In-house counsel: What are outside counsel doing wrong?

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Additional Posts in In-House Counsel

I’m in discussions to become the GC of a mid size but international company that does ~$1 billion in annual revenue. Smallish legal department. They’ve asked for my comp expectations. I don’t have specific expectations but I want to be compensated at least market for a NYC based GC (which looks like cash comp of at least $300k plus bonus, etc). Any suggestions on how people would respond?

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Would you strongly advise against going in-house right after a state court clerkship? (No law firm experience in law school either). I don’t know if I want to become an in-house forever. Would it be difficult to get a law firm job at a later time?

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In house interview- I am going to hopefully the final round of interview to meet the whole legal team. I was asked about my availability, and it will take 5 hours if in one day. Should I split to multiple days? Will it cause any issues? Anyone on both sides can speak from their experience? Thanks!

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Got a temp offer for less than a year without promise of turning into full-time. Wanted to know what ppl think about temp jobs (looks bad on resume if I don't turn full-time later within the company?) and what comp should look like (e.g. 1.2× of regular comp?).

Got another perm offer in a different industry for similar salary, but I might have to relocate and I'm concerned the work may involve translation instead of pure legal work.

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How recession-proof are in house roles in finance (e.g., hedge funds, PE firms, etc.), especially when newly lateraling from Big Law?

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Trying to understand risk of loss and title better. When does it make sense for title to transfer upon receipt of payment? Why would title and risk transfer separately?

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How many in house counsel are in your company? Please also share the total number of employees and company revenue for reference. I’ll start. 55 in house counsel globally for a $10b company, total employee count ~32k.

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Any Amazon counsel or other FAANG attorneys willing to share how their comp review has worked? I’m really happy with my offer(lower base, really high signing bonus and decent RSUs) and was told their would be yearly comp reviews but wondering how that plays out the first few years...

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Does your company use a ticketing system to manage emails received by the legal department? What works and doesn’t work your team?

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What’s a fair expectation for my first raise? Publicly traded co with ~2500 employees. I’ve been doing litigation with the company for almost 3 yrs and have only had a 2% cost of living raise so far. Graduated in 2014. Base comp is $127.5k in the Philly area. I see salaries all over the place in this site and it’s hard to tell whether mine is competitive.

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Anyone here go in-house to Amazon from big law? If so, what kind of a pay cut can I expect to take? Currently 5th year on Cravath scale.

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A lot of people here seem to glamorize MANGA positions - good pay, and good WLB. There has to be a catch, right?

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If you practice collections in-house, what do you earn and do you receive a bonus?

I have practiced for five years and make $121k as an employee of a financial services company. As the only attorney, I oversee all statewide collections efforts, from demand letter to garnishment, with a case volume of nearly 7k new cases per year, of which the majority I end up litigating. I receive only a $1k bonus per year. Is my compensation fair? My last insurance defense gig was $75k.

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A client (in the banking industry) is looking for what they’re calling a software/dev ops attorney to report directly to the GC. Thinking 6th year+. Would need to be based in the south. Can provide more details if you dm me.

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Is anyone at meta able to share the position levels. I’m trying to compare to my current company structure. Thanks!

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I’m in big law and on the cusp of making the jump to in-house. It sounds like the company I just interviewed with is getting ready to make me an offer. It’s definitely going to be a pay cut coming from big law but I do get some nice equity in the company. Is the jump worth it? I’m so burnt out by big law and this seems like an awesome opportunity to help shape a newish company. Any tips on how to figure out if this is the right move for me?

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Now that Facebook is Meta, I thought I’d just pitch MANGA as the new FAANG…

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Been interviewing for two months for an in-house position. Is this standard?

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How far do you require depts be with negotiating commercial contract terms before your legal review? I’m talking routine low value and risk contracts (e.g., vendor services), where Legal terms won’t kill the deal. My clients blindly forward contracts. I say “are you sure this term is ok?” And often get “no.” They’re surprised because they never read them. Checking the temp to see what others experience, what might be normal. I feel contract training in my clients’ future...

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About to do my first interview for an in house job (coming from a midsize firm).
What are some questions typically asked, and good answers to those questions?
What are some good questions to ask?

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