Rimon Facts and Figures

Rimon Partner

Emma R. Larson, Asset Finance Partner in Seattle

I was looking for a better way to maintain and build my niche practice in asset finance when I joined Rimon from White & Case. I knew I needed a cost structure that provided greater value to my clients as well as experienced partners in complementary service areas to meet the needs of my cross-border practice. In addition, I was looking for a firm that placed a low premium on bureaucracy and politics and trusted its partners to grow their own practices. Rimon gives me the flexibility to manage the unpredictable nature of a cross-border practice with the demands of a dual career family. I am now well placed to meet industry needs and excited about the innovative structures Rimon has to offer.

94%
ATTORNEY RETENTION RATE

10+
NEW OFFICES SINCE 2021

40%
CROSS-SERVICE RATE

28%
GROWTH IN ATTORNEY HEADCOUNT

17%
REVENUE INCREASE PER PARTNER

50+
AREA OF EXPERTISE

Our Attorneys were Partners at Firms Including

Allen & Overy ‧ Alston & Bird ‧ Arent Fox ‧ Baker McKenzie ‧ Blank Rome ‧ Bryan Cave ‧ Clifford Chance ‧ Allen & Overy ‧ Alston & Bird ‧ Arent Fox ‧ Baker McKenzie ‧ Blank Rome ‧ Bryan Cave ‧ Clifford Chance

Crowell & Moring ‧ Davis Wright Tremaine (Practice Group Chair) ‧ Dentons ‧ DLA Piper ‧ Duane Morris Foley & Lardner ‧ Fried Frank ‧ Crowell & Moring ‧ Davis Wright Tremaine (Practice Group Chair) ‧ Dentons ‧ DLA Piper ‧ Duane Morris Foley & Lardner ‧ Fried Frank

Gibson Dunn ‧ Goodwin ‧ Gunderson Dettmer ‧ Greenberg Traurig ‧ Holland & Knight ‧ Jones Day ‧ Katten Muchin Rosenman ‧ Gibson Dunn ‧ Goodwin ‧ Gunderson Dettmer ‧ Greenberg Traurig ‧ Holland & Knight ‧ Jones Day ‧ Katten Muchin Rosenman

King & Spalding ‧ Kramer Levin ‧ Manatt ‧ McDermott Will & Emery ‧ Milbank Morgan Lewis ‧ Morrison & Foerster ‧ King & Spalding ‧ Kramer Levin ‧ Manatt ‧ McDermott Will & Emery ‧ Milbank Morgan Lewis ‧ Morrison & Foerster

Nixon Peabody ‧ Orrick ‧ Pillsbury Winthrop ‧ Reed Smith ‧ Saul Ewing ‧ Sheppard Mullin ‧ Squire Patton Boggs ‧ White & Case ‧ Winston & Strawn ‧ Nixon Peabody ‧ Orrick ‧ Pillsbury Winthrop ‧ Reed Smith ‧ Saul Ewing ‧ Sheppard Mullin ‧ Squire Patton Boggs ‧ White & Case ‧ Winston & Strawn

The Difference

INFRASTRUCTURE
INFRASTRUCTURE
International offices with global reach
International offices with global reach
 Access to office space
Access to office space
 Investment in artificial intelligence and automation technology
Investment in artificial intelligence and automation technology
 Decentralized and distributed workforce
Decentralized and distributed workforce
 Lack of committees/bureaucracy
Lack of committees/bureaucracy
 Structured so attorneys can live and work where they want
Structured so attorneys can live and work where they want
TEAM AND SUPPORT
TEAM AND SUPPORT
 All Partners have many years of proven excellence
All Partners have many years of proven excellence
 Attorneys work closely together as a team
Attorneys work closely together as a team
 Associate and paralegal support
Associate and paralegal support
 Full-service team of legal specialists
Full-service team of legal specialists
 Marketing support
Marketing support
 IT support
IT support
 Administrative support
Administrative support
 Full-time and dedicated management team
Full-time and dedicated management team
 Computers, software, research tools, office supplies
Computers, software, research tools, office supplies
ECONOMICS
ECONOMICS
 Objective compensation model
Objective compensation model
 Low fixed overhead
Low fixed overhead
 Flexibility in hours billed
Flexibility in hours billed
 Attorneys paid in full every month with no compensation withheld or delayed
Attorneys paid in full every month with no compensation withheld or delayed
 No capital contribution requirement
No capital contribution requirement
 Flexibility in billing rates and value-based billing
Flexibility in billing rates and value-based billing
 Healthcare and benefits
Healthcare and benefits

Your Compensation with Rimon

Rimon’s compensation model is based on this clear and purely objective formula, leaving no room for politics, confusion, or bureaucracy. For your convenience, we have provided this compensation calculator to help you determine what your estimated income would be at Rimon.

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* This estimate includes salary and Federal Payroll Taxes for your team but does not include the cost of benefits or state payroll taxes. The calculations for inbound and outbound revenue is just an estimate and depends on relevant internal fees, which are variable and up to the individual attorneys. Please contact recruiting@rimonlaw.com to apply for a lateral attorney position or to learn more. All contacts will be kept strictly confidential.

Frequently Asked Questions

  • Is Rimon right for me?

    If most of the following statements apply to you, then yes:

    • You have a reputation for excellence in your area of expertise.
    • You have a sophisticated practice that requires other specialists in a variety of practice areas.
    • You have at least eight years of sophisticated experience from a top-tier law firm or in-house legal department.
    • You have a loyal and portable client base.
    • You value collaboration and working closely with other attorneys.
    • You would like more flexibility in how you bill clients.
    • You value a more flexible lifestyle.
    • You try to avoid unnecessary bureaucracy.
    • You are entrepreneurial.

  • What makes Rimon the “law firm evolved” or “the law firm of the future”?

    Rimon takes the best elements of the traditional law firm — collaboration and support — and joins them with the power and flexibility of new technology and a new outlook. Rimon’s “spherical structure” gives our attorneys full autonomy over how they want to work with their clients, while our highly secure cloud technology allows our attorneys to work where they want, when they want. Through thoughtful management, Rimon encourages collaboration rather than competition within the firm. Our compensation structure is purely objective, thus eliminating most hierarchy, politics, or unnecessary bureaucracy within the firm. The result is happier attorneys and better served clients.

  • What is the firm’s compensation structure?

    Rimon’s compensation model is based on a clear and purely objective formula, leaving no room for politics, confusion, or bureaucracy. This formula ensures that everyone’s interests are aligned, including the originating attorney, the servicing attorney, the client, and the firm. Click here to see the formula.

  • What is the difference between a “pyramid structure,” a “flat structure,” and Rimon’s “spherical structure”?

    The conventional law firm model has a pyramid structure — the higher you go the narrower it gets — that is based on the notorious “up-or-out” career path and encourages bureaucracy, politics, and pushing work down to less experienced attorneys. A flat model, like AxiomLaw or virtual law firms, allows attorneys to work individually with clients, but without much support from the firm. Rimon’s spherical structure allows attorneys to work directly with clients, with no pressure from above or below, but it also provides support from a close-knit team of other partners, associates, and staff. It is more efficient than a pyramid model, allows for more sophisticated work than a flat model, and is more flexible than both.

  • Is Rimon a “virtual law firm”?

    Rimon is not a virtual law firm. A virtual law firm is an umbrella organization in which attorneys work under a single brand, but not as a true team. That model is ideal for attorneys with a solo practice who want to practice under a single firm umbrella. Rimon’s model is a hybrid, where each attorney has the independence of a virtual firm combined with the collaboration and support of a traditional high-end bricks-and-mortar firm. We have a strict vetting system to make sure all attorneys who join us are not only of the highest caliber but also highly collaborative in their practice. This ensures both quality and collegiality.

    We do not believe in a one-size-fits-all approach. We talk with each of our attorneys to learn what their needs are, and if what the attorney needs is financially feasible, we provide it. For example, if an attorney wants to go into a physical office every day in order to better serve their clients, then we provide office facilities. If, however, the attorney would rather work from home and use an office only for meetings, we provide that instead.

  • What kind of support does Rimon provide?

    We provide everything that our attorneys need to serve their clients well, including administrative support, IT support, paralegal support, a collaborative platform, PR/marketing support, research tools, office equipment, billing, client intake, accounting, office space, etc. We do not believe in a one-size-fits-all approach; we meet each individual attorney’s needs, within the bounds of financial sense. For an attorney whose clients are best served from a physical office, and whose work level requires a full-time assistant — we provide that. For an attorney who prefers to work from home, using an office only for meetings — we provide the physical space and the virtual support to make that happen.

  • How is the firm managed?

    Rimon is primarily managed by its founders, Michael Moradzadeh and Yaacov Silberman. Unlike in the conventional law firm model, Rimon’s management does not micromanage how our attorneys choose, serve, or bill their clients. Instead, they focus on increasing collaboration within the firm, facilitating discussion among the attorneys, growing the firm, and making sure all of the attorneys are getting the support they need to serve our clients well.

    Rimon’s attorneys are highly experienced professionals who do not need management looking over their shoulders. Once attorneys are in the firm, they have full flexibility in billing and practice. Their ideas about growth and innovation in the firm are welcome. In fact, most of the greatest innovations in Rimon’s model have come from our attorneys rather than management.

  • Where do Rimon’s attorneys work?

    Rimon’s model allows attorneys to work wherever they want without sacrificing quality or connectivity with their colleagues. This allows for maximum flexibility. Some of our attorneys choose to go into an office every day. Others choose to work from home and go to one of our offices from time to time for meetings or simply to get away. Some of our attorneys live far from their designated office and come in only when they have to. In addition to all of our official offices, Rimon also has an agreement with Regus, which allows our attorneys to access offices all over the world when needed.

  • Who are some of the firm’s clients?

    Rimon’s clients range from Fortune 10 multinational corporations to early-stage start-ups and high-net-worth individuals. Our clients span many sectors including technology, finance, entertainment, and higher education. While most of our clients are highly confidential, you can see a small sample of them here.

  • How do Rimon’s attorneys work as a team?

    Rimon’s platform was specifically designed to increase collaboration through many mechanisms including:

    • Recruiting only attorneys likely to work with at least two other attorneys in the firm and vetting for a collaborative mindset
    • An objective compensation structure that encourages cross-selling and collegiality
    • Two firm-wide video conferences every month that are mostly attorney-led discussions facilitated by management along with many other group video calls
    • Three attorney retreats a year that are focused on team-building and cross-servicing
    • Two monthly “speed networking” video calls in which attorneys least likely to have worked together are matched by our proprietary software for a five minute one-on-one video call
    • A secure internal social network used as a “virtual water cooler” where attorneys instantly see all new client matters, share legal updates, and even share family photos – creating a community across several time zones
  • How does Rimon integrate new attorneys?

    Before an attorney joins, we make sure all the other attorneys in the firm know about the attorney’s background, interests, and practice. Once the attorney joins, our intake team works with them to train them on our systems and to transition their files and clients smoothly. We connect the new attorneys with the colleagues they are most likely to work with so they can discuss avenues for immediate collaboration. We also introduce them to the entire firm by video in the first semi-monthly meeting after they join, giving them the opportunity to tell everyone in the firm about their practice and how others might work with them. After that point, their integration progresses through our continued intake trainings, triannual retreats, internal “virtual water cooler,” local get-togethers, semi-monthly one-on-one calls, semi-monthly firm-wide video conferences, group video calls, and other regular teambuilding opportunities.

  • Where is the firm’s home office, and how do attorneys from Rimon’s various offices interact with one another?

    Rimon is a distributed law firm that uses cloud technology to bring all our attorneys and offices together. As a result, none of our attorneys are “remote” since access to the firm’s platform and team is equal regardless of location. Rimon’s administrative staff is also distributed and equally accessible. Rimon’s first office was in Silicon Valley where it was founded, but this office is no different than any of the other offices.

  • Do attorneys have flexibility in billing?

    A Rimon attorney working for their own originated clients has absolute discretion in billing. When an attorney works for another’s originated client, the two have full autonomy to agree on whatever billing arrangement best suits them and the client.

Frequently Asked Questions

Is Rimon right for me?

If most of the following statements apply to you, then yes:

  • You have a reputation for excellence in your area of expertise.
  • You have a sophisticated practice that requires other specialists in a variety of practice areas.
  • You have at least eight years of sophisticated experience from a top-tier law firm or in-house legal department.
  • You have a loyal and portable client base.
  • You value collaboration and working closely with other attorneys.
  • You would like more flexibility in how you bill clients.
  • You value a more flexible lifestyle.
  • You try to avoid unnecessary bureaucracy.
  • You are entrepreneurial.

Disrupt

The conventional law firm model is due for an upgrade. It was first established over 100 years ago, and along the way has grown into a large bureaucratic system. In the meantime, the world has changed thanks to technology and changes in society. In 2008, Rimon’s founders saw these shifts in technology and society as an opportunity to create a better model law firm. One that was better for clients as well as the law firm lawyers and staff. Since its inception in 2008, Rimon, P.C. has repeatedly been recognized for its innovation and excellence by sources like the ABA Journal, American Lawyer, the Atlantic, Harvard Law School, and the Financial Times. In this white paper, Rimon’s founders describe what went wrong with the conventional law firm model and how it is ripe for disruption.

The conventional law firm model is due for an upgrade. Here, Rimon’s founders describe what’s gone wrong with the conventional law firm model and how it’s ripe for disruption.
disrupt-book

Apply Now or Learn More

To learn more or to apply, please use the form below or send an email to recruiting@rimonlaw.com.
All communications will be kept in the strictest confidence.

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