7th year assoc. bail now or stick it out?
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Date: August 17th, 2014 9:22 PM Author: chrome private investor brunch
Would you jump ship as a 7th year to go in-house for $120k? Let's say you have no idea where you stand; they could offer you partnership--or they could show you the door.
Bail?
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26149492) |
Date: August 18th, 2014 12:04 PM Author: heady location boiling water
Would you actually want to be partner?
Salary seems low but not objectively bad particularly if offers good lifestyle and upside. Plus can leverage this to find a better in house job in a few years, whereas Biglaw is a dead-end job if you don't want/won't be made partner.
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26153393) |
Date: August 18th, 2014 12:22 PM Author: Vibrant crotch gas station
$120k has to represent damn near a 50% paycut on base salary, if not more than 50%, for a BIGLAW 7th yr associate. I think you could do better. Why is the company offering so little?
As for whether you should take it, your family circumstance has to factor in. I'm a 7th year as well and, with 3 kids and a SAHM for a wife, I couldn't afford this kind of pay cut.
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26153495) |
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Date: August 24th, 2014 11:00 AM Author: hyperactive arousing haunted graveyard base
i've been applying in house and believe that average base for a 7th year in a major city like NYC, Chicago, Philly, Boston, SF or LA would be around $175k with average bonus of 20%.
but i've seen like $140k jobs as well as $225k jobs.
and bonuses from 15-30%.
most of the lower paying jobs are in media, entertainment or startups. most of the high paying jobs are in finance, pharma, or F100 type public companies.
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26195331) |
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Date: August 19th, 2014 10:24 AM Author: Costumed area pisswyrm
I had many of these same concerns, and almost took an inhouse job I didn't really want just because I wanted out of my firm.
Eventually I turned down the inhouse offer (for around 180k) and later found another much better offer.
I wasn't a shitigator, so take that into account, but I'm not so convinced that you'll never ever find another inhouse opportunity.
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26160241)
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Date: August 19th, 2014 9:34 AM Author: Cyan Forum Azn
Does your firm have non-equity partners? If so, and if you haven't gotten the vibe to start looking for a way out, partner is still on the table.
If your firm only has equity partners, do you have an equivalent of non-equity partner, like counsel or something? If so, that may still be on the table.
I wouldn't jump thinking that as a 7th year your only options are fired or equity partner. Lots of firms have something in between and will allow you stick around. That said, if you like the in house opportunity, then go for it. And if they have ever said anything to you about have you considered what you'd like to do next, definitely take it.
(http://www.autoadmit.com/thread.php?thread_id=2648400&forum_id=2#26160085) |
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