Lucrative Mayor Ravi Bhalla “side hustle” law firm contract REVEALED!
The full Ravi Bhalla contract will be published on Monday.
|Mayor Ravi Bhalla appears in the role of Rain Man in a game of PAC man as details of his law firm contract
were leaked in a late Friday news dump.
In a breaking revelation to the Mayor Ravi Bhalla “side hustle” law firm gig discovered over the holiday weekend, newly released details show the potential actual value is far greater than originally stated by Bhalla campaign spokesman Rob Horowitz.
Only days earlier, the contract for work beyond Hoboken mayor was stated as far below $100,000.
Excerpts of the contract between Mayor Ravi Bhalla and Lavery, Selvaggi, Abromitis & Cohen were reported late Friday in a breaking news story on the Hudson County View.
An obviously hasty redone agreement dated yesterday, (February 22nd) from the law firm lays out some fat potential paydays to Mayor Ravi Bhalla for delivering clients to the firm.
For starters, Mayor Ravi Bhalla is paid $60,000 plus a generous commission structure as stated in the law firm contract PLUS:
- The law firm contract will pay out “additional compensation” at 20% of all gross revenues for (new) clients in excess of $60,000 up to $750,000.”
- The law firm contract additionally pays Ravi Bhalla “15% of all gross revenues in excess of $750,000” in revenues paid by the new client(s).
- Payments from the law firm to Ravi Bhalla are specified as calculated and paid out quarterly.
Last Saturday, Ravi Bhalla’s campaign spokesman stated Ravi Bhalla’s salary would be well south of $100,000 and failed to disclose any aspect of the rich commission structure in directing clients to the Republican leaning law firm.
|The Republican leaning law firm and their lucrative client commission structured
contract with Mayor Ravi Bhalla surfaced.
It’a a rain man deal not “advisory” or “mentoring” as MSV originally theorized.
Talking Ed Note: Mayor Ravi Bhalla is caught red-handed in another big PHAT LIE!
This law firm contract has nothing to do with being “advisory” or “mentoring;” –
Related: The original story where Mayor Ravi Bhalla broke his promise to focus working on Hoboken as a full time mayor!