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Covid salary bump?
Posted: Tue Jun 07, 2022 10:55 pm
by Anonymous User
So I am a more senior in house attorney (class of 2010) and I have been getting a lot of recruiter calls. The base salaries seem to be a lot higher than when I entered my current role (pre-covid). Am wondering if I should pursue a change to get a major pay bump or use an offer for leverage with current employer. For example, I started in my current role at $200k + 15% cash bonus, recruiters calling with base salaries in the high 200's + cash + equity.
Is anyone else seeing this change in in-house salaries in the covid job market?
Re: Covid salary bump?
Posted: Tue Oct 11, 2022 8:05 pm
by Anonymous User
*bumping this*
Wondering if anyone is seeing Covid bumps or COL increases? I'm 6 YOE product counsel at non-FAANG tech making 200-210 cash comp + RSUs. I've been hearing from recruiters, but not chasing them down. Any thoughts on how that measures up?
Re: Covid salary bump?
Posted: Wed Oct 12, 2022 9:59 am
by Anonymous User
Yes, this is real. I'm in house and am seeing the same thing. We lobbied for and got a substantial raise across the department last year but the recruiter calls are showing even higher salaries this year.
Re: Covid salary bump?
Posted: Wed Oct 19, 2022 11:25 am
by Anonymous User
Anonymous User wrote: ↑Tue Jun 07, 2022 10:55 pm
So I am a more senior in house attorney (class of 2010) and I have been getting a lot of recruiter calls. The base salaries seem to be a lot higher than when I entered my current role (pre-covid). Am wondering if I should pursue a change to get a major pay bump or use an offer for leverage with current employer. For example, I started in my current role at $200k + 15% cash bonus, recruiters calling with base salaries in the high 200's + cash + equity.
Is anyone else seeing this change in in-house salaries in the covid job market?
Yes. Salaries have been going up. Some of it is a delayed reaction to law firm salary bumps. Not as uncommon as one might think to go back to biglaw, and there were in-house folks making $200k that were looking at $500k+ as biglaw counsel. There's been a general issue with retention at many big companies (not just law), which has also helped spur raises.
At the same time, this can be very company/industry specific. The tech industry was actually helped by COVID era, while energy industry was hammered but is now roaring back.