Help me evaluate this in-house offer Forum
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Anonymous posting is only appropriate when you are revealing sensitive employment related information about a firm, job, etc. You may anonymously respond on topic to these threads. Unacceptable uses include: harassing another user, joking around, testing the feature, or other things that are more appropriate in the lounge.
Failure to follow these rules will get you outed, warned, or banned.
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Anonymous User
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Help me evaluate this in-house offer
Thank you for the input.
Last edited by Anonymous User on Mon Feb 10, 2020 4:38 pm, edited 2 times in total.
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The Lsat Airbender
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Re: Help me evaluate this in-house offer
Unless you have good, specific reasons you think you could make partner at your current firm, this sounds like a pretty good offer from a purely financial perspective. 150 large is plenty to sustain $3400/mo. of mortgage and still save aggressively.
If partnership isn't reasonably likely for you, then your opportunity cost is, what, $250k or so of marginal pre-tax income you'd be making as a senior associate, after which you realistically go in-house anyway? How much that delays FIRE depends on a lot of things, like state income taxes, but at worst I think you end up working an extra year or two which sounds worth it.
If partnership isn't reasonably likely for you, then your opportunity cost is, what, $250k or so of marginal pre-tax income you'd be making as a senior associate, after which you realistically go in-house anyway? How much that delays FIRE depends on a lot of things, like state income taxes, but at worst I think you end up working an extra year or two which sounds worth it.
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Anonymous User
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Re: Help me evaluate this in-house offer
OP here, thanks for the reply. I'm going to update the thread to add a poll.
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nealric
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Re: Help me evaluate this in-house offer
The important thing to remember when going in-house is that you are really buying into a company. Large law firms do grow and fail, but tend to be a lot more stable than start ups or even many F500 companies.
So you will need to get comfortable that the company will maintain its growth trajectory. If it continues to grow and develop, it could turn out to be a great move. If the dotcom 2.0 bubble bursts and the company closes, it could be somewhat rough.
Work life balance is going to be almost totally dependent on company culture, but startups tend to be a bit more demanding than established companies. There will be fewer things that come across you desk that can simply be passed to someone else.
So you will need to get comfortable that the company will maintain its growth trajectory. If it continues to grow and develop, it could turn out to be a great move. If the dotcom 2.0 bubble bursts and the company closes, it could be somewhat rough.
Work life balance is going to be almost totally dependent on company culture, but startups tend to be a bit more demanding than established companies. There will be fewer things that come across you desk that can simply be passed to someone else.
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