Typical In-House Salary Package for Junior Lawyer?

(Discuss Advantages vs Disadvantages, Making the Switch From Private Practice to In-House, Compensation & Hours, Work-Life balance, In-House Reviews & Experiences)
Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Wed Sep 16, 2020 11:42 am

BigLawer wrote:
Tue Aug 11, 2020 10:28 am
Congrats, this is wild comp. Also, that initial $400k had to be worth big money after the run FAANGM has had. One question, how often do you get stock grants? Is it just the one time or some sort of annual grant?
Sorry, just sawI missed this. You continue to get annual "equity refresh" grants each year that keep your target comp steady. That said, because of the run FAANG has been on--there's a huge financial cliff for some folks coming off their initial grant. The initial grant might have been priced at $900 when you start, but by the end of the vesting period could be $3000. Each refresh grant is priced at market value so you can make considerably less in total comp after year 4 depending on the company (as the stock price steadies).

Anonymous User
Posts: 358828
Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Mon Nov 02, 2020 10:46 pm

Anonymous User wrote:
Thu Sep 03, 2020 3:35 am
Media/Entertainment Company
180k base
15% bonus
4.5 years V10 big law
Major Market (CA/NY)
No equity

I'm aware that entertainment generally pays less, but does this seem too low?
This is the same as mine. I also went in house to a media/entertainment company after almost 5 years at a firm about a year ago. I think unfortunately they just don’t pay market. I’m trying to find a new job to increase my salary but I suspect it will take a while because of Covid.

Anonymous User
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Joined: Tue Aug 11, 2009 9:32 am

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

Post by Anonymous User » Wed Nov 04, 2020 2:22 pm

Non-banking F100 financial company in NY

$115k base
$10k signing bonus
Up to $8200 performance bonus
9% 401k contribution (automatic 3% plus up to an additional 6% match)
Great healthcare, generous PTO, etc.
No equity
0 years experience, straight out of school

thelawyler

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Posts: 933
Joined: Wed Apr 13, 2011 9:00 pm

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

Post by thelawyler » Wed Nov 25, 2020 9:46 pm

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.
I'm class year 2015 and am still in NYC big law doing M&A/PE, and am very interested in jumping ship to a FAANGM company in the next year.

Mind if I ask I should be doing to land one of these in NYC? What avenues should I explore to get my foot in the door (recruiters, certain websites, direct applying, insiders such as non-legal employees at those companies asking, etc.) and what experience should I look for or emphasize to make myself more attractive? Would your salary have stayed competitive at company 1 if you stayed or did the jump help? If I went in now, would I expect similar comp?

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