Quote:
Originally posted by taxwonk
Bad idea. ... this will be complicated by the paycheck shock that #1 will experience.
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Not necessarily - if #1 will be paid "less than 1/2 of what a firm would charge for a super jr. associate to do it," then he may actually get a pay raise. For example, the hourly billing rate for a first year associate here is more than 200% my gross hourly wage (assuming not-very-high annual billables). If #1 is more mid-level (I'm pretty sr.), and/or he is working a lot of hours, the difference would be greater.
BR(for the math-inhibited, I compared (A) first year billing rate vs. (B) my salary last year divided by 1750; A/B = approx. 2.1)C
It's still a bad idea, though. Nothing a mutual friend can do about it except stay out of it.
