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Most LUCRATIVE in house places?
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Date: May 27th, 2012 9:20 PM |
Date: May 27th, 2012 9:29 PM |
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Date: May 27th, 2012 10:04 PM |
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Date: May 27th, 2012 10:14 PM |
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Date: May 27th, 2012 10:27 PM |
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Date: May 27th, 2012 10:29 PM |
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Date: May 27th, 2012 10:32 PM |
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Date: May 27th, 2012 10:33 PM |
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Date: May 27th, 2012 10:34 PM The most common entry point to IB from law is as a senior associate. |
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Date: May 27th, 2012 10:36 PM |
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Date: May 29th, 2012 1:50 PM |
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Date: May 29th, 2012 1:45 PM |
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Date: May 27th, 2012 10:10 PM |
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Date: May 27th, 2012 10:24 PM |
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Date: May 28th, 2012 10:12 AM Correct me if I'm wrong, but isn't the CEO back office? |
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Date: May 28th, 2012 11:18 AM |
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Date: May 28th, 2012 11:23 AM |
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Date: May 29th, 2012 8:09 PM There are many in-house positions that are heavily focused on negotiating with clients. This makes them front office, then, right? In any case, my bad, I thought FO was about revenue generation. |
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Date: May 27th, 2012 11:05 PM
Places that have the potential to pay this much are generally banks, asset managers, some high-end industrial. In-house comp varies widely within an institution. |
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Date: May 28th, 2012 4:41 AM |
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Date: May 28th, 2012 9:44 AM |
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Date: May 28th, 2012 10:15 AM |
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Date: May 28th, 2012 10:40 AM
On the other hand, if you're at say Wilson Sonsini in Palo Alto, notwithstanding that it's a good firm, you'll probably have to take a significant pay cut - tech doesn't pay tax very well, CA doesn't pay in-house lawyers well, and you'll have been doing a little too much M&A to max out your value.
One advantage to tax is that you're usually in the tax department rather than the legal department. This creates more variance in pay - you might be regarded as a glorified accountant and only worth 90k to the employer, but they might decide the tax department needs a really good lawyer and if they have to pay 300k instead of 200k for one it doesn't create much of a precedent. Also tax can add tangible value by lowering the company's effective tax rate. Legal departments tend to be bigger and more of a cost center, so likelier to pinch pennies/not give you as good of a deal. Sort of like renting a place from Archstone vs. a random condo. |
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Date: May 28th, 2012 10:44 AM |
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Date: May 28th, 2012 11:22 AM |
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Date: May 29th, 2012 2:10 PM |
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Date: May 29th, 2012 7:52 PM |
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Date: May 28th, 2012 11:16 AM |
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Date: May 28th, 2012 12:05 PM
Also if you can work your way into Treasury you should do it, as this really differentiates you from NYC BIGLAW types like me. In general the downside of DC is less transactional experience and the upside is government so you should capitalize on that if you can. |
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Date: May 28th, 2012 11:26 AM |
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Date: May 28th, 2012 12:16 PM
Much more likely to get 200-250k all in leaving as a 5th or 6th year. (Actually, much more likely not even to make it to that point, but for those who do, that's the likely outcome). |
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Date: May 28th, 2012 2:29 PM
Strivers who need to live in 7k/month MFH apartments will never be happy, regardless of income. |
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Date: May 28th, 2012 2:45 PM |
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Date: May 28th, 2012 8:50 PM |
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Date: May 29th, 2012 1:52 PM |
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Date: May 29th, 2012 7:55 PM |
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Date: May 28th, 2012 9:19 PM
Obviously the finance/asset management options are out. |
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Date: May 29th, 2012 10:25 AM |
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Date: May 29th, 2012 8:11 PM I would think patent bros could really leverage that exp from "patent law" to "tech law" to "tech startup law" and start coppin dem stock options at startups. |
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Date: May 29th, 2012 1:45 PM
i know patent people working at adobe who make $145k, electronic arts at $150k, and hulu make $160k (which is on the high end). bonus situation and stock options vary. this is for 4th-5th year former biglaw associates. |
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Date: May 29th, 2012 2:04 PM |
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Date: May 29th, 2012 2:14 PM |
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Date: May 29th, 2012 2:16 PM |
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Date: May 29th, 2012 2:23 PM
i don't go around "asking people" how much they make. my close friends and i have no problems discussing finances with one another. |
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Date: May 29th, 2012 7:57 PM |
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Date: May 30th, 2012 6:02 PM
TBF, i don't know the salaries of the NYC friends who went in-house at finance-type places. i assume they generally make more. i did interview for a compliance position at goldman sachs when i was a 2nd year and the salary range was $175-195k before bonuses. the catch was that the hours were roughly 8-8pm everyday which is way too much for in-house. |
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Date: May 29th, 2012 8:12 PM |
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Date: May 29th, 2012 10:12 PM
I only think IP/patent types get that, maybe some corporates.
I'm of course talking about entry level type gigs. If you become GC, head of litigation, etc. you make a lot more of course.
But pretending it's easy to make 200k plus inhouse is insane. Inhouse lawyers are a fucking drag on companies, they don't make them any profit. |
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Date: May 29th, 2012 10:16 PM |
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Date: May 29th, 2012 10:20 PM
and seriously, how many fucking of those jobs like that are there ITE
all im saying is the VAST majority of inhouse attorneys take a PAYCUT to join corps and they dont mind cause no more fucking billables |
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Date: May 29th, 2012 10:22 PM |
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Date: May 29th, 2012 10:25 PM |
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Date: June 1st, 2012 11:02 PM |
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Date: May 29th, 2012 10:26 PM The VAST majority of LS students don't get biglaw jerbs
but this is XO breh and, as I said, the VAST majority of lawyers at my v25 firm doing M&A, Debt Capital Markets, PE, and a few other groups are starting at 200k+ after 5-6 years.
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Date: May 29th, 2012 11:26 PM
I wouldn't say VAST majority, though. 200k+ is a pretty good outcome. |
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Date: June 1st, 2012 6:06 PM |
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Date: June 1st, 2012 6:11 PM
so yea 120k is a lot better than 0 and unemployed. |
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Date: June 1st, 2012 6:15 PM |
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Date: June 1st, 2012 6:15 PM |