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% cut for originating a lawsuit/referral?
Posted: Wed May 25, 2016 6:43 pm
by Anonymous User
If you provide referral to your firm and they end up taking it and make $, how much cut from the award is standard? For example, hooking up your firm with a potential new client with a slam dunk case that your firm's been looking for. I'm a newbie at my firm and I want to make sure I ask for my share.
Thanks in advance.
Re: % cut for originating a lawsuit/referral?
Posted: Wed May 25, 2016 8:00 pm
by tyroneslothrop1
I believe my firm is 20% of contingency earned. Dunno about hourly rate.
Re: % cut for originating a lawsuit/referral?
Posted: Thu May 26, 2016 2:18 pm
by Anonymous User
Origination will vary wildly between firms. At my firm I get 10% as a first year, but I'm paid pretty well in base comp too.
Re: % cut for originating a lawsuit/referral?
Posted: Thu May 26, 2016 2:34 pm
by Anonymous User
Op here. Im at a shitty steeping stone firm without any policy on referral compensation. How do I approach my employers?
Re: % cut for originating a lawsuit/referral?
Posted: Thu May 26, 2016 4:31 pm
by gregfootball2001
At my firm, I would get a solid "good job," and maaaaaaybe a slightly higher bonus at the end of the year. Equity partners get percentages, I get a salary.
Re: % cut for originating a lawsuit/referral?
Posted: Thu May 26, 2016 4:50 pm
by reasonable_man
Op. What kind of case is this and is it a contingency fee case? Is it a personal injury / med-mal case? What type of work does your firm generally do? How big of a firm are you at? How many partners/associates roughly.