Am I Crazy For Considering Not Taking In-House Role?
Posted: Thu Feb 29, 2024 10:35 am
Need some honest opinions as my own brain keeps spiraling on this topic.
Current 7th year in funds practice, so base salary $420k, bonus potential $115k (although my group has had a slow year to start so this is probably out the window now).
Have an opportunity to go in-house for a fund working under GC. Base comp $275k, total comp $350k-$400k with bonus/carry. I live in a non-NYC city.
I don't hate my biglaw job and could probably make counsel here in next 1-2 years, but I don't think I want to do the grind to be a partner long-term.
I keep wondering if it would be better to wait out moving in-house until I'm at the 9-10th year range so I could get either a more senior role at a bigger fund or maybe a GC role at a smaller shop.
Anyone find that options change drastically if moving as a counsel instead of senior associate?
Current 7th year in funds practice, so base salary $420k, bonus potential $115k (although my group has had a slow year to start so this is probably out the window now).
Have an opportunity to go in-house for a fund working under GC. Base comp $275k, total comp $350k-$400k with bonus/carry. I live in a non-NYC city.
I don't hate my biglaw job and could probably make counsel here in next 1-2 years, but I don't think I want to do the grind to be a partner long-term.
I keep wondering if it would be better to wait out moving in-house until I'm at the 9-10th year range so I could get either a more senior role at a bigger fund or maybe a GC role at a smaller shop.
Anyone find that options change drastically if moving as a counsel instead of senior associate?