Typical In-House Salary Package for Junior Lawyer? Forum

(Discuss Advantages vs Disadvantages, Making the Switch From Private Practice to In-House, Compensation & Hours, Work-Life balance, In-House Reviews & Experiences)
abcabc!!

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by abcabc!! » Mon Jul 26, 2021 1:28 am

what is the typical YOE for people who come in as associate corporate counsel? Below 4 YOE?
Anonymous User wrote:
Wed Apr 07, 2021 11:50 am
Anonymous User wrote:
Tue Apr 06, 2021 5:39 pm
Anyone know what Associate Corp Counsel range is at Amazon? Is $270k TC right if you come in at high end of the band?
I don’t know about it being the high end of the band but that sounds about right for base+equity from what I’ve heard from friends.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Mon Jul 26, 2021 1:29 am

is this FAANG? Which type of practice would be you doing there?
Anonymous User wrote:
Fri Jul 23, 2021 5:22 pm
Remote job for Bay Area tech
c/o 2013 (7th year)
235k base
8% annual bonus
$260k/4 year equity
Benefits: No 401k match, but 15% discount ESPP, solid healthcare benefits

Downside of tequity is our stock has dropped precipitously from when I was priced in. Big comp hit unless we recover.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by abcabc!! » Mon Jul 26, 2021 1:34 am

very good comp. Are you in a product counsel type role?
Anonymous User wrote:
Tue Aug 11, 2020 12:55 am
C/o 2014 here, started as an associate counsel at a FAANGM in NYC three years ago out of BigLaw and just started an another FAANGM company last month (this time as a corporate counsel).

Stats for company 1:
- $145k base w/ ~$50,000 cash gross-up in each of years 1 and 2, stock grant worth $400k vesting over four, no bonus.

Stats for company 2:
- $250k base, 25% target bonus, $200k stock grant vesting over four years.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Tue Aug 03, 2021 9:05 pm

I left big law as barely a third-year - never looked back. V10 PEM&A. West Coast (Major Market).


First Job

Title: Associate Corporate Counsel, Corporate Development
Industry: Hot CPG Startup
Salary: $180K
Bonus: $20K
Law Firm Year Equivalent: 3/4

Second Job
Title: VP, Legal (only atty in-house)
Industry: Venture Capital Fund
Salary: $200K
Bonus: $25K (doubled bonus for two years)
Estimated Carried Interest: $45K/year (annualized)
Law Firm Year Equivalent: 4/5

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Mon Sep 13, 2021 8:33 am

Tech company in high gear growth mode

c/o 2019
190k base
8% annual bonus
$130k / 4 year equity
Benefits: No 401k match, decent healthcare benefits, pretty good random perks (discounted parking, free snacks and lunches, etc.), management is in a different time zone so almost guaranteed no late nights :)

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Mon Sep 13, 2021 3:12 pm

Anonymous User wrote:
Mon Sep 13, 2021 8:33 am
Tech company in high gear growth mode

c/o 2019
190k base
8% annual bonus
$130k / 4 year equity
Benefits: No 401k match, decent healthcare benefits, pretty good random perks (discounted parking, free snacks and lunches, etc.), management is in a different time zone so almost guaranteed no late nights :)
Congrats! Did you accept this recently or earlier as a 2nd year? And were you IP or Corporate?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Tue Sep 14, 2021 12:14 am

Anonymous User wrote:
Mon Sep 13, 2021 3:12 pm
Anonymous User wrote:
Mon Sep 13, 2021 8:33 am
Tech company in high gear growth mode

c/o 2019
190k base
8% annual bonus
$130k / 4 year equity
Benefits: No 401k match, decent healthcare benefits, pretty good random perks (discounted parking, free snacks and lunches, etc.), management is in a different time zone so almost guaranteed no late nights :)
Congrats! Did you accept this recently or earlier as a 2nd year? And were you IP or Corporate?
Thanks! Recently, corporate generalist

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Fri Sep 24, 2021 1:51 pm

Anonymous User wrote:
Tue Sep 14, 2021 12:14 am
Anonymous User wrote:
Mon Sep 13, 2021 3:12 pm
Anonymous User wrote:
Mon Sep 13, 2021 8:33 am
Tech company in high gear growth mode

c/o 2019
190k base
8% annual bonus
$130k / 4 year equity
Benefits: No 401k match, decent healthcare benefits, pretty good random perks (discounted parking, free snacks and lunches, etc.), management is in a different time zone so almost guaranteed no late nights :)
Congrats! Did you accept this recently or earlier as a 2nd year? And were you IP or Corporate?
Thanks! Recently, corporate generalist
Super jealous! Did you use a recruiter or find the listing yourself?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Sat Sep 25, 2021 8:09 am

Anonymous User wrote:
Fri Sep 24, 2021 1:51 pm
Anonymous User wrote:
Tue Sep 14, 2021 12:14 am
Anonymous User wrote:
Mon Sep 13, 2021 3:12 pm
Anonymous User wrote:
Mon Sep 13, 2021 8:33 am
Tech company in high gear growth mode

c/o 2019
190k base
8% annual bonus
$130k / 4 year equity
Benefits: No 401k match, decent healthcare benefits, pretty good random perks (discounted parking, free snacks and lunches, etc.), management is in a different time zone so almost guaranteed no late nights :)
Congrats! Did you accept this recently or earlier as a 2nd year? And were you IP or Corporate?
Thanks! Recently, corporate generalist
Super jealous! Did you use a recruiter or find the listing yourself?
Responded to a recruiter email about this position

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Mon Sep 27, 2021 11:27 am

Private Investment Firm in NYC

c/o 2016
Title: Corporate Counsel
Salary: $220k
Bonus: 25% target bonus
Benefits: 6% 401k match, free healthcare, remote all but one day per week, large in-house legal support. Likely promotion to Senior Counsel and raise within 1-2 years.

Anonymous User
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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Sun Oct 10, 2021 12:02 pm

I’m awaiting an offer from a series b startup in tech. Anyone have any insight as to what unlimited pto really means in that case? Reading this thread, it seems that less than 170 is low base.

Do these jobs require m/a experience, or is privacy/technology contracts enough?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by anonymous1905 » Thu Oct 14, 2021 1:31 pm

I truly don't understand how everyone finds these jobs. I'm entering my 4th year at a V10 corporate practice. I've interviewed 5 companies in the last 6 months and so far 4 of them had salaries and total comp below $120K and the 5th offered $200K but expected 7 years of experience. I'm looking at FL which is part of why the salaries are lower, but Miami is not a low cost of living city (lower than NY, SF and Boston for sure, but more expensive than most of the country). Are you all looking on LinkedIn?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by 1styearlateral » Thu Oct 14, 2021 1:45 pm

In-house legal comp packages in Miami are a joke, even in the tech industry. IME, high-paying in-house tech jobs are mainly sourced in NYC, SV, and Texas.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by anonymous1905 » Thu Oct 14, 2021 2:31 pm

Okay, so it's not just me. Thanks for confirming! It's very frustrating. I've worked for years to polish off my resume and worked at one of the top law firms in the world for over 3 years now...just to have people offering me $120K jobs or say I need 7+ years experience to make any more. I've lived in NYC for years and can safely say that FL isn't as cheap as people seem to think it is, so these salaries are just crazy. Sure, a some sort of salary haircut makes sense but this is ridiculous.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by 1styearlateral » Mon Oct 18, 2021 11:15 am

anonymous1905 wrote:
Thu Oct 14, 2021 2:31 pm
Okay, so it's not just me. Thanks for confirming! It's very frustrating. I've worked for years to polish off my resume and worked at one of the top law firms in the world for over 3 years now...just to have people offering me $120K jobs or say I need 7+ years experience to make any more. I've lived in NYC for years and can safely say that FL isn't as cheap as people seem to think it is, so these salaries are just crazy. Sure, a some sort of salary haircut makes sense but this is ridiculous.
I agree, $120k base is crazy for an experienced attorney, especially when in-house legal roles these days (and tech is no exception) demand more than 40 hours/week. Lots of growth initiatives, cross-border deals, M&A, etc.

I will say, though, Miami/South Florida is much more affordable than NYC if you know where to look. In Miami you can get a 1,500sqft, 3-bedroom apartment with parking for $1 million or less, and not pay that much in real estate taxes or common charges (plus, you pay zero state income tax). Can't find that anywhere in Manhattan or Brooklyn.

For me, I'd hold out for the $250k base in NYC or $200k base in South Florida.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Elston Gunn » Mon Oct 18, 2021 11:45 am

anonymous1905 wrote:
Thu Oct 14, 2021 2:31 pm
Okay, so it's not just me. Thanks for confirming! It's very frustrating. I've worked for years to polish off my resume and worked at one of the top law firms in the world for over 3 years now...just to have people offering me $120K jobs or say I need 7+ years experience to make any more. I've lived in NYC for years and can safely say that FL isn't as cheap as people seem to think it is, so these salaries are just crazy. Sure, a some sort of salary haircut makes sense but this is ridiculous.
I would take off the FL filter on your searches and look at NY and SF (and maybe DC/Austin too), especially if you’re looking in tech. LinkedIn seems to still require companies to put in a physical market for a desired location, but if you actually look at a lot of postings now they offer full time remote as well. I know at my tech company, the jobs are posted in our HQ market, but they can all be fully remote, and we don’t care where the person is located in the US when hiring.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Mon Oct 18, 2021 1:02 pm

Anyone have any Chicago data points?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 20, 2021 12:38 pm

Just received an offer from a public tech company in Texas.

c/o 2016 from a lower ranking state school
Base: 175k
Equity: 120k/4yrs
No bonus
Corporate commercial role

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 20, 2021 5:10 pm

Didn’t end up interviewing for the role but spoke with the company and these are the data points they provided:

Base: 230k
Bonus: 20% of base salary (bonus goes up as base salary increases)
Equity: 40k annually but vests in some weird way didn’t get into details.
Some 401k matching, nearly free healthcare.
3-5 years experience preferred.

Patent prosecution. Public pharma company. Fully remote position but the company is based in California.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 20, 2021 5:29 pm

Maybe don't count as "junior" anymore. I just got promoted into a senior AGC role at a big private company in a flyover state. Left biglaw after 5 years to come here, been here a few years prior to this promotion. Base pre-promotion was 185.

Base: 210
Bonus: 15%
LTI: 15% ESOP shares
Other benefits fairly standard.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 27, 2021 2:23 pm

Commercial counsel at FAANG
c/o 2016
Left big law at beginning of fifth year

Base: $275,000
Total comp: $290,000 after 401k match
Other benefits: free healthcare

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 27, 2021 4:43 pm

Hi all, any thoughts on why comp offers I'm seeing might be low? c/o 2015-2016 on the hunt, hearing numbers sub-150 for major markets (NY/SF/LA). Might be selection bias but it seems like folks here are pulling in much better comp packages.

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Wed Oct 27, 2021 6:41 pm

Anonymous User wrote:
Wed Oct 27, 2021 2:23 pm
Commercial counsel at FAANG
c/o 2016
Left big law at beginning of fifth year

Base: $275,000
Total comp: $290,000 after 401k match
Other benefits: free healthcare
No bonus or stock options?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by ggqkhwaofnpoyqpmis » Thu Oct 28, 2021 4:36 pm

Anonymous User wrote:
Wed Oct 27, 2021 2:23 pm
Commercial counsel at FAANG
c/o 2016
Left big law at beginning of fifth year

Base: $275,000
Total comp: $290,000 after 401k match
Other benefits: free healthcare
Thanks for sharing, although I am a little surprised that there was no bonus or equity at FAANG?

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Re: Typical In-House Salary Package for Junior Lawyer?

Post by Anonymous User » Fri Oct 29, 2021 10:08 pm

What’s the consensus on when someone is no longer “junior”? Like, as a rising sixth year at this point is it fair to say that I’m not “junior” for in-house purposes anywhere at this point?

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