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[quote=Anonymous]Equity partner here at top 30 amlaw firm. I sit on our compensation committee, so I well know how we'd approach you. Long story short--you are paid absolutely fine where you are, and it sounds like you have a good gig. This is too small a book to try to leverage up as a lateral, and you need to focus on your billable hours.

1. At my firm, we'd be beating you up based on your hours. 1500 billables is categorically insufficient for a book that small. We expect our non-equity partners to be billing at least 2k/year. 1800 or 1900 might be acceptable, but not great. 1500 gets you put on a watch list to be exited. So if you did that here--2800 hours notwithstanding--you'd be in jeopardy.

The 1300 BD is nice, but apparently not that effective if you are only bringing in 1mm originations. We'd tell you to bring that way back, and to guarantee 2k billables.

2. What effective rate are you getting on that 1mm? Unless you can get the effective rate on your own time north of 1450 or so, that business won't be that attractive in any event.

3. If you were a homegrown IP on our platform, I'd likely pay you 600 to $650k, and give you a stern lecture to get your billables up.

4. If you billed 2k hours + originated $1mm collections, I'd pay you 850k to 900k, perhaps more.

In all, your comp sounds fair and your firm generous. If you want to step up the practice, you absolutely can--but start by maxing your billable hours. Just my two cents. [/quote]

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