biglaw --> in house pay-cuts in light of recent biglaw raises?

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biglaw --> in house pay-cuts in light of recent biglaw raises?

Postby Anonymous User » Thu Oct 20, 2016 6:56 pm

I'm considering in-house opportunities in the major markets (hence anon) and wondering how my pay will drop from biglaw --> fortune 500 inhouse. A friend of mine transitioned JUST before and is getting $180k as a ~5th year. I'm thus hoping to get the same pay as a ~4th year, albeit at a different company.

Older threads (e.g., viewtopic.php?f=23&t=195869&start=25) talk about significantly lower pay, but those were pre-raises and a few years of strong growth back.

What do you guys think (or know) is market for in-house in NY / SF / LA / DC, for a mid-level?

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trebekismyhero

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Re: biglaw --> in house pay-cuts in light of recent biglaw raises?

Postby trebekismyhero » Thu Oct 20, 2016 11:27 pm

Anonymous User wrote:I'm considering in-house opportunities in the major markets (hence anon) and wondering how my pay will drop from biglaw --> fortune 500 inhouse. A friend of mine transitioned JUST before and is getting $180k as a ~5th year. I'm thus hoping to get the same pay as a ~4th year, albeit at a different company.

Older threads (e.g., viewtopic.php?f=23&t=195869&start=25) talk about significantly lower pay, but those were pre-raises and a few years of strong growth back.

What do you guys think (or know) is market for in-house in NY / SF / LA / DC, for a mid-level?


It totally depends on market and industry and company for that matter so hard to give a good answer. I have a friend who was a 7th year at a V20 and got a nice in-house gig this past year for $225k in NY, but before that he had been interviewing for places that were offering well under 180 in SF.

jarofsoup

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Re: biglaw --> in house pay-cuts in light of recent biglaw raises?

Postby jarofsoup » Fri Oct 21, 2016 2:18 am

Banks are usually pretty competitive. You have to also consider that your bonus and your benefits packages will be a lot better.

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nealric

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Re: biglaw --> in house pay-cuts in light of recent biglaw raises?

Postby nealric » Fri Oct 21, 2016 11:48 am

Anonymous User wrote:I'm considering in-house opportunities in the major markets (hence anon) and wondering how my pay will drop from biglaw --> fortune 500 inhouse. A friend of mine transitioned JUST before and is getting $180k as a ~5th year. I'm thus hoping to get the same pay as a ~4th year, albeit at a different company.

Older threads (e.g., http://www.top-law-schools.com/forums/v ... 9&start=25) talk about significantly lower pay, but those were pre-raises and a few years of strong growth back.

What do you guys think (or know) is market for in-house in NY / SF / LA / DC, for a mid-level?


In-house is very industry, company, and role specific.

I took a ~$50k cut in base pay when I went in-house as a 4th year (F500 oil and gas), but I actually made about the same all-in. Banks can pay more, something like retail likely less.

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Re: biglaw --> in house pay-cuts in light of recent biglaw raises?

Postby Anonymous User » Fri Oct 21, 2016 12:24 pm

FWIW;

As a third year associate from a NLJ250 firm I was getting roughly 155-160k including bonus in a secondary city. I actually ended up getting a 20-25% pay increase coming from a non-major market nlj250 firm.



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