Final interview next week for a GC role for a middle market, Midwestern private company. I have a good idea of salary, but curious about what my expectations for a signing bonus should be? Also, does anyone have advice for requesting an employment agreement. Concern would be for the sale of the company to a PE firm which might then clean out legal.

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

You don’t want an employment agreement, you want a change in control agreement.

like

I'd ask for 10-20% of base as a signing bonus, more if you think they'd not balk. Emp agmt will largely depend on whether other execs have one. You could still pre-negotiate severance though, as Legal is in a uniquely vulnerable position and would be key to getting an exit done. See if lawyer whisperer blog or goinhouse.com have any helpful thoughts on that. GL.

like

Ive rethought my answer--as an exec, I'd push for a more outsized bonus or acceleration on the equity, which are better points to fight for than sign-on.

What is the salary expectation, out of curiosity?

like

I’ve been out ten years at the end of the year. I’d expect about $225k base plus bonus.

Good luck! Sounds like an exciting time for you.

In my experience, you need a rationale to explain a signing bonus (e.g. losing out on your bonus from your current gig, loss of long term incentive comp, moving costs). Whatever you ask for, try to put together a rationale to justify the request.

Regarding employment agreement, I think that’s a great idea. I used to draft those for a living back in 2008-2012. My advice is to get a change in control provision in it, which seems to be your concern. It wasn’t uncommon for me to see agreements with three times annual pay for termination following a change in control. Tax laws may have changed since then but that was semi-market back then (depends upon public v. Private, size of other executive packages, etc).

If you do get an agreement in place, be sure to check any non-compete clauses against your state’s rules of practice. The ABA model rule 5.6 seems to me to prevent lawyers from entering into a non-compete, but I have met practitioners who think otherwise.

like

I agree - I don’t think a repayment of signing bonus is in the scope of rule 5.6

You can also look to see if there are any public company GC comps with employment contracts either on the SEC website or lawinsider.com

Related Posts

Hi
I have an interview scheduled with infosys. My CCTC is 16 and holding an offer will infosys be able to provide at least my current ctc.... Yoe 3

Can anyone tell me what would be the CTC or can someone demand if he has knowledge of ABAP, ODATA and UI5 ( for ui5 only practices, not real project experience)
Yoe-2.5
Current - 4

How he can demand for CTC in next company after 2.5 year ?

like

Hiring in Phoenix, AZ!! We are a small (95 employee) software company. Founded in 1994.
Open positions;
Technical Support
Marketing
Assistant Controller
& more :)

like

What roles or titles can a 2 year agency Executive Recruiter target to get into corporate? And what salaries would they be and are there bonuses on placements similar to commissions in agency?

like

What’s the total compensation for Salesforce Administrator of 7 yrs of experience with master degree. Got opportunity in Carmel, IN, the position can be remote as well

like

Tommorow i have l1 round of EXL for business analyst profile. Please suggest me what should i prepare the most? How is BA interview in exl

Currently working with Genpact and have offer from TCS
Technology and work role is similar Salary is 40% more than current CTC

Any suggestions wrt work culture with TCS

Genpact Tata Consultancy Tata Technologies Tata Communications

like

TCS DIGITAL, FULL STACK DEVELOPER, 3 YOE
Current CTC : 7.7, Based on my appraisal rating my CTC in Next Financial Year : 8.9, got an onsite offer Where my final CTC will be 16.8 by beginning of Next Quarter. So can I ask for a hike on top of 16.8 as I have a notice period of 3 months.

If you have an opening suitable for me dm me for resume or tech stack.

like

What is your job title? As it right now I’m managing a team of product owners and I’m unofficially being called “Chief Product Owner.” I’m in the process of working with a coach to get my resume updated so I can begin applying for external roles. But I don’t even know what job titles to target.

like

Are you a PA in the San Francisco Bay Area? If so, what is your specialty and salary?

like

Anyone have a good interview mishap story? I just seriously bombed something and looking for a laugh, maybe feel like the only one?

like

Hello Folks,
How is Siemens energy to join if I compare it to Cognizant. Both are offering almost similar CTC.
I’ve on-site aspirations in near future.
Factors to consider WLB, learning opportunities.
YOE 8
.Net Full stack + Azure

Hey all,

During appraisal in
Tata Consultancy which sheet is been considered for hike our gross CTC which we received ( including retirals benefits) or excluding it ?????
Tata Consultancy

like

What’s a solid salary range for a hybrid account executive / PM with 2 years of agency experience in San Francisco?

And while I’m at it, would I be better off at Havas SF (Pharma) or RAPP SF (B2C)?

Have an interesting be possible offer. The salary "might" be on the low end of my desire number, the health benefits won't start right away; takes 60 days then they begin on the first of the month following the 60 days. 401k contributions don't start until 6 months. PTO is only 10 days plus a number of company holidays.

Other than more base salary, are the things negotiable, like more PTO? What about also basking for compensation to cover Cobra payments during the transition phase?

like

Hey everyone please consider this as my Hail Mary.
My notice period got over a month ago.
I resigned from the service based company i was working in because at the time I had an offer. They later mentioned that the offer is contingent on the fact that I get an early release from the 90 days NP, which didn't happen and they ghosted me.
I feel utterly helpless. I have been applying and getting shortlisted almost everywhere but nothing has panned out.
PLS HELP ME.

Profile: QA engineer / SDET

like

Anybody aware of any flex remote part time role openings? Interested in supplementing my income.

What do you think the base salary should be for a senior product designer (L5) at a medium size NYC tech company? Hard to find a good answer bc the company is not Google, Facebook size, but also not a small start up.

like

Hi! I have a quick question and could use some advice:

I have 1 job offer that is an hour away and pays 45k, after negotiations (Research Associate Position at a University) .

I have just interviewed for a position closer to home and a base salary of 65k, but haven’t heard back from them in about 2 days (He said he would make a decision by yesterday and I’ve reached out).
I have to decide on the first offer by Thursday but I haven’t heard back from the second yet. Thoughts on next move?

likesmartfunny

More Posts

“Perfect is the enemy of good” seems like great advice for not over analyzing, but counter intuitive for a litigation job where you have to be precise and accountable all the time. What do you think?

like
like

Hi all,

The status on my ibegin portal of TCS is showing evaluated and HR told the offer letter was initiated from their end and it will take 2 or 3 days for approval before appearing in ibegin portal. It’s almost a week and not yet updated. How much time will it take approximately to receive the offer letter after status changed to evaluated?

like

Guy from my high school just got 2.5 million in seed funding for his startup. How much of that does he actually realize?

like

What’s the average/mid range salary of a Medical Laboratory Scientist in South Dakota?
I’ve been employed as a med lab tech for 5 years and I’ll earn my bachelor’s degree this summer. Looking into what a fair wage increase for me would look like when I transition from MLT to MLS.

like

Dear sharks!
Help me with online/ classroom MBA program that could be attended during weekends.
YOE: 6.5
Role: Project Manager
I don’t want to quit my job and pursue full time.

like

Was casually talking with my hairdresser and she asks what do I do. After I said I'm a FA she said "yeah, you look like one." So now i'm reevaluating all my life choices.

likefunnyhelpful

How on earth do people keep going on vacations with a full time job ?

like

What is the best respectful way to ask my employer about leaving job? Email, phone, or in person?. Also, how long in advance I should let my employer know about leaving?

like

Hi everyone! I am currently transitioning into a new EA role for a startup. My current position is very simple and not complicated. I am intimidated because I am not super savvy with some softwares. GSuites - gmail (tips on types what folders to create to separate everything/tips), expensify (what is it for? How do I expense something through it?) and any templates for taking minutes. Can someone please screen shot the way they organize their CEOs calendar/gmail. I need a system. Thanks!

like

Anyone here work in-house? 2nd year associate, aiming to get an in-house role at a startup or smaller company and thinking of getting CIPP certified.

I have heard privacy is a big issue for companies these days and am wondering if it is worth getting certified to stand out. I have been doing M&A and PE work before so I do not have any applied privacy experience (but I think it’s really interesting).

Any advice would be appreciated. Thanks!

like

Monday dordle

Daily Dordle #0021 5&2/7
🟨⬜⬜⬜🟩 ⬜⬜🟨🟩🟨
⬜⬜🟨⬜⬜ 🟩🟩🟩🟩🟩
⬜🟨🟨⬜⬜ ⬛⬛⬛⬛⬛
⬜🟩🟩🟩🟩 ⬛⬛⬛⬛⬛
🟩🟩🟩🟩🟩 ⬛⬛⬛⬛⬛

like

Hello hello! Anniversary coming up..Any recommendations for a very good dinner in NYC? Anywhere between $0 - $150 a head

like

As per my onboarding manager today I will receive my employee ID and they complete my onboarding process by today EOD. Is this mean from today onwards I will receive the salary?

like

Hello Everyone,

I recently got interviewed for the Business acumen team(PWC AC Kolkata) and done with all 3 rounds. My interview went well but they haven't got back to me since last 3-4 weeks. HR told me that they are yet to get a feedback and suggesting to wait. Anyone else facing the same?

like

Hey I just moved to the US from Israel, and the OTE term is new to me. Can you expand more about it? Is it worth it? Because I applied for a job and the salary is $55K, but the OTE is $150K, is it worth it? How do you see it on your payslip? Is it something tricky? Is all the 401K that the employer match coming off the whole payslip or only from the base salary part? What do I need to know?

#OTE #sales #saas #help

like

Should I stay in cybersecurity at EY (generalist - senior consultant ) or join google as a Cloud Infra consultant? (Not security related)
While google may pay more now, isn’t security better long term?

like

Anyone from here Siemens Healthineers ??

like

Why is Paid Social still commonly bucketed as "Display"?

Curious as to how people would answer this...Sure, some ad formats or tactics align, but most do not.

Additional Posts in In-House Counsel

My background is in tech transactional. I joined a cybersecurity SaaS startup at the end of last year and now also handle more generalist matters in addition to all things commercial-related. I have a number of books on contracts that I’ve found super helpful over the years (The Tech Contracts Handbook, A Manual of Style for Contract Drafting, Sign Here, etc.). Can anyone recommend books they’ve found helpful for L&E matters, privacy matters, product matters, or marketing/advertising matters?

like

At what point in your life did someone threatening you with a class action lawsuit become an eye roll? I think it took me about 3 years.

likehelpfulfunny

Can anyone recommend a recruiter for in-house positions?

like

Currently not a resident of CA, but will be in September. Accepted an in house job based in CA (will be remote until then). CA bar website says I must be a CA resident to waive into the in house program. I called the office and was told I don’t have to be a CA resident.

Can anyone provide insight on whether I have to be a CA resident to waive into the CA bar as in house counsel? Planning to sit for one of the next 2 administrations of the bar, but would like to have this until then. TIA!

like

Are there any Microsoft attorneys here? Wondering if Microsoft has a referral system like Amazon’s and would love to chat about your experience there.

like

I recently got a new job at a startup. I have little to no experience in reviewing commercial contracts but the sales pitch was that they are going to bring my area of expertise inhouse and until then, I would learn and help with contract reviews. Initially I thought this would be a great opportunity but now overwhelmed & doubting if I made the right choice. Learning a new area is so hard(!!). Esp so b/c I still get recruiter reach out for opportunities that better fit my profile.

like

I work in the biotech/pharma space and looking for a conference for legal folks. Anyone have any suggestions? I would really appreciate it! Ideally located in the US.

like
like

Question for GCs - what kind of training did you wish you had received from your law firm (assuming you moved straight from a law firm to a GC role).
If you grew into a GC role from other in-house roles, was there additional training that would have made your promotion easier/smoother?

like

Need a recommendation for a contract analytics service provider. Don’t need the lifecycle or repository bells and whistles, just need something I can feed 10k documents and it provides me with data points, preferably individually and in aggregate. Does something like this exist??

like

Should I send an updated resume to a screener or leave as is since that’s the resume that got me the interview? Through the interview process with other companies, I made some clarifying updates to my resume and it’s been a couple of months since I sent that resume to them.

like

How long does a company conduct interviews for if they are recruiting for one position? Wondering how long I should wait before I follow-up. Do folks just carve out an hour or so everyday for DAYS to interview? How large is the narrowed down pool? Generally speaking.

like

What software do you use in-house? What do you use to manage, sort, and organize files/documents? Or just lmk if you know of anything good software out there.

like

Which books would you recommend for in house counsel about strategy, management, and leadership?

Asking as product counsel for tech startup.

like

How long do companies usually take to respond after the interview with the hiring manager for the loop interview? Just curious. I’ve interviewed at multiple companies and 1+ week later it’s radio silence. Thanks for the advice.

like