I have been offered a position in-house at a $500M-$1B company, mid-sized city LCOL, 10 YOE in private practice. They offered me $120k, w opp for undefined discretionary bonus. No paid parental leave or 401(k) match & only 1 week PTO in first year (but claim they have discretion for more). Is there any way to salvage this? Salary guides suggest TC should be around $200-215k. I want to get my foot in the door but this seems crazy low.
This seems incredibly low to me and even if they come up some, gives some concerning insight into the culture there around pay and benefits that would make me worried about salary growth potential.
Partially depends on where you're located, but all signs point to "hard pass" on this. Place needs a reality check on the current in-house market.
Either that or they just need a warm body to hold the rubber stamp and only need enough your legal experience to review bills from the law firms they farm work out to.
That’s a joke. I have five years exp and have been offered literally triple that for remote positions.
There are many! Needs to be a frequent acquirer or undergoing restructuring however
Rising Star
The salary, which seems fairly low, is the least bright of the many red flags in this offer.
If you think this is your one shot to make the transition to in house because of where you are in your career (at the later end of the ideal range to make the transition), pull the trigger, but realize it’s likely to be a horrible year or two until you leverage this into a better in-house position.
Type of business?
You probably have another 10-20k in upward initial mobility based on your description. Very company specific though.
Yall commenters missed the LCOL part…..
I make less than that… but never work more than 40 hours and with paid holidays have almost 2 full months a year off if I want to take it, and I have time to take it. So, I’m fine with my lower salary given the low expectations. I would wonder what your expected hours are, etc. How much are other people working? Need to be available after hours etc? Need more time off with the lower salary which is what I have.
I’m in a LCOL area and that seems quite low especially considering the weak benefits. Some LCOL areas have very limited options so if that’s your situation then maybe you try to move the them a bit on salary but I can’t see you getting anywhere near 200+. I’d look for remote opportunities if I were you
Conversation Starter
There aren’t a TON of options here but I wouldn’t say the options are super small. With time I’m sure I could find something else, certainly with better benefits.
Pro
If you’re a partner you can do better. This is a joke.
Low low low low
This deserves a gold star ⭐️ 😩😂
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Thanks everyone!
Those are the same salary and bonus terms, with 401(k) match, two weeks vacation and five additional random paid days off, that I took as a second tier lawyer, 8 years out of school, with a small group of manufacturing companies in 1998. Seems low.