Let's talk in-house salaries

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tfer2222

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Re: Let's talk in-house salaries

Postby tfer2222 » Wed Aug 24, 2016 12:56 pm

Tag

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Re: Let's talk in-house salaries

Postby Anonymous User » Wed Aug 24, 2016 1:16 pm

I'm waiting to hear a decision for an in-house position at a 100+ person start-up in San Francisco. I've got 4 years experience at a biglaw firm. Assume average additional benefits (e.g., stock options etc). Anyone have an idea what the appropriate base salary should be?

I've read the Robert Half salary guide which suggests around $155,000 is appropriate. I previously interviewed a year ago with on of the big tech companies in the Bay Area and they were offering $135,000. I presume startups will pay less than the big tech companies, so I would guess around $130,000 for a 4th year in-house startup salary is probably appropriate but I want to make sure I'm not undervaluing myself. Any thoughts?

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curepure

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Re: Let's talk in-house salaries

Postby curepure » Thu Aug 25, 2016 4:19 pm

Anonymous User wrote:3 Years out of law school
1 month In-House (non-legal)
Corporate Associate in biglaw for 1.5 years (corporate)
Base salary is $190K
Target bonus is 20-30K
Industry is risk management in large investment bank


Op, how did you know about the position with only 1.5yr in biglaw? did you have a finance/business background to get in the risk management field?
Last edited by curepure on Sat Sep 10, 2016 1:18 pm, edited 1 time in total.

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Re: Let's talk in-house salaries

Postby Anonymous User » Thu Aug 25, 2016 6:08 pm

5 years out; 1.75 in this job

NYC

Salary: $200 (promoted up from $180 or so recently)
Bonus: 25% cash last year; no equity due to poor company performance (everyone at my title got dinged). Expectation for this year: 25% cash; 20% (maybe? it really depends) equity.
Benefits: health insurance, etc. 6% 401(k) match, profit sharing. ESPP w/ discount (which i don't use because or stock is volatile and we have limited growth prospects).
Hours: 8:45 to 7 or so. Weekends maybe 4 times a year. Never (almost) work from home.
Industry: financial services but NOT a bank.

I'm considering a move to another job at $250 base plus much lower bonus. Not sure what the right answer is.
Last edited by Anonymous User on Thu Aug 25, 2016 6:09 pm, edited 1 time in total.

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Re: Let's talk in-house salaries

Postby Anonymous User » Thu Aug 25, 2016 6:08 pm

deleted, double post.

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Re: Let's talk in-house salaries

Postby Anonymous User » Thu Aug 25, 2016 11:12 pm

2 years out of LS
6 months in-house
Corporate primarily, but see wide variety including lit, RE, IP
$105 base salary (far and away the worst thing about my job)
15% bonus
Non-NYC market
Entertainment industry

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Aug 26, 2016 1:58 am

I am interviewing at a media/software company for a patent lit position in CA. I am 5 years out, always done patent lit, CS background, and make NY market. I feel like the salary could range wildly. We shall see if I get an offer. Any guesses? (It is a pretty big company that you have heard of and likely use their product.)

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Aug 26, 2016 8:08 am

Posted this in the general legal salary sticky but i'll repost here:

- 1 Year out of law school but have a few years experience as a patent agent
- In-house patent attorney for a large (F500) company doing mostly outside counsel management
- Been here for a little less than a year, based in a large secondary city (e.g., Boston/Houston/DC)
- $155k base. Yearly raises are expected to be shit.
- Bonus is expected to be 3%-10%, probably around 5%.
- 3 weeks vacation, excellent (and cheap) health benefits, 401k match (~5%), potential for stock options but it will take a few years of accrued seniority.
- Hours: 9-5 and no nights or weekends

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Aug 26, 2016 9:39 am

Recently left my in-house job to go back to big law. Yes, I am sadistic....

I got the job after 2.5 years in a regional big law firm.
Base 135 + 20% bonus.
Midcap company.
9-5 work.
Ok benefits. 15 days vacation. Boss allows you to work remotely as long as you do not abuse.
Tech trans work with data privacy (non-vendor company).
Secondary city.

Kochel

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Re: Let's talk in-house salaries

Postby Kochel » Fri Aug 26, 2016 2:02 pm

I've been in-house for quite a while now--asset management industry, 10-15 internal lawyers--so my own comp is not particularly relevant. My company typically hires lawyers with 2-5 years of Biglaw experience. For those lawyers, base salary is typically 160-185, with bonus of 50-100. Base salaries can remain static for long periods, though bonuses can increase more frequently. Upon promotion to a senior level, base usually rises only modestly, but bonuses go up substantially (sometimes exceeding base). Work environment is usually 9-6, with almost no weekends.

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Feb 03, 2017 12:25 pm

bump.

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Feb 03, 2017 1:03 pm

Kochel wrote:I've been in-house for quite a while now--asset management industry, 10-15 internal lawyers--so my own comp is not particularly relevant. My company typically hires lawyers with 2-5 years of Biglaw experience. For those lawyers, base salary is typically 160-185, with bonus of 50-100. Base salaries can remain static for long periods, though bonuses can increase more frequently. Upon promotion to a senior level, base usually rises only modestly, but bonuses go up substantially (sometimes exceeding base). Work environment is usually 9-6, with almost no weekends.


Now this is winning in my eyes. Would you say this is fairly typical of other specialty areas within financial services? I work in Finance bigtique, but limited work in AM.

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Re: Let's talk in-house salaries

Postby Anonymous User » Fri Feb 03, 2017 5:49 pm

Tagging. Very interested in in-house options for biglaw litigators.

RaceJudicata

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Re: Let's talk in-house salaries

Postby RaceJudicata » Fri Feb 03, 2017 6:15 pm

Anonymous User wrote:Tagging. Very interested in in-house options for biglaw litigators.


I think the fact that no one (or very few people) have mentioned an in-house salary as a litigator is telling. :(

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abogadesq

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Re: Let's talk in-house salaries

Postby abogadesq » Fri Feb 03, 2017 10:01 pm

Does anyone have any information on the starting salary for an in-house associate in the hospitality industry (Wyndham, Hilton, Holiday, etc.)?

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Re: Let's talk in-house salaries

Postby Anonymous User » Sun Feb 26, 2017 4:30 pm

I have two data points.

Big law litigator, 9th year senior associate. Went in house for a tech company in the Bay Area. Base Is $175k plus 20% bonus plus stock options and RSU and 401k matching.

Big law litigator, 7th year associate. In house for a different tech company in the Bay Area. Base is $205k plus 20% bonus plus 4% 401k matching but no stock options or 401k matching.

Both tech companies very well known and been around for a long time.

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Re: Let's talk in-house salaries

Postby Anonymous User » Sun Feb 26, 2017 4:30 pm

I have two data points.

Big law litigator, 9th year senior associate. Went in house for a tech company in the Bay Area. Base Is $175k plus 20% bonus plus stock options and RSU and 401k matching.

Big law litigator, 7th year associate. In house for a different tech company in the Bay Area. Base is $205k plus 20% bonus plus 4% 401k matching but no stock options or 401k matching.

Both tech companies very well known and been around for a long time.

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Re: Let's talk in-house salaries

Postby Anonymous User » Sun Feb 26, 2017 4:58 pm

Does anyone have info about in-house salaries for associates who did big law finance / high yield work?

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Re: Let's talk in-house salaries

Postby Anonymous User » Sun Feb 26, 2017 6:09 pm

I have a generalist in house interview coming up and I have no idea what to do if asked about salary. When it came up in preliminary interviews I just sort of stammered and asked to talk about it later.

It's a public company in a pretty remote part of the country with roughly 15 people in the legal department. I know what the GC makes, but other than that I have no data points to base a number on. Pretty worried about asking too much, but of course I also don't want to leave money on the table.

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Re: Let's talk in-house salaries

Postby Anonymous User » Sun Feb 26, 2017 6:57 pm

Anonymous User wrote:I have a generalist in house interview coming up and I have no idea what to do if asked about salary. When it came up in preliminary interviews I just sort of stammered and asked to talk about it later.

It's a public company in a pretty remote part of the country with roughly 15 people in the legal department. I know what the GC makes, but other than that I have no data points to base a number on. Pretty worried about asking too much, but of course I also don't want to leave money on the table.


My advice is to just say you're flexible with Salary and leave it at that. If they push you for a number, don't give it to them! Let them throw out the first number and go from there. Nothing good will come from you giving them an arbitrary number especially if you're not sure. Too low and you're selling yourself short. Too high and you just look greedy.

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Re: Let's talk in-house salaries

Postby Anonymous User » Mon Mar 06, 2017 12:05 pm

2 years out of law school
Previously at midlaw firm as corporate generalist, now in house very recently
Practice area is insurance
Base salary is 135-145k
Bonus expected is 20-25k
No equity grants, vesting, or 401k match

The role is a business side, JD advantage position.

redsox550

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Re: Let's talk in-house salaries

Postby redsox550 » Mon Mar 06, 2017 12:13 pm

Anonymous User wrote:
Anonymous User wrote:I have a generalist in house interview coming up and I have no idea what to do if asked about salary. When it came up in preliminary interviews I just sort of stammered and asked to talk about it later.

It's a public company in a pretty remote part of the country with roughly 15 people in the legal department. I know what the GC makes, but other than that I have no data points to base a number on. Pretty worried about asking too much, but of course I also don't want to leave money on the table.


My advice is to just say you're flexible with Salary and leave it at that. If they push you for a number, don't give it to them! Let them throw out the first number and go from there. Nothing good will come from you giving them an arbitrary number especially if you're not sure. Too low and you're selling yourself short. Too high and you just look greedy.



I always thought the best approach if forced for numbers is to say "I currently make x Dollars, how much are you willing to pay to get me to switch jobs? Though that line is more appropriate post offer if pushed for numbers

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Toni V

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Re: Let's talk in-house salaries

Postby Toni V » Mon Mar 06, 2017 12:33 pm

Whenever BL cohorts have briefly discussed in-house, it has always been negative….tagging this thread because it notes a more positive view.

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Re: Let's talk in-house salaries

Postby Anonymous User » Mon Mar 06, 2017 12:34 pm

Any IP Lit biglaw -> inhouse associates ?

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Re: Let's talk in-house salaries

Postby Anonymous User » Mon Mar 06, 2017 12:42 pm

Anonymous User wrote:2 years out of law school
Previously at midlaw firm as corporate generalist, now in house very recently
Practice area is insurance
Base salary is 135-145k
Bonus expected is 20-25k
No equity grants, vesting, or 401k match

The role is a business side, JD advantage position.


Considering a similar position, are you happy there? Why did you make the switch, do you think that position was hard to get?



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