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Help me evaluate this in-house offer

Posted: Sun Feb 09, 2020 7:21 pm
by Anonymous User
Thank you for the input.

Re: Help me evaluate this in-house offer

Posted: Sun Feb 09, 2020 8:08 pm
by The Lsat Airbender
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.

Re: Help me evaluate this in-house offer

Posted: Sun Feb 09, 2020 11:10 pm
by Anonymous User
OP here, thanks for the reply. I'm going to update the thread to add a poll.

Re: Help me evaluate this in-house offer

Posted: Mon Feb 10, 2020 9:48 am
by nealric
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.