Big law specialist with an offer to be the CFO and GC of a 250M AUM hedge fund. All in comp would probably be ~$300k, so about $100k less than where I would be in big law (including bonus). Potential to get involved in the business side, but most likely more of a back office role (I would also be the only legal hire - main goal would be cutting outside legal cost and streamlining processes). Does this sound like an attractive offer? What exit options would I have?

like
Posting as :
works at
You are currently posting as works at

As someone who's been inhouse my whole career (8 years) so take from that what you will, this sounds like a nightmare. They want to combine two very different roles with very different aims in one person, for less money than you might pay one of those roles, in a person with 4 years of experience. No offense, I'm sure you're a fantastic attorney, but a company that thinks a 4th year is ready to be GC has no idea what it wants and needs for this person to be successful (or they do know, and they just want a punching bag instead). There's a reason this roles are usually occupied by folks with 20 years of experience. This is a set up to fail.
I would run and go find yourself a company that has a better idea of its needs.

like

I would have done this. Instead, I co-founded a commercial real estate PE fund. But it depends on what you want. Do you want to be a big law equity partner (I didn’t). Is there any sort of stock option or membership interest potential? Could you comfortably sacrifice the $100k? Main point is: would you be happier? I’ve heard it is hard to go back into big law once you leave, but I’d never go back. So realize that this will be a milestone in your career. But from what you’ve said, it is a jump I’d seriously consider. But I’m not married and don’t have (and will never have) kids. So the extra 100k wouldn’t have made a difference to me if I liked the work and the fund.

like

Just keep in mind that everything you do may not be protected by any privilege due to the dual role.

like

Depending on the jurisdiction there are lines of cases that interpret attorneys wearing multiple hats as not solely engaged in providing legal advice. Some of them create a presumption all comms are not privileged. When providing legal advice best to be clear it is legal advice is the lesson. When providing business positions best to establish a framework for what that looks like in terms of how communicated.

CFO and GC for roughly $300k?? I don’t know- seems like a lot of title for a small amount. Should at least match your big law all-in salary.

like

Agreed. Its a small shop so everyone has fancy titles but comp isn’t amazing. I’m not in NYC so I think there are fewer large funds in my also large city.

Absolutely. This is something you’ll be grateful you did.

How many years out are you? Sounds like you should take this before you age out of biglaw.

I just started my fifth year. Are you saying it becomes increasingly more difficult to leave the more senior you are? I’m in a highly specialized and complex Corp specialty so I honestly don’t see many in house jobs available for <7 years of experience.

That’s the comp range I’ve heard of for that kind of role in that size shop. I’d do it. I wouldn’t be worried about the “reduce legal spend” factor —- if you can do in house 50 hours a month of work that would’ve otherwise been billable, you’re reducing legal spend. Then there’s the process streamlining you can oversee.

1 hour dealing with employment related contracts
1 hour dealing with vendor contracts
1-2 hours dealing on investor matters
1-2 hours dealing with investment matters
2 Hours dealing with regulatory/compliance issues

You’re a fifth year being offered a GC position? I would take it and then be scared for my life (no shade but the company probably has no idea WTF they’re doing 🥴)

That seems like a lot of responsibility and not enough pay. What happened to the former CFO?

In the US being CFO and GC wouldn’t pass the smell test for outside auditors. No way you could get audited financials.

Related Posts

Does Accenture IN provided anything in Diwali as a gift or party or bonus ?

funny

Hi Folks ,
I got offer from Thoughtworks and Allstate with almost same compensation .Which one is good in terms of WLB , learning and Job Security ?

like

If I am having 15.30 Lpa offer@LTI, how much I will get in hand salary.

like

Because of this sub, every time I see a dog now, I subconsciously think the owner is going to ask me for a referral.

funnylike

Hi Fishes ,

having three offer confused to decide .
having 7.8 years of exp in informatica ,sql
CTC-15.15
IBM - 18.5 fixed
Capgemini -20 fixed
UBS- 21 fixed but location for capgemini and UBS is pune
I want to stay in gurgaon.
Please help me on this

like

Hi, i am currently working as a Head of Digital Marketing in B2B space in Toronto. I am hoping to relocate to US for vetter pay and opportunity, Can i apply for job from Canada itself or now companies are hiring from US only. I can get TN visa.

Any feedback is appreciated, thank you

like

I’d like to better understand if it’s better to stay in consulting with a well-defined career path or to move to Google/Facebook/Amazon with a good level and having the consciousness of being promoted is really hard.

like

When FAANG companies are hiring for UX Design positions do they count all of your general design YOE or only the YOE in a UX role ?

like
like

Heya guys, actively looking for a senior/staff optical engineering position if anyone knows of anything let me know 😬

like

Currently working at Citi (C10). Would be completing 18months by Feb'23.

1-Can I directly apply for IJP 2-3 week's prior or do I need to serve notice in my current project?
2- Also can I apply directly for C12 level if required YOE is matching?
3- Within IJP can I apply for outside India?
4- What would be ideal appraisal % I can expect considering team size is small and best performer in my current project.

Thanks

like

Any administrators looking to move facilities or jobs? My company is hiring administrators, if you live in NJ or even close to and want to know more please dm me.

like

Does working at a generalist IB shop put you at a significant disadvantage versus an industry specific bank when it comes to exiting to Corp Dev?

like

Quess corp ltd

#jobalerts #hiringalerts
Opening for permanent role #RPADeveloper
Skills : RPA Developer, UI Path, Automation Anywhere
Experience: 3-5 Years
Location: Chennai
NP: 30 Days ( maximum)
If you are interested please share me your updated the CV to
gowtham.k@quesscorp.com

like

Hey Friends, need help!! I am a developer with 1.6 YoE, got placed on-campus (NIT), can code well in Java and Python, but want to move into an analyst type role as I am not sure if I can be a good 'developer'.
Is it an ideal move for a long career, or if I want to do an MBA in future?
If so, could you please suggest how to prepare for such roles in good companies?
I feel a little lost with a lot of self doubt, and possibly need some counselling on this too. Suggestions are welcome.

like

Are there any disadvantages of joining a C2H role purely on the basis of high CTC even though it is for a big client of the contractor company?

like

Applied for a position in PWC UK and status shows as 'interviewin' on workday. Does this mean I'm selected for an Interview, or that the position itself is now in the interviewing process.

What firms in the Philippinesis advisable to apply for a consulting position? kindly provide me an answer

like

Hi everyone! Is anyone from PWC or Grant Thornton willing to give a referral?

like

Can anyone share work culture and flexibility in olam Chennai. Also what is salary range and incentives for associate director in olam.

like

More Posts

The first rule of overemployment is dont talk about overemployment to anyone outside your house. :). Second: always protect the main job. Third: As the main job always has the priority, the Second and third jobs must preferably be contract gigs with not too many meetings everyday. Remember: another day, another dollar.

likehelpful

I have a business idea in the VR/AR space utilizing AI. However, I lack skill sets to evaluate viability or to create an MVP. Neither do I have a network to tap into.

My plan is taking classes to deepen my knowledge while joining and actively participating in communities to find collaborators.

Does this approach make sense or do you recommend other approaches? If it makes sense, do you have any recommendations for classes or communities?

Look forward to hearing your experiences and wisdom!

like

S&P Global I am starting my new job tomorrow at S&P Global
Any tips and tricks to remember in order to do better at my new work place.

like

Free my boy!

Post Photo
likefunny

I tried so hard today to finish all my errands and read and even worked out. And I'm taking medication and keeping my diet healthy. But today I realized I don't have anyone to talk to anymore when this image of me hanging keep popping up in my head. I couldn't even tell my psychiatrist. I'm searching for places that can handle my weight. I even cried full on which has not been happening since I started taking medication for depression. Is this anxiety? Or my brain is just ready let go finally.

like

Flight attendant woke me up while I was sleeping to give me ice cream, then I couldn’t go back to sleep.
How many points?

likefunnyuplifting

Hello ! I recently joined Deloitte India. someone told me only Deloitte USI has on site opportunities. Is it true ? Anyone here or know someone who are at abroad on-site from Deloitte India. Thanks

like
like

Hi folks! I am looking for a Microsoft referral for their entry-level PM role. I have 1.5 yrs of experience and a data science background, and I am looking to transition into PM. I have all the information you need for a referral ready to go! Many thanks in advance :)

like

Is the EY 16 week maternity pay 100% of the salary ? I was reading the FAQs and could not find anything that said 100 % of pag provided in the 16 weeks of eligible time off.

like

I want to take this moment to wish everyone a happy new year. Still on holiday vacation.

like

Anyone looking for sharing a room in 2bhk flat in amanora future towers (male) possession 1st August rent will be 6500 per head unfurnished flat. DM if interested

like

What are top reasons on why you want to go into PE? Buyouts? I feel I relate to all the generic stuff (ownership stake, more responsibility, greater skill set) but are there unique reasons?

likesmart

Has anyone moved into a non-legal role at a tech company after big law? Trying to figure out what else is out there if I do not want to go in house in a legal capacity.

like

I went to a T14 law school, got great grades and glowing recommendations, and wrote (what I thought was) a great writing sample. But I got rejected from all 70 federal clerkships I applied to. The only thing I can think of is: I took a non traditional route after law school and did a 2 year public interest fellowship in a niche field of administrative law. The rejection gave me a lot of self hatred. I still really want to clerk. Any advice? What is wrong with me? I feel like a failure.

like

How much higher should my 1099 hourly rate be compared to hourly breakdown of annual salary? Like add 30% for taxes, then roughly how much more considering no benefits etc. - like 10-15%?

like

Anyone currently enrolled or will be enrolled in the online masters cyber degree at Georgia Tech?

like

Considering pivoting into a local MM IB. As my title suggests, my technical skills aren’t as honed as one who has focused on the analysis route. How much of being an Analyst at a smaller IB is technical skill heavy coming into the role? I hold my 7, 66, 24, and am not worried about getting the 79. Any input for how realistic this is? When looking at one particular firm’s career page it doesn’t mention technical skills or modeling once, which led me to believe it may be less important than soft.

like

If anyone is hiring in Canada please kindly give my partner a chance. The wait, dilemma and uncertainty is taking a very big toll from us.
-He got almost 5 years of project management, bid management and proposal management experience for a construction consultant company.
-He got experience in Primavera, got excellent statistical analysis skill, can use python for constructing ML models,
- He is proficient in RFP,RFI,RFQ for construction projects as he got BSc in Civil Engineering and MBA. 🙏🙏

like

Has anyone filed i-140 and i-485 concurrently? Does the biometric happen after its approved or once the application is filed? Has anyone had good experiences in terms of it saving time? Will my wife who is on H4 visa be able to get an EAD to work as well?

like

Additional Posts in In-House Counsel

A client (in the banking industry) is looking for what they’re calling a software/dev ops attorney to report directly to the GC. Thinking 6th year+. Would need to be based in the south. Can provide more details if you dm me.

like

Would you say most in-house roles tend to hire from BigLaw?

like

What’s it like being a senior in-house corporate attorney in biotech or tech? Is the work interesting or is it mainly just reviewing contracts and admin/CYA work for biz folks?

like

Would you strongly advise against going in-house right after a state court clerkship? (No law firm experience in law school either). I don’t know if I want to become an in-house forever. Would it be difficult to get a law firm job at a later time?

like

I’m entering salary negotiations at a Fortune 500 company and am looking for trustworthy resources for salary data that I can share with the company if they ask where I got my numbers. I know Glassdoor, but what else?

like

Any tips for moving up in a medium/large-sized legal department, aside from switching companies? I work in a collegial environment with plenty of opportunities to create more value, but the management level is fairly crowded and it seems the clearest path to get one of those roles is to be hired into it. What has been your experience? Thanks!

like

About to do my first interview for an in house job (coming from a midsize firm).
What are some questions typically asked, and good answers to those questions?
What are some good questions to ask?

like

If you interview for a job but are not offered the position, is it weird to try to connect with some of your interviewers on LinkedIn? I genuinely liked some of my interviewers, but apparently the company identified a candidate whom it believes is a better fit.

like

Now that Facebook is Meta, I thought I’d just pitch MANGA as the new FAANG…

like

How did current in-house attorneys find their positions? I am currently in big law with 3 years of experience. Seems that most recruiters can only help me lateral to other big law firms.

Would love some advice / thoughts. I went straight from law school to a corporate legal department in house for an asset manager. They like “home grown” talent and I “be worked hard and risen relatively quickly (AGC in 9 years). I work hard and get a lot of complicated deals done (structured products and private funds). I can’t shake certain people (in compliance department mainly) thinking I don’t have enough experience to do what I do because I didn’t come from a law firm. Any advice?

like

Working Moms/Dads: Do in-house positions exist with flex time hours? I need to be able to leave work at 4pm to pick up my son from daycare, but i can get back online at home to resume any unfinished work at 8pm. Is this realistic to convey to any companies in an interview? Pandemic aside, is face time 9-7pm really important? Or should i just try to find a job with a salary that covers a nanny salary and accept that i will never see my son on weekdays (which would be sad for both of us)? TIA!

like

What are your thoughts on job stacking while being remote?

Either doing one full time and a few part time jobs or 2 full times

like

Considering joining a small 50-person company as the only attorney (prior attorney is retiring). (I am currently in-house at a F50). For others who have done the same path, what surprises did you have when moving from a large company to a small one?

For example, it sounds like I should not expect a document management system, based on a prior post in this bowl. I’m guessing expenses like state bar fees and cell phone are not reimbursed.

Any advice on things to expect (or not expect)?

like

How recession-proof are in house roles in finance (e.g., hedge funds, PE firms, etc.), especially when newly lateraling from Big Law?

like

In house interview- I am going to hopefully the final round of interview to meet the whole legal team. I was asked about my availability, and it will take 5 hours if in one day. Should I split to multiple days? Will it cause any issues? Anyone on both sides can speak from their experience? Thanks!

like

What do you do to prep for an interview with the hiring manager? If it’s a new industry for you, do you research applicable laws/regulations?

likesmart

Any product counsel for AI-related companies here?

like

I’m in big law and on the cusp of making the jump to in-house. It sounds like the company I just interviewed with is getting ready to make me an offer. It’s definitely going to be a pay cut coming from big law but I do get some nice equity in the company. Is the jump worth it? I’m so burnt out by big law and this seems like an awesome opportunity to help shape a newish company. Any tips on how to figure out if this is the right move for me?

like

Underrated tech companies to work for? E.g. not FAANG.

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Scan your QR code to download
Fishbowl app on your mobile

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal