Hi all,
I’m a corporate associate at a biglaw firm. Recently checked my realization rate and realized that it’s pretty low, mostly because of a few deals I was on falling apart. Is that normal? We used a couple AFAs and I guess that’s why it screwed me a little. Someone had mentioned that it’s fine since we bill more per hour for corproate in general (roughly 2x litigation), so I should still be profitable.
I’m still worried though. Anyone else at a firm that has started to use more AFAs for deals that did not end up closing? Anyone know how that affects year end for bonus/raise purposes? My firm is not lockstep after a few years.
Anyone know how alternative fee arrangement waffects associates? Forum
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