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Reply to "5th year biglaw associate, golden handcuffed and miserable"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I left DC Biglaw as a 5th year for an in house litigation position at a large corporation a couple of years ago. I make $180k + 20% bonus. [/quote] That's actually quite good, even for DC standards. It would be even better if you received stock in your company and had an ESPP. Since you didn't mention these, presumably your company is large, but private. If this is the case, then you're either family-owned or VC-backed.[/quote]I do get stock too, though it takes several years to vest. I can't recall how much I get. It still seems like fake money until it vests.[/quote] It's fake money unless your company has a solid track record as a public company (i.e. decades), and also a dividend to boot. Unfortunately, companies with stable stock prices (or that are even publicly traded) aren't where the real money can be made. It's the pre-IPO company or one that's a likely buy out candidate. The problem is that those companies don't often have in-house counsel, and if they do, it's usually a GC and possibly a contracts manager, with everything else outsourced to outside counsel (chosen by the lead VC/PE firm with a cap on fees, etc...)[/quote]
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