Re: Starting hourly pay? - "Guru" "BOA"

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I find the existence of L and Guru to be rather reassuring - if these
guys can make a dollar practicing law, I can make a million.

On 3/15/06, Guru wrote:
> Oh cool, Bank of America (BOA) is your client. Do you do collection
> work for them? What kind of work do you do for them? In one of
> your older posts, you mentioned you thought PI work was miserable.
> Why did you leave PI work?
>
> Since you have never contributed anything here, try helping solos
> and prospective solos by answering the following questions:
>
> 1.) Why did you feel Personal Injury law was "a miserable practice?"
>
> 2.) How were you able to snag a large corporate client like Bank of
> America and what kind of work do you do for them?
>
> I, and many others, look forward to your contribution to the board.
>
> Thanks,
> Guru
>
>
> On 3/15/06, BOA wrote:
>> I wasn't talking about JF. I was talking about your sarcastic
>> response about investment banking to someone who specifically
>> asked that investment banking be excluded from the conversation.
>>
>> Since you brought up JF, I'll defend him/her too. From what I
>> read, the "skirmish" started when he/she mentioned that bankruptcy
>> is not dead. Seems you got a little annoyed with that, maybe out
>> of jealousy. Yes, JF was not exactly right in portraying the law
>> (which came up after you became annoyed), but he/she did explain
>> his/her posts, which was good enough for me.
>>
>> BOA are the partial initials of my favorite corporate client whose
>> full name I will not mention. I used to call myself "BOA Atty"
>> until I shortened it.
>>
>> Why don't you find a chatboard about investment banking and be a
>> nuisance there instead?
>>
>>
>> On 3/15/06, Guru wrote:
>>> What?
>>>
>>> What does BOA stand for? Are you an attorney, or another 3L
>>> pretender? Come clean.
>>>
>>> I got into a "skirmish" with JF because he was running around
>>> getting the law wrong on key points. That doesn't make me a
>>> troublemaker.
>>>
>>> And as far as solo practice is concerned, there are solos out
>>> there right now who are making a fortune, and I was one of them,
>>> until the credit card companies passed a law gutting
>>> bankruptcy. So, you can absolutely make it as a solo. Like I
>>> also said, I quit because I didn't want to do messy divorces or
>>> plead smelly crooks out all day down at city court. That's not
>>> for me, but maybe it is for you. Maybe you'll grow fond of
>>> drunk drivers or wife beaters.
>>>
>>> The key to making it work is simple: Be well capitalized, get a
>>> small office, do smart marketing, do great work for clients, and
>>> network, network, network. Most solos fail the first
>>> requirement. That's why, when they are 80, they are still
>>> defending leadfoots in traffic court. If you don't have $50,000
>>> in the bank, don't go solo. Think about it, realistically.
>>>
>>> On 3/15/06, BOA wrote:
>>>> "Have you considered investment banking?"
>>>>
>>>>
>>>> What kind of comment is that? Kristi specifically directed her
>>>> question "to the more positive members of this group ---
>>>> (i.e., those not going into investment banking". Seems to me
>>>> that "Guru" is out to look for trouble and destroy this board.
>>>>
>>>> FYI, Guru, there are solos who are continuing with the
>>>> practice of law.
>>>>
>>>>
>>>> On 3/15/06, Guru wrote:
>>>>> I'd say it probably is slightly higher than what the hourly
>>>>> pay for law clerks is. Maybe $10-$15 an hour. Just
>>>>> curious, why are you working part time? Have you considered
>>>>> investment banking?
>>>>>
>>>>> On 3/14/06, Kristi wrote:
>>>>>> My question to the more positive members of this group ---
>>>>>> (i.e., those not going into investment banking at the first
>>>>>> opportunity or lamenting his decision to go to law school).
>>>>>>
>>>>>> I may be working for a solo practioner in the
>>>>>> bankruptcy/probate admin./estate planning field in a
>>>>>> relatively small town (~70,000).
>>>>>>
>>>>>> What is a realistic hourly rate for a part-time attorney?
>>>>>> What about part-time independent contract work? I'm not
>>>>>> totally new (lots of research & writing experience, but no
>>>>>> client experience and new to these fields). I'm thinking
>>>>>> $25-$35 for the contract rate, but not sure about p/t
>>>>>> employment rate.
>>>>>>
>>>>>> Thanks in Advance for any advice!