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Chief
Ask for this and see what they say
Use the Robert Half in house salary guide and shoot for the top end.
https://www.roberthalf.com/salary-guide/legal
Thanks!
Is it reasonable to ask company to cover bar fees, continuing education, how much vacation time is acceptable, 401k, private stock options, salary? Think I saw a post on this recently but can’t find it, if anyone could send the link I’d greatly appreciate it.
Yes to bar fees and CLE. Vacation, 401(k) are established by company wide policy, so probably very little room for negotiation. At junior level positions, stock options are likely also covered by policy/practice.
In my experience, there’s always a little extra available for a signing bonus.
I am in-house. Definitely get your bar fees and CLE paid for. I have 3 weeks vacation plus 5 "personal days" I can use for whatever I want, which really means 4 weeks vacation. Agree on using the salary tool from Robert Half. You also want to be included on the company's health and retirement plans. Good luck!
Rising Star
You might also try giving a salary range instead of an exact number, to allow for some negotiation if you don't have a good sense of what the position should pay.
I agree that CLE, bar fees, any professional associations should be included. Simple question, does the client benefit? Also ACC (Association of Corp Counsel) also has a salary range for in-house which may be helpful: https://m.acc.com/compensation/index.cfm?
Ask for more than what you’re making now. Coming into a corporation, that’s your best bet as you will be slotted into a tier. Find out what their short-and long-term bonuses are. Restricted stock? ESOP? Health care? 401(k)? No. of weeks of paid time off? Ask questions, and then write your letter.
I would shoot for the moon and negotiate to a package that you’re comfortable with. That applies across the board to base salary, bonus structure, PTO, telework options, etc. imagine you’re perfect job scenario and ask for it. Don’t get boxed into the canned response of, “oh well our policy is x.” Most companies are flexible you just have to be up front with your demands and don’t settle on points that are truly important to you.
You should have the discussion with the person hiring you that details: salary, PTO, 401k plan, vesting pension plan if applicable, CLEs, bar association, healthcare, and bonus structure/ raises. Depending on the firm and position stock may be available. Salary is always negotiable.