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Recently moved in-house and struggling with how to document my contributions (keep a “brag list” if you will) for purposes of review season and eventual bonus/promotion/raise discussions. At a firm it was fairly easy to point to high billables, high profile deals, praise from particular partners or clients. Now I’m struggling because my work is so….day to day. Mostly negotiating typical sales contracts. Very few opportunities for visibility or high profile contributions if that makes sense.
Any thoughts on KKR CPG?
Chief
I did this, worked myself to the bone as they dawdled about the legal department for over a year. I would be exceedingly clear regarding what you can and cannot take on, cost of hiring a resource from Axiom or the like, and timeline and budget to kick off an executive search. And I'd also be clear that outside counsel spend will increase in the interim as you outsource work.
I don't think a greater reliance on outside counsel will be an issue. We already have a huge outside counsel spend--my salary is about 5% of our annual outside counsel fees.
My biggest concern is ensuring I show my value quickly given my years of experience (as compared to the former GC's) whether we search for a new GC now or in the future (or not at all).
How did it work out for you?
I’d wanna know I think 2 things first : 1) why GC is leaving and 2) what the CEO is envisioning for the legal department in the future. Is there plenty of work to be done? Or is the plan to outsource some to outside counsel, or higher a replacement? I’d want to get a better picture of what the CEO is expecting from the legal department (who is now you) and go from there.
Seconding this. Get the CEO’s perspective, then talk to the departing GC. You never know what deal breakers are under the hood.
Currently in a similar(ish) situation where I’ve been given all the job responsibilities of the DGC that left. I’ve been drowning in work and there’s no light at the end of the tunnel. My advice is typically companies will expect GC level work but won’t increase your pay and they’ll work you until you burn out and only then, when you leave, they’ll fix the department.