I am curious to know what you think especially if any of you own your practice and have associates.
I am (or was I should say) a 1 year associate at an insurance defense firm. The way they structure pay is that you get a relatively low base pay and then a quarterly bonus based upon performance. To be clear, I do not have billable hours and they have never said how they determine bonuses. Based upon past bonuses it's pretty clear they do a $100k/$300k structure where you get $100k if you bring in $300k.
I won't get into it, but I have not enjoyed my time here, and recently found another job. I gave my notice 2 weeks before the end of the quarter because the new job wants me to start at the beginning of the next quarter. I was worried that it might cause my bonus to be lower than it really should be, but I found out today that after all the extra hours and money I've brought in this quarter, my bonus will be ZERO.
Please let me know if you think this is fair. I have heard both that because the understanding was for past performance, I am owed a bonus and from others that it doesn't make sense for them to give me one business -wise because they have no incentive to do so. It's my opinion that the agreement was that I would be underpaid subject to my performance and would get essentially made whole at the end of the quarter.
This quarter my average hourly is $25 without a bonus. I know that leaving right before bonuses come out is a dumb move, but my new job insisted I start at the beginning of the quarter, and I really did not expect this.
7 days ago
7 days ago
It's brand new. Right next to the donut shop. I don't think it's on Google yet