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Hi all
I just got good jump from 8LPA to 18LPA.I have researched multiple investments like MF, FD, postal monthly scheme, stocks etc..
I want to save money and invest some part in any good investment schems. Like 30% of savings to invest in two parts
1. Monthly income generate investment
2. Long term investment
If any suggestions or schems please use this thread. It will helps everyone.
TIA
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Any in-house counsel in here willing to post their company, level or YOE, and total comp breakdown? If you’re comfortable, please consider posting both your current stats and what your stats were when you first moved in-house. If there’s any other information that you want to share, please include that too (e.g., hours, interesting perks, etc.). Info on in-house salaries is pretty hard to come by, and it would be great to compile some data points here! Facebook Amazon Google Netflix Apple
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You are underpaid. My wife worked for a $13 billion private company with a 20-30 person legal department and they started her at $75k then has her do the work of 1.5-2 people. I say that not as a point of comparison but everyone knew they were vastly underpaid there. She now is above $100k in a job that is far less demanding. You should be at the range you provided above and if you are not averse to leaving I would look around. You don’t even have to leave but see if you can get an offer elsewhere and you’ll know your value at that point. You’re a lot more valuable than you think, particularly since they seem to be cheaping out on the legal department.
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Switch companies at year 3. You’ll see a huge bump in pay. It seems that if companies bring you on as in house when you’re just out of law school, they think they can pay you pennies. Take the win of going in house so early, but leave soon to get back to market rate pay. They will never bring you up to market hat the current company.
This. So much this. I’m in my third year at the company that hired me straight out of school. I’m asking them to come up to market (about a $25k bump) and looking around to see what I can get. Highly unlikely they’ll come up without a competing offer.
You definitely are underpaid.
Both seem very low. What do you do?
Sorry I should have been more specific, I’m in-house counsel right now. I do a lot of contract review but am also involved with our litigation, corporate governance, HR issues, policy management.
What kind of company do you work for? Large, small, how big is the legal department? What industry?
I work for a large consumer goods company, legal team is tiny, it’s me and my boss, we definitely need to hire one more person. So we both work 10-12 hours days (which I don’t mind at all and is not the reason for why I want the pay increase)
Worked at a non profit as the only atty in ATL and made $80k four years out of law school.
Is it a public co? Can you see what your boss makes based on public disclosures?
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I lived in a similar cost of living city at my first in-house job. 5b in revenue, legal dept ~65. I was 2 years out making 105k but I know that was on the low end. I had other colleagues making 120k. 70 seems very low unless it’s a non profit
Not a public company. I know they based my salary off the paralegal, I just don’t know what to counter with. I struggle with imposter syndrome, so while I think I’m worth at least 80, I need help making that argument haha
Oh wow incredible, I looked at Baker and they didn’t have it.
Ignore these people. This is in market for Atlanta with that experience. I live here.
I would agree but I keep seeing job postings for someone with 3-5 years starting at 90, that’ll be me next year. A 20k increase seems steep for one year more of experience