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[quote=Anonymous][quote=Anonymous][quote=Anonymous]DH is an equity partner at a smallish-med firm and in a typical year he brings home nearly 50% of the revenue he generates. They have different “buckets” for credit of who originates, who is responsible for, and who actually bills the work. So if you brought the client in, but DH actually managed the deal and did a lot of the billing (due to subject matter knowledge) you would only get a portion of the credit.

Also, how much of the work has actually been done OP? Sounds like some of the work is occurring in the future which would not count. The money has to be collected first. You sound new to the law firm world - did you come from Gov?[/quote]

Sorry didn't answer the whole question.  I am manage the relationship and do all the bills.  I do some of the actual billable work but also farm out billable work due to subject matter expertise.  Full relationship goes through me however.  I go to clients office once a quarter, have weekly status call meetings, do the presentations to the GC, etc. [/quote]

All firms are slightly different but you are going to get the most income from the work that you actually bill/do yourself. Then you will get a smaller portion of work you manage or originate. If you originate, manage and bill the same work, you will get the highest percentage.

Most “big law” firms have a billing system where you can go in and see what “credit” has been assigned to you. DH knows what he will be paid long before the actual deposit hits. Sounds like you didn’t come through as a law firm associate which may be why it’s all so confusing to you. Non equity partners still get bonuses rather than a distribution and that amount is discretionary. If they don’t think you are likely to leave, they may feel like what they are paying you is enough, especially if you came from a lower paying Government or Military job. [/quote]

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