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I negotiated for a percentage of my base salary based on an equal percentage of my billable hours. Example: my schedule was 50% of my prior billable hours and 50% of my prior salary with full benefits. End of year raises are based on my base salary, so that my base salary keeps up with other associates in my class. When I was ready to go back to work full time, I simply went back to my base salary. I've been part-time and full-time at different points in my career.
My boss is willing to let me do this because he doesn't want to train another senior associate to be "his" senior associate. I'm good and I'm trained and I know what he wants without too much hand holding. |
I would be happy to share, but I've worked full time as a lawyer throughout my child raising years, so I can't. I find the women who work part time at my company work for a fixed number of hours a week with a concomitant reduction in salary. |
| One of my friends tried working p.t. and took a 25% pay reduction in order to take Fridays off. She ended up working from home on her "off days" because there was always something urgent that she needed to work on. She ended working the same schedule for less hours. She's back to FT now. |
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I was an employee (a non-equity partner) and my compensation was based on 40% of what I billed (billed, not what the firm collected, as I didn't control the later).
If they had agreed to a base salary, say $150k, with anything above that being determined by my billables, I would probably still be at the firm. |
This pretty much describes my current situation. I am a non-equity partner at a mid-sized firm, came back from maternity leave at 80% so I could theoretically take a day off each week. In reality, because of my practice area, I can't really take a day off many weeks, so I still have child care for part of the day on my "day off" so I can deal with anything that comes up. I am paid 80% of the base salary I'd otherwise be paid, with an agreement stipulating that if I end up billing 1800 hours my pay will be "trued up" at the end of the year. Bonus is completely discretionary and based in part on hours. What is annoying is that many partners at my firm (and other firms) bill less than the expected number of hours and are still paid at 100% salary -- so I basically took a pay cut and am working more hours than many of the partners in the firm. It is still worth it to me at this particular point in time because of the immense flexibility I have, but still...not exactly fair. In my view, the main things you should be concerned with are (a) will they pay you fairly based on hours worked even if you exceed whatever your actual commitment is, and (b) how unhappy will you be if you end up working more than part-time (i.e., how will you deal with childcare, etc.). |
I had this experience in a prior part time legal job. My firm did not have a strict minimum billable hour requirement. There was a target, but no full time employees were actually meeting it. However, as a part time employee with a flexible schedule getting paid 70% of my full time salary, I was expected to produce 70% of the target billable hours, which ended up being about 90% of what my full time peers were actually producing. The firm would not make adjustments--just said that the FT employees need to get their hours up--and the bonus formula didn't reflect my "extra" hours in any direct or meaningful way. I went back to full time work. |
I saw a partner comp chart from my old firm (apparently they didn't realize it was on the intranet and accessible to everyone...oops!) and I was amazed at how certain partners that neither billed nor originated a lot of business were still being paid in the $400s. |
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I am working at a small office (under 10 lawyers) part-time as a 1099 employee, no benefits. The work is fixed-fee and my compensation is a percentage of the work that I do. So if I do 1 project in a week, I am paid $X, and if I do 3 projects in a week, I am paid $3X.
It is very flexible and perfect for me, while the children are little. Once they are in school, I will try to work more, but still part-time. |
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I was on a 1600 billable track with full benefits for 80% of my salary. They did not care when I worked so long as my billables were met and I was present for any meetings/court dates. While this is a better arrangement than a set 4-day week (which strikes me as pointless as something will always come up on a day off) it still was not ideal as you basically still need to always be available to work late/weekends, which seems to happen a lot in litigation. I needed to bill, on average, 133 hours a month (as opposed to 166 hours) which was about 5 hours a day (assuming 26 work days in a month). But if there is a holiday/sick day/vacation I needed to bill extra to build that in. So say you want holidays off, plus 2 weeks vacation, plus 5 sick days, that is 25 days off for the year -- that is basically an extra month (ie, 133 hours) you need to bill. So now instead of billing 1600 hours, you need to bill 1730 hours. I found the billable hour tracking stressful and I was obsessed with billing and constantly checking to see if I was "ahead" of my billables so I could take vacation!
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But isn't this true of all law firm jobs, not just part time law firm jobs? |
Old white-shoe, lock-step firm? |
No, 2100 and more hours were expected when I was an associate (before the crash). Even though I was given 3 weeks vacation, I never took it. It wasn't considered "wise". |
| 60 percent FT salary with 85 percent or more of FT work! |
I am in a similar situation but with little to no benefits ... would you mind giving a ballpark of where your salary is and how experienced you are? |
| I got a straight percentage of the full-time salary. 80% salary for 80% of full-time billable expectations. I accrued leave on an 80% rate but other benefits were no different from full-time folks (health care, etc.). It worked OK. |