Lowest you'll accept for this position?

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Lowest salary you would accept under these circumstances

50k or less
1
2%
60k
1
2%
70k
3
7%
80k
1
2%
90k
1
2%
100k
4
9%
110k
3
7%
120k
6
13%
130k
2
4%
140k+
24
52%
 
Total votes: 46

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

Lowest you'll accept for this position?

Postby Anonymous User » Tue Aug 22, 2017 2:11 am

T14 grad, 1 year experience in corporate at firm (non-biglaw; small/midsize firm)

Recently laid-off due to non-performance reasons. Decent interviewer. Money is not a factor for the foreseeable future (assume parents will help out with rent).

Peer sized, primary market (non-NYC) firm with target of 2000 billables.

malibustacy

Bronze
Posts: 180
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Re: Lowest you'll accept for this position?

Postby malibustacy » Tue Aug 22, 2017 7:19 am

Any best offer on the table of course. We don't know the circumstances of your situation, but it seems that it's not entirely the best one to be in as a young attorney.

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Vexed

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Posts: 302
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Re: Lowest you'll accept for this position?

Postby Vexed » Tue Aug 22, 2017 7:48 am

If I'm paying COL in a biglaw market and working with a biglaw billable hour target, I'd want the closest thing to biglaw pay, which is apparently 140k in this poll.

That being said, if money isn't a factor I wouldn't even set a floor - I'd be looking for the chillest possible job.

QContinuum

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Posts: 505
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Re: Lowest you'll accept for this position?

Postby QContinuum » Tue Aug 22, 2017 9:11 am

Vexed wrote:If I'm paying COL in a biglaw market and working with a biglaw billable hour target, I'd want the closest thing to biglaw pay, which is apparently 140k in this poll.

That being said, if money isn't a factor I wouldn't even set a floor - I'd be looking for the chillest possible job.


Seconded. 2000 is nothing to sneeze at - it is absolutely BigLaw-range billables (and would correspond to BigLaw-range hours). That said, pay at smaller firms is often significantly less - it's not "fair," but that's just how the market is. Not sure what you're really looking for here: Do you want TLS' blessing to take a lower-paying job since finances are less of an issue/not an issue for you? Do you want to hear that QOL will be substantially better at this firm compared to BigLaw (hint: it probably won't be, given the billable target)? Or do you want us to tell you to go BigLaw or bust?

Anonymous User
Posts: 325805
Joined: Tue Aug 11, 2009 9:32 am

Re: Lowest you'll accept for this position?

Postby Anonymous User » Tue Aug 22, 2017 10:10 am

To give you a data point here - I recently moved from a midsize firm to a corporate & IP boutique. Billable target is 1750. I'm bringing in $140k + 20% of any business I originate. I'd shoot for at least 140 if you're in a primary market.

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dailygrind

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Re: Lowest you'll accept for this position?

Postby dailygrind » Tue Aug 22, 2017 10:15 am

An attorney laid off in their first year is in a vulnerable place, so you kind of have to be open to a wide range of salary outcomes. That said, 2000 billable hours is not fun, and anything less than six figures for that would be hard for me to stomach.



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