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That’s on the lower end but it is definitely better than billing 2000+ hours. For reference, I’m a 2019 grad at $232k base with 25% bonus and get my first equity grant soon. I work 9-5, 3 days in office.
It depends on what happens after the acquisition but I would love to stay as long as possible. I like it here a lot and they pay well with good lifestyle and benefits. My boss also rocks.
I would say the cash comp is definitely on the lower side- I was making 150k +15% bonus at a private company (12k employee) in 2018 without any big firm experience. slab helps but the pay is definitely low. Also, it’s private so “equity” could be worth nothing, especially if they’re a startup. That said, it’s your foot in the door in house.
I tend to agree, especially if you can afford it.
I’ll add that employment focused roles can be hard to get; there just aren’t that many, so I you can get your foot in the door, take it. I’m the global L&E attorney for a manufacturing company- a company that should have had a me years ago but only added the role in January. It’s the last specialty GC’s want to spend budget on because it’s fully internal facing, doesn’t advance the business.
I always choose wlb over compensation. No amount of money can make up for a life poorly lived.
That’s not tooo bad. I always prefer cash. It’s more of your opinion but the bonus may not be guaranteed and that the part that isn’t all that great.
Rising Star
do you have previous IHC experience? if not, don’t worry so much about pay. with 30 percent bonus, your pay is fine.
whats more important is the work you are doing, is this an Ai counsel role?
Rising Star
im excited for you for this opportunity, i think you should take it. im also in a AI IHC role, mixed with commercial work and data privacy. AI makes every negotiation and deal I work on all the more exciting and being able to work with an SME to help shape and enforce governance is also fun too.
AI is a pretty cutting edge field to get into and with all the emerging AI laws like in NY that heavily regulates the use of ai for significant employment decisions (hiring, firing etc), you are in a good interesection
Am I understanding correctly that you’re an 8th year at a large firm in a HCOL city but only $225k base? That seems pretty low?
Are you completely done with firm life? I’m asking because there may be firms hiring Of Counsel positions that could keep you at your comp or better.
I also think the in house comp is a little low-especially given you said it’s a HCOL area. I don’t think the idea of the role expanding is necessarily a benefit. It doesn’t mean they’ll expand your title or comp accordingly. In house teams can turn into firm hours/expectations if you’re not careful. If equity is unclear you should get clarity immediately. That can drastically change the math. At public companies it’s usually offered to everyone at a certain level. In my experience there’s not much room for negotiation there because it’s set by a comp committee to keep it fair across the board. If you’re below the level were equity is granted you might want to softly inquire about the rate/path to promotion (not just expanding your duties).