Celebrating 10 years! 2007-2017

New Associate Bringing in Business

First year corporate transactional associate at small boutiq socalras05/15/18
Calm down McDeere. It's still early in the game to be calcul isthisit05/15/18
They don't give you a cut of what you bring in? lolwutjobs05/15/18
Standard cut is 10% of collections for new associates. orgdonor05/15/18
Yea, just wondering if it warrants a raise in salary or not? socalras05/15/18
if you're bringing in business you should get a cut. if you dingbat05/15/18
Currently getting a cut, but also am coming up to my initial socalras05/16/18
If you’re getting a real cut, ie 10% or so, don’t expect notiers05/16/18
I've had a different experience re: cuts and raises. I work jd4hire05/16/18
I feel like your salary is pretty low for Los Angeles corpor 2breedbares05/18/18
socalras (May 15, 2018 - 11:26 am)

First year corporate transactional associate at small boutique law firm in LA and have managed to bring in about $15K in retainers (w/ projects expected to exceed and continue on a long term basis) before hitting the 6 month mark. Am I on a good track to receive a raise soon and what are your thoughts as to what is a good number to be settling for? Currently between 60-70K annually. Thanks!

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isthisit (May 15, 2018 - 2:33 pm)

Calm down McDeere. It's still early in the game to be calculating %s.

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lolwutjobs (May 15, 2018 - 5:36 pm)

They don't give you a cut of what you bring in?

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orgdonor (May 15, 2018 - 7:01 pm)

Standard cut is 10% of collections for new associates.

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socalras (May 15, 2018 - 8:07 pm)

Yea, just wondering if it warrants a raise in salary or not? Not sure what the standard is at a smaller firm.

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dingbat (May 15, 2018 - 9:42 pm)

if you're bringing in business you should get a cut. if you're not getting a cut, you should get a nice bonus. Once you have a track record of bringing in business you should (a) move to a larger firm with a higher base salary, or (b) make partner / get equity.

Better yet, move to the bigger firm and make partner there

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socalras (May 16, 2018 - 1:52 am)

Currently getting a cut, but also am coming up to my initial review period at which point I am supposed to be receiving a raise,assuming everything is going well. Hoping to use this as some type of leverage to see what kind of raise I can get. What do you guys think would be fair raise? Love the firm and doing interesting work and would like to stay for the long term.

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notiers (May 16, 2018 - 2:46 am)

If you’re getting a real cut, ie 10% or so, don’t expect your raise to based on your business generation. Based on what you’re getting paid, expect a raise between 5k and 10k.

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jd4hire (May 16, 2018 - 8:56 am)

I've had a different experience re: cuts and raises. I worked ID firms for 7 years. At the end, I had brought in an insurance carrier that the firm was billing about 160k per year. I received a 16k bonus and a 12k raise that year with the clear suggestion that I would be a partner at some indeterminate point in the future. I left to do plaintiff's work, so I can't speak to what would've happened. Prior to that, I never received a cut of business, but it counted for raises/ progress on partner track.

Maybe the structure was different, but I never felt cheated. I also don't mean to minimize this, but 15k is great for a first-year associate but dependent upon the size of the firm, what it does, etc., that could be really small. The ID firm I was last at had ~ 18 attorneys and I know our monthly pre-bills were coming in around $400k - $600k plus clients from different practice groups that paid monthly retainers at anywhere from $5,000 - $10,000.

If you're happy where you are and find the work interesting, don't stress about raises. It's natural to want one and be excited about it, but in the grand scheme, a $2-$5,000 raise isn't much. I was always frustrated when an older attorney or my father would tell me this, but worry about working hard and learning and the money will follow. Notwithstanding, go to the review, be ready to highlight the work you brought in and express your excitement to be at the firm. I wouldn't rock the boat on your first year review. You don't want to give the impression you are a greedy, money hungry associate ready to jump ship for money.

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2breedbares (May 18, 2018 - 3:44 am)

I feel like your salary is pretty low for Los Angeles corporate. Do you work for some SGV attorney or something?

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