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Rising Star
You need to figure out what you want your total compensation number to be and then back into it from there by maxing out base, factoring in bonus, and then using equity to fill in the gap to reach your ideal tc. What your ideal tc should be depends in large part on the geography, type of company, industry, and the role. What is the industry and geography of this company?
Thank you!!
If you’re senior enough to almost make partner, this seems very low and even wiggle room may not get you there unless this is a dream job regardless of pay. If not, I’d hold out and find another opportunity.
Great perspective. Thank you.
That seems really low. In-house counsel range (non managing) for a large company in my mind is 135k to 250k base. I’d imagine managing should be more than that.
This seems pretty low… given your level of experience I can’t imagine you couldn’t find a higher paying job so only take this if there are other compelling justifications
Different industry, but I’m not even the managing attorney at my private company and my total comp is more than double that. If you’re almost a partner you can find a better in-house role. That kind of comp is for a junior person switching in-house, particularly in a HCOL area
Continued: recruiter (unaffiliated with company) replied that there is “wiggle room and ability to get creative.” What do you think is fair for “wiggle room” and sign on or any other negotiations? 10-15% bonus but not guaranteed. FWIW, I would definitely like to go in-house. I’ll be a non-equity partner in January. I’m at law firm currently. I don’t want to lowball myself. Looking for any advice because I’m wading into uncharted waters. Thanks!
That seems incredibly low to me. That’s non-profit level salary.
Rising Star
Different industry and location but this feels very very low TBH. They should be comparing with NEP level at your current place - not your current salary - and aiming for that (even if they fall short). If you take this much of a paycut, you’ll be stuck with it for every move after this…
Counsel 4 - interesting take on partnership. I would have thought the opposite. Thank you.
Different industry, 2 years licensed and my comp is that range in-house. Don’t sell yourself short…
Thank you for sharing.
What do you mean by managing in house?
And, no one has to know your salary but you. Future jobs you’ll just name the range you want. Taking a lower salary won’t hold you back if it’s a job that will look good
Rising Star
Did you tell her/them your current comp upfront?
Rising Star
Yeah - “I’d be open to small paycut”; “OK, how about 30%+ cut” is not a legit conversation…..
Update: small pay cut meaning if they’re even able to get there. I still don’t know what creative and wiggle room means…will they tell recruiter the updated budget? I feel like I’m shooting in the dark now.
Counsel 2 - thank you! Great advice again.
Counsel 4 - excellent insight. TY.