo

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815609)



Reply Favorite

Date: July 21st, 2021 10:15 AM
Author: Titillating maize cuck



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42816684)



Reply Favorite

Date: July 21st, 2021 12:45 AM
Author: up-to-no-good halford theater stage

not even $25,000 brother (pre tax). under 20k post-tax etc.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815603)



Reply Favorite

Date: July 21st, 2021 1:55 AM
Author: mentally impaired black den chad

You earn 100k/year?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815854)



Reply Favorite

Date: July 21st, 2021 1:56 AM
Author: up-to-no-good halford theater stage

slightly more, yes. why?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815858)



Reply Favorite

Date: July 21st, 2021 2:04 AM
Author: mentally impaired black den chad

Salary?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815887)



Reply Favorite

Date: July 21st, 2021 2:05 AM
Author: up-to-no-good halford theater stage

you pretty much guessed it

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815888)



Reply Favorite

Date: July 21st, 2021 1:09 PM
Author: mentally impaired black den chad

So, you get $100k guaranteed and you only generate $250k? I’d fire you. Those ratios suck. Quit bitching. CSLG generates your year in two weeks.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817609)



Reply Favorite

Date: July 21st, 2021 1:14 PM
Author: up-to-no-good halford theater stage

how does that ratio suck?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817635)



Reply Favorite

Date: July 21st, 2021 1:21 PM
Author: mentally impaired black den chad

Because it’s not incorporating your overhead. Don’t forget the $13k your firm owes for your payroll tax. Your office. The office manager, accountant, et cetera. All the other little costs. In the end, you probably cost them $150k-$200k. They take the risk of paying all that out of pocket, whereas what you produce is an unknown. Go look at anywhere else. Biglol gets a salary of about 15% of their billable revenue and maybe another 10% bonus. Investment bankers get like 2% with a 10% bonus. Why don’t you start producing instead of bitching like a little fucking millennial?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817683)



Reply Favorite

Date: July 21st, 2021 1:30 PM
Author: up-to-no-good halford theater stage

no way I cost them twice my salary in overhead. that’s a joke.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817726)



Reply Favorite

Date: July 21st, 2021 1:32 PM
Author: mentally impaired black den chad

So, you suck at law and ranges in math.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817736)



Reply Favorite

Date: July 21st, 2021 1:35 PM
Author: up-to-no-good halford theater stage

what I said is I’m on the low end of the spectrum you estimated

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817754)



Reply Favorite

Date: July 21st, 2021 1:38 PM
Author: mentally impaired black den chad

So you cost 160 on 250 in revenue. I wouldn’t fire you, but I wouldn’t do shit for you. You’d be lowest priority, and if you quit I wouldn’t give a shit. So, again, quit bitching and actually generate some business.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817777)



Reply Favorite

Date: July 21st, 2021 1:41 PM
Author: up-to-no-good halford theater stage

what’s wrong with 90k profit?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817792)



Reply Favorite

Date: July 21st, 2021 2:11 PM
Author: mentally impaired black den chad

90k before taxes. You’re marginal earning on their income. So they take home 50k. 50k is fine if you’re chill to work with and don’t cause any problems, but if you’re a sniveling pretentious self-entitled bitch, that’s not at all worth keeping you around

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817994)



Reply Favorite

Date: July 21st, 2021 2:14 PM
Author: up-to-no-good halford theater stage

pretty much keep to myself tbh

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818012)



Reply Favorite

Date: July 21st, 2021 2:18 PM
Author: mentally impaired black den chad

Then that’s fine. You’re cool to keep around. As evidenced by the fact that you are still employed. But you are in no position to bitch about your take.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818043)



Reply Favorite

Date: July 21st, 2021 1:48 PM
Author: vigorous shaky home prole

"In the end, you probably cost them $150k-$200k."

*Maybe* $150k. Maybe.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817836)



Reply Favorite

Date: July 21st, 2021 2:08 PM
Author: mentally impaired black den chad

That’s $37k over pay/taxes. One office manger split 6 ways? There’s $10k+. IT consultants split six ways? $3k. Paralegal split 6 ways? $13k+. Rent, another $10k. Cleaning, $1k. Utilities, $1k. Westlaw? I don’t even know what that costs. Travel, if they do that. A stupid company party. Shit starts to add up. Obviously there’s huge variance on this. His firm could be skipping a lot of this by just using Google Sheets and making him WFH, take his own calls, do his own rote lookup work. But most places, 50k overhead for a lawyer is a baseline

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817976)



Reply Favorite

Date: July 21st, 2021 2:13 PM
Author: up-to-no-good halford theater stage

the paralegal and office manager are the same person. no IT. bad health coverage. i’m one additional MS and Lexis license. malpractice is probably a few hundred bucks a month, max. not sure what an extra phone line costs.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818010)



Reply Favorite

Date: July 21st, 2021 2:18 PM
Author: mentally impaired black den chad

I forgot about health. Even shit coverage will be $5k a year, and probably more like $8k

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818041)



Reply Favorite

Date: July 21st, 2021 12:52 AM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815630)



Reply Favorite

Date: July 21st, 2021 1:12 AM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815711)



Reply Favorite

Date: July 21st, 2021 1:33 AM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815786)



Reply Favorite

Date: July 21st, 2021 1:59 AM
Author: coral unhinged pocket flask

You're a lawyer making ~$100k pretax annually?

What kind of firm?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815868)



Reply Favorite

Date: July 21st, 2021 2:01 AM
Author: up-to-no-good halford theater stage

small firm, about six lawyers

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815878)



Reply Favorite

Date: July 21st, 2021 2:02 AM
Author: coral unhinged pocket flask

What year are you?

Learn what you need to be decently competent and GTFO.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815881)



Reply Favorite

Date: July 21st, 2021 2:03 AM
Author: up-to-no-good halford theater stage

did government work for three years (plus clerkship) before taking this job in january

tell me why i should gtfo. i want to, anyway, but need to convince myself it's the right move

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42815883)



Reply Favorite

Date: July 21st, 2021 10:14 AM
Author: coral unhinged pocket flask

Because as a fourth-year lawyer, you should be making much more. Unless the job is very low stress, you should do better for yourself.

Around year four is where you probably have enough experience to competently practice solo. Your first year or two might be bumpy, but you should make multiples of what you are now once you hit your stride, and won't be forking over the lion's share to a boss who doesn't care about you.

At least jump to a firm that pays you something reasonable.



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42816675)



Reply Favorite

Date: July 21st, 2021 1:27 PM
Author: up-to-no-good halford theater stage

yeah, idk why the poster above said the ratios suck. the job is low stress, sure, but boring. not enough work to do. partners sometimes gripe that my hours are low but one still makes 100k a year off me.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817711)



Reply Favorite

Date: July 21st, 2021 3:51 PM
Author: coral unhinged pocket flask

Well, he's right about the ratio. You should be making and generating much more.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818617)



Reply Favorite

Date: July 21st, 2021 11:18 AM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817021)



Reply Favorite

Date: July 21st, 2021 1:02 PM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817571)



Reply Favorite

Date: July 21st, 2021 1:36 PM
Author: aphrodisiac area scourge upon the earth

i've cost my company more than that

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817760)



Reply Favorite

Date: July 21st, 2021 1:42 PM
Author: up-to-no-good halford theater stage

what do you mean?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42817805)



Reply Favorite

Date: July 21st, 2021 3:53 PM
Author: aphrodisiac area scourge upon the earth

money shows up in my bank account every two weeks and i don't do much of anything.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818621)



Reply Favorite

Date: July 21st, 2021 2:16 PM
Author: massive internal respiration faggot firefighter

The problem isn't that you're.being paid an unfair share of your revenue, it's that you're not generating much revenue.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818030)



Reply Favorite

Date: July 21st, 2021 2:28 PM
Author: up-to-no-good halford theater stage

i guess i don’t know what to do when I’ve finished everything for a week in a few days

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818094)



Reply Favorite

Date: July 21st, 2021 3:58 PM
Author: Bonkers rigor

Generally, your revenue will break down into 1/3 for each of 1) your salary, 2) overhead attributable to you, and 3) profit for ownership. Basic law firm economics for most small to medium firms.

So your fair compensation would be 20k over that 3 month period. If you're making more than 80k annually you're a drain on the firm.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818643)



Reply Favorite

Date: July 21st, 2021 4:21 PM
Author: up-to-no-good halford theater stage

not sure how overhead is equal to compensation

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42818754)



Reply Favorite

Date: July 21st, 2021 8:35 PM
Author: contagious turquoise feces

It’s not. Itt is Shylocks trying to perpetrate the myth “the firm loses money on you until year three.” Truth is if it “costs” the firm 100k before they even pay you then the firm is run by retards or rats.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820057)



Reply Favorite

Date: July 21st, 2021 8:38 PM
Author: misanthropic deranged deer antler ratface

"Generally, your revenue will break down into 1/3 for each of 1) your salary, 2) overhead attributable to you, and 3) profit for ownership."

This is so old and outdated that it is legitimately flame.

It does not cost that much to staff and fully support a lawyer. The furniture was paid off years ago. He probably is using a used as fuck laptop that cost less than $1,000. For computer problems they either call HP Customer support or Kevin the IT guy who charges by the hour.

What significant overhead is a firm paying out EVERY MONTH?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820075)



Reply Favorite

Date: July 21st, 2021 9:33 PM
Author: mentally impaired black den chad

Shut the fuck up rudolph. No one likes you here, and yet you spend fuckloads of your life on XO. Go find people who can tolerate you (if they even exist).

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820335)



Reply Favorite

Date: July 21st, 2021 9:46 PM
Author: misanthropic deranged deer antler ratface

I'm an Obeezy alt, actually

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42820397)



Reply Favorite

Date: July 21st, 2021 5:49 PM
Author: up-to-no-good halford theater stage



(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819209)



Reply Favorite

Date: July 21st, 2021 6:32 PM
Author: Garnet pit

If you can make more working for yourself, do it. If you can't, stfu wagie and be grateful you aren't starving on the street

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819407)



Reply Favorite

Date: July 21st, 2021 8:19 PM
Author: self-centered hideous office

That is roughly $5,000 per week. If you do that for a year (52 weeks) you will bring in roughly $260,000. You have to find a way to contribute more to revenue if you want to be compensated more.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42819961)



Reply Favorite

Date: July 22nd, 2021 12:33 AM
Author: up-to-no-good halford theater stage

not saying i want to be compensated more. just saying law firm financials are ridiculous. this is only shared because partner voiced his displeasure that my low turnout has cost him a surfboard that he planned to buy. made me feel really shitty.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821285)



Reply Favorite

Date: July 22nd, 2021 12:48 AM
Author: mischievous wine potus marketing idea

how much fixed costs during that time as the firm provided/allocated to you? if u want to see how much the firm keeps of profit u generated, need to see that revenue number minus fixed and assoicated costs not including ur salary.

the way you presented it is what i would expect from a middle schooler

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821330)



Reply Favorite

Date: July 22nd, 2021 1:13 AM
Author: up-to-no-good halford theater stage

did you even read the discussions ITT. overhead is low.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821425)



Reply Favorite

Date: July 22nd, 2021 1:39 AM
Author: mischievous wine potus marketing idea

no. also i dont see how overhead is low as rent normally isnt low plus any support staff, computers, office equipment. lawyers really under estimate costs normally

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821518)



Reply Favorite

Date: July 22nd, 2021 1:53 AM
Author: up-to-no-good halford theater stage

my office has one support person.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821579)



Reply Favorite

Date: July 22nd, 2021 1:54 AM
Author: mischievous wine potus marketing idea

so 1/6th of their cost, plus 1/6th of rent, plus 1/6 of other costs.... you are bringing in $20k a month.

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821583)



Reply Favorite

Date: July 22nd, 2021 1:54 AM
Author: Frisky business firm

why are there lawyers making less than coding bootcamp graduates?

(http://www.autoadmit.com/thread.php?thread_id=4882339&forum_id=2#42821584)