Hoping for some TLS help with analyzing two offers I just got. Class 2017 former private funds biglaw working now at large investment firm where I'm underpaid and no room for growth.
Option 1: hedge fund. Fully remote. $240k base, 25% bonus target, $25k signing bonus. GC plus two other attorneys, one of whom I'd be under, so most junior on team. Weekend work is not uncommon apparently.
Option 2: biglaw, hybrid in office but I'm in a satellite office so can really do whatever. $345k market salary + market bonus. $75k signing bonus. Smaller group, like 10 in total.
Is the maybe $500k in first year just too much money to pass up? At what point do you just say yes this will probably suck but it's just too much money to say no.
Help Evaluating Offers - In House vs Biglaw Forum
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Anonymous User
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Anonymous User
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Re: Help Evaluating Offers - In House vs Biglaw
If youre financially stable and can see yourself at the hedge fund long term, Id pick option 1 given that you would most likely need to look for another job in a few years if you pick option 2. Just my two cents as a current biglaw funds lawyer.
Separately, are fully remote positions in the funds industry common now? Did you have to negotiate the fully remote option?
Separately, are fully remote positions in the funds industry common now? Did you have to negotiate the fully remote option?
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papermateflair
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Re: Help Evaluating Offers - In House vs Biglaw
I would take the big law job, and if it's too stressful/not something you can stick with long term, just aggressively set boundaries on your time until they tell you to leave - you can probably ride it out for at least a couple of years, and then go back in house if that's what you want. Especially if you're going to be expected to work weekends for the hedge fund job - that doesn't sound worth the pay difference, unless they also aren't working you that hard during the week (unlikely).
