In house compensation for HF/PE/VC funds
Posted: Thu Jan 13, 2022 2:56 pm
Wanted some data points on total comp. and hours
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What's your schedule look like? What was your background prior (practice group, years)?Anonymous User wrote: ↑Thu Jan 13, 2022 3:05 pmDesk lawyer @ HF. All in comp was $475. Mostly weighted to bonus. Some of it starts being deferred after you clear a certain threshold
Hours are 9-5 no weekends but could get worse if the market turns. But in general there are few emergencies and everything so far can be punted to the next day.Anonymous User wrote: ↑Thu Jan 13, 2022 3:22 pmWhat's your schedule look like? What was your background prior (practice group, years)?Anonymous User wrote: ↑Thu Jan 13, 2022 3:05 pmDesk lawyer @ HF. All in comp was $475. Mostly weighted to bonus. Some of it starts being deferred after you clear a certain threshold
Hours?Anonymous User wrote: ↑Thu Jan 13, 2022 4:20 pmAssistant GC (senior level associate class level) here, low $500k all in comp, most of that comes in the form of year end bonus or annual payments related to management fees.
Hours are all over the place, some weeks are 9-7PM, while others could be much longer depending on deal flow, especially if deal is overseas.
For exit options, I think fund formation would suit you well, but that could all be dependent on the type of fund/manager your would be going to.
Anonymous User wrote: ↑Fri Jan 14, 2022 1:15 amHours?Anonymous User wrote: ↑Thu Jan 13, 2022 4:20 pmAssistant GC (senior level associate class level) here, low $500k all in comp, most of that comes in the form of year end bonus or annual payments related to management fees.
Hours are all over the place, some weeks are 9-7PM, while others could be much longer depending on deal flow, especially if deal is overseas.
For exit options, I think fund formation would suit you well, but that could all be dependent on the type of fund/manager your would be going to.
Also interested in this. What is in-house legal at a16z, GV or similar making? I had a recruiter once drop the possibility of carry at GV (EC/VC mid here) to push me to make the move but probably not going to be in significant amounts early on.
Do you like it more than practicing law at a firm? And what does your upside look like after a couple of years?Anonymous User wrote: ↑Thu Jan 13, 2022 3:34 pmHours are 9-5 no weekends but could get worse if the market turns. But in general there are few emergencies and everything so far can be punted to the next day.Anonymous User wrote: ↑Thu Jan 13, 2022 3:22 pmWhat's your schedule look like? What was your background prior (practice group, years)?Anonymous User wrote: ↑Thu Jan 13, 2022 3:05 pmDesk lawyer @ HF. All in comp was $475. Mostly weighted to bonus. Some of it starts being deferred after you clear a certain threshold
Restructuring senior associate at a V10 (creditor side)
In Chicago, work for VC fund. Make mid-300s. Mostly 9-5Anonymous User wrote: ↑Fri Jan 14, 2022 12:05 pmThanks for this discussion - super helpful. I know HF/PE/VC jobs, particularly funds that have a need for in-house counsel, are mostly in NYC or the Bay. Any insight on the quality of opportunities elsewhere? Chicago/Southern regions specifically.
Roughly what class year? Similar comp here (for PE fund though), hours a bit longer but still reasonable, Class of 2015.Anonymous User wrote: ↑Fri Jan 21, 2022 1:18 pmIn Chicago, work for VC fund. Make mid-300s. Mostly 9-5Anonymous User wrote: ↑Fri Jan 14, 2022 12:05 pmThanks for this discussion - super helpful. I know HF/PE/VC jobs, particularly funds that have a need for in-house counsel, are mostly in NYC or the Bay. Any insight on the quality of opportunities elsewhere? Chicago/Southern regions specifically.
SameAnonymous User wrote: ↑Fri Jan 21, 2022 2:22 pmRoughly what class year? Similar comp here (for PE fund though), hours a bit longer but still reasonable, Class of 2015.Anonymous User wrote: ↑Fri Jan 21, 2022 1:18 pmIn Chicago, work for VC fund. Make mid-300s. Mostly 9-5Anonymous User wrote: ↑Fri Jan 14, 2022 12:05 pmThanks for this discussion - super helpful. I know HF/PE/VC jobs, particularly funds that have a need for in-house counsel, are mostly in NYC or the Bay. Any insight on the quality of opportunities elsewhere? Chicago/Southern regions specifically.
I like the cadence/pace better here. I liked the substance better at a firm. Tbh not sure what my upside looks like because there are so few of us and it's very dependent on your position inside the specific firm (and where the market is).Anonymous User wrote: ↑Mon Jan 17, 2022 9:56 amDo you like it more than practicing law at a firm? And what does your upside look like after a couple of years?Anonymous User wrote: ↑Thu Jan 13, 2022 3:34 pmHours are 9-5 no weekends but could get worse if the market turns. But in general there are few emergencies and everything so far can be punted to the next day.Anonymous User wrote: ↑Thu Jan 13, 2022 3:22 pmWhat's your schedule look like? What was your background prior (practice group, years)?Anonymous User wrote: ↑Thu Jan 13, 2022 3:05 pmDesk lawyer @ HF. All in comp was $475. Mostly weighted to bonus. Some of it starts being deferred after you clear a certain threshold
Restructuring senior associate at a V10 (creditor side)