Would you take this in-house job? (part 2)
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Poast new message in this thread
Date: May 7th, 2013 3:12 PM Author: lemon aphrodisiac property
Job is in NJ, company is a wholesale distributor of food supplies to high end supermarkets. Company is public, legal dept now consists of 1 lawyer, slightly older than my self. Pay is 125k, no bonus, hours are roughly 8-6. Was told I will be working on a variety of matters like supply contracts, confidentiality agrmt, SEC matters, M and A, and shitty stuff like contract analysis, risk management and board matters.
I am v30 corp, CCN top quarter. I am not necessarily looking to stay forever. In fact I may move to smaller low COL cities in a year (geographic flexibility in my current practice is limited, i work w structured products). I am hoping this job will open doors to other in house, low stress jobs in those markets. But I may stay, it's not clear at the moment. Take job or try to last another year in biglaw?
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23151504) |
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Date: May 8th, 2013 3:48 PM Author: Doobsian supple giraffe home
obviously this differs from company to company, but i've been at my job for 8 months now and i worked until 7:30 ONCE and that was before closing a major deal in which our outside counsel worked until 3AM. there is also no expectation for reviewing/responding to email after work and on weekends.
if this is a public company, in particular, you already have outside counsel doing the Ks, Qs, and meatier SEC filings and as in-house counsel, you're doing more the oversight. i honestly can't see how you're going to have that many unexpected late nights.
the most deadline driven things in legal are deal closings, whether it's M&A or your company is trying to raise money or sell debt, etc. i just don't see this happening at a food distributor. it is not the same as being at google with an entire army of M&A lawyers buying out any marginally successful app threatening their space or being at a company that's growing rapidly and needs access to money quickly so they're doing a secondary offering (outsourced to law firm anyway). litigation is also deadline-intensive, but again, you have outside counsel for that.
this brings me to the other main factor for the hours -- how much does your company use outside counsel? we use 3 different firms for corporate, lit, and general legal advice on industry regulations/standards. i have a friend in-house at a major fashion retailer that is very cheap and doesn't use outside counsel very much and she has to take to arbitration every time a disgruntled employee at their retail store sues them for discrimination or somebody slips and falls at their store. since she is basically litigation in-house, her hours are rougher and more unpredictable. you should ask this company what is outsourced v. what stays in-house.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23158811) |
Date: May 7th, 2013 8:23 PM Author: Rose Hall Main People
Where are you finding these high hours/low pay inhouse shitjobs? Or is that just the market right now?
Also, a places that openly says 8am-6pm every single day will probably have numerous days where you end up there 7-8pm.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23153308) |
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Date: May 7th, 2013 11:36 PM Author: Stirring soggy sneaky criminal abode
It sounds like an AGC job. Given there are 2 lawyers there, he'll be handling the proxy statement, SEC filings, board meetings, corporate development, executive comp, benefits, etc.
It's as generalist and interesting as in-house gets, with as much responsibility as possible for someone his year. Most times, people his stage take this job at a big F500, but only get one segment of the business and have no interaction with the GC.
I don't understand what else you expect a corporate lawyer to do in-house (or at a law firm) that is "more interesting"? Are you even a practicing lawyer?
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23154889) |
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Date: May 8th, 2013 3:44 PM Author: Idiotic bronze university
jeez am i the only one who enjoys contract analysis
think of it this way: reading one presents you with ample evidence that even 60yo lawyers at F100s SUCK BALLS and don't know how to practice law AT ALL
i can't tell you how many times I've seen Ks come in from bigger companies full of ambiguities
hell, even when we were looking at expanded office space, the form L-T agreement failed to define very basic calculations adequately ("for every 1000 feet of leasable space you get Y widgets" was a big offender)
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23158773) |
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Date: May 8th, 2013 3:27 PM Author: Cobalt piazza boltzmann
also, this is his description of jobs duties -
supply contracts - so basic commercial shit
confidentiality agrmt - lol
SEC matters - aka roet reporting
M and A - lol, for that one acquisition tehy will make every 3 years (edit: and which will be outsourced to a firm anyway)
and shitty stuff like contract analysis, risk management and board matters - aka, contract management, paralegal, and take notes/minutes at board meetings
it's a shitty job. xoxohth
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23158644) |
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Date: May 8th, 2013 3:33 PM Author: Cobalt piazza boltzmann
you are the one telling me this is an "AGC" job and questioning whether i even practice law (or maybe some other dumbass did). my response is that i have far more legal knowledge, in house knowledge, and general work experience than you.
this is not an AGC job, it's a dead end jr corporate counsel type job. if that's what he wants, great. doesnt make it not a boring job
ur done here
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23158688) |
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Date: May 8th, 2013 7:42 PM Author: lemon aphrodisiac property
How marketable do you think I will be after staying at this small company doing generalist work for a few years? It's kind of my goal to use this job as a stepping stone to other inhouse jobs.
As mentioned in the OP, my practice at law firm is highly specialized, which limits my geographic flexibility and perhaps also inhouse marketability.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23160355)
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Date: May 8th, 2013 4:06 PM Author: Doobsian supple giraffe home
i've interviewed for a product counsel job at google and made it pretty far in the process and know people who are product counsel there. it's a bit unfair to compare these 2 jobs b/c it's apples and oranges. one is a generalist position and there are no generalist positions at google. product counsel happens to be one of the more interesting legal jobs at google. meanwhile, you're going to have some corporate lawyers at google just looking at supply chain contracts. would i rather be a generalist or would i rather be an employment lawyer at google reviewing every meritless EEOC claim that comes in? hard to say.
for somebody who is interested in going up the chain in a generalistic role to ultimately become GC, it's better to have the broader exposure to various in-house areas, which is hard to gain when you're going to a large F100 company and your responsibilities are far more limited. particularly if this guy's #2 in legal, it is basically a AGC role.
in any case, i think this guy has an interesting opportunity b/c it is fairly rare to be able to be offered #2 in legal, but obviously this is just an unsexy industry with unsexy legal issues. he could definitely leverage that into an in-house position at a better company in the future though.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23158926) |
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Date: May 8th, 2013 4:51 PM Author: Doobsian supple giraffe home
i've been a lawyer for long enough to know that even that sexy product counsel job isn't all that it's cracked up to be. the position i applied for was product counsel for google ad products, and one responsibility was advising business people on consumer protection laws in various countries. zzzzzzzzzzz.
i mean, it's fucking legal work, i've worked on enough high profile cases (omg, bernie madoff!) to know that even the sexiest of legal work all over the newspapers is still fucking legal work and often times boring. even that guy mitigating legal risk on self-driving cars is going to have tedious tasks sometimes.
being in finance in-house, i now work on stuff that is sometimes complex and interesting (how to access a foreign market through derivative investments when direct investments are impossible), but sometimes my days are spent filling out licensing applications and making routine SEC filings. that's just the nature of legal work.
the best you can hope for is to get an in-house job that will set you up nicely, either for lateralling or staying there long-term with good potential for growth. fuck "interesting" work.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23159300) |
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Date: May 8th, 2013 5:53 PM Author: Electric Trailer Park Juggernaut
LOL, way to cherrypick a specific job title at Google working on a specific product that like 2 people do.
If you're just a regular junior corporate counsel at Google, the job responsibilities are similarly boring and generic:
https://www.google.com/about/jobs/search/#!t=jo&jid=1124001&
Of course, you're paid better at Google, but that's another story. It's pretty silly to say 99% of in-house work isn't boring.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23159721) |
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Date: May 8th, 2013 9:58 PM Author: Stirring soggy sneaky criminal abode
I'm sorry, but I don't know. I took my role (which is similar to yours but different industry) because the previous people leveraged it into a GC gig, so I'm hoping I can do the same.
I know that when I left from Corporate at a law firm, I was giving up some in-house paths, primarily M&A-focused roles at F100 companies.
I don't know what kind of gigs specialized structured finance guys move into.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23161418) |
Date: May 15th, 2013 1:13 PM Author: Electric Trailer Park Juggernaut
OP, any update?
I also like how non sequitur got pwned in this thread with his elitism.
(http://www.autoadmit.com/thread.php?thread_id=2249689&forum_id=2#23203357) |
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