What would a 3rd-5th year BigLaw transactional associate need to feel excited (and, if different, to feel good) about leaving the firm to work at a legal edtech startup? They’d be developing products for training AmLaw 200 lawyers and staff and possibly global corporate (e.g., junior in-house counsel, procurement). Startup is established with 40+ AmLaw 200 firms and newly working with a small handful of huge global companies.

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Equity and/or assistance with paying off law school debt.

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From big law? Would have to be a tech minded lawyer to begin with, someone with a B.S. because they know they would be going out a one-way door out of the practice of law.

Also would need to show similar comp/earning potential to similar in-house legal jobs at that career level

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Sounds good. I think for the coasts & Chicago you’d have to nudge that up about 15-20%.

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I agree with the comp on the poster above. I would say this: to have more credibility with the coastal firms you’d be looking to target, you would want someone with that kind of background. Even if the role is remote. It’s an unfortunately bias but it’s there and you can’t change it. You’re better off paying the 20 percent extra to get a coastal candidate. Some white-shoe/V20 4th year with preferable some M&A AND finance experience and if you can get some international experience. Should be able to get such a candidate with 180-200K base.

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Depends on where they live, if they’re expected to be in office FT, etc. I’m at that level, AmLaw 100 in a HCOL, and personally if you offered me something around $200K with equity and good benefits (PTO and parental leave are the things I really care about right now) it would be worth a serious look. (I’ve already paid off my loans though, so for others that amount might be higher.)

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General corporate/M&A primarily.

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I am interested... following

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Feel free to DM to discuss a bit further. Nothing’s imminent, but it’s something we’re discussing doing and posted the OP to get a feel for what we’d need to budget.

Realize I accidentally asked this in a broader way than intended (which might be a happy accident). But in particular, I’m curious as to thoughts re what COMP the candidate would need to feel excited/good about the move. And presuming it matters, would be 40-50 hours/week.

Thanks!

Disagree re the more senior the better. Curse of knowledge sets in and folks forget what it’s really like early in their careers. We’ll focus on practice group specific training for juniors and then graduate from there. I think a really good midlevel is likely the best mix of empathy for the learner and substantive knowledge of the topic.

It could work on a contract basis, depending on what else someone has going on. But anyone full-time at a big firm is unlikely to have the extra time to dedicate to this at the depth, thought, and speed I’d be looking for.

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Are you looking for things to set yourself apart or just *one thing *? Those are different considerations.

Got it. Definitely both. Assume generous healthcare, 401k match, and and legitimately flexible work lifestyle (40-50 hours/wk, 100% WFH, legitimate unlimited PTO). Open to some synthetic equity but see that as on a sliding scale with cash comp.

Do you have litigators in mind for this role? Or is it strictly geared towards transactional attys?

Yes, especially those with enough M&A support experience they could develop general M&A materials too

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