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Additional Posts in In-House Counsel
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?
Technically it’s possible but only at the most senior levels of the largest companies. Your work life balance will be the same if not worse. Those jobs are super rare and you’ll be very senior in your career.
For pay cut it will largely depend on industry, seniority and geography. I took about a 35% paycut (so over $100k) moving to tech as a midlevel at a NYC scale, but I work probably 50% what I did in biglaw. I know people who took only 25% cuts
Publicly traded SaaS company around $600M in rev
Just want to point out that for most in-house gigs, you do take a pay cut at the outset but that does not necessarily mean that your overall annual comp at an in-house position will not exceed your annual comp at a firm. Both equity and incentive compensation can result in you making more in house (as it did for me the last two years). That said, if you are depending on these forms of income for a large percentage of your income, you often have fairly large swings in your income from year to year (e.g., from large movements in the stock price or your larger awards fully vesting).
My total comp in house is more than my base comp in big law was. Probably took a 25% cut when you factor in bonus.
Depends on your area of expertise and the kind of company you want to work for. Do you have a highly valuable specialty that's hard to hire for? Also, if you're just talking about base salary, probably not. But if you consider total comp (bonus and stock options/RSUs), then maybe.
Depends on your practice. I moved to a fund and cash/bonus is a small cut but overall comp is higher than big law. A friend went in house to another fund and his cash comp tracks cravath.
As a funds 4th year this gives me hope.
Rising Star
My salary went down in house but I made a killing in late stage tech.