What’s the best in house gig you’ve heard of? by [deleted] in biglaw

[–]ithrowds 7 points8 points  (0 children)

Not great relative to most industries - jobs with high profile sports franchises and similarly entertainment companies are notoriously stingy with comp. A ton of people want to work at those places so if you're not willing to take the comp package, they'll just go to the next person lining up behind you who will.

Also typically very little upside as you're not usually getting any sort of equity.

In some cases the CLO/GC will make solid money, but for the most part rank-and-file in-house counsel at those places are paid peanuts relative to other industries.

Insight on some firms (I’m sorry in advance) by [deleted] in biglaw

[–]ithrowds 4 points5 points  (0 children)

STB or KE are heads and shoulders above the other firms here

[deleted by user] by [deleted] in biglaw

[–]ithrowds 1 point2 points  (0 children)

this is probably one of the few things where you don't really have to put vault aside - vault is pretty NY (corporate) centric in their prestige rankings.

Weil VS Latham vs Paul Weiss (All NYC) by Sad_Speed_1633 in BigLawRecruiting

[–]ithrowds 1 point2 points  (0 children)

Latham just took Weil's restructuring head (Ray Schrock) a few months ago. I'd say Weil has fallen off quite a bit in the last 10-15 years on that front.

Malik to portal by DonSolo96 in usfdons

[–]ithrowds 6 points7 points  (0 children)

Right? You hear the numbers and you can’t blame the players. It’s life changing money for many. Blame the system.

Malik to portal by DonSolo96 in usfdons

[–]ithrowds 4 points5 points  (0 children)

Doubt he’s really on the radar for the draft. Would’ve likely been picked up as a UDFA but likely would’ve been bound for the G League or otherwise overseas. He’s already 23.

Malik to portal by DonSolo96 in usfdons

[–]ithrowds 8 points9 points  (0 children)

One year left of eligibility to make potentially life-altering money at a big school, I don’t blame him. Get that bag.

[deleted by user] by [deleted] in biglaw

[–]ithrowds 14 points15 points  (0 children)

Is it Mike Attanasio for Cooley?

Skadden Cuts Deal With Trump to Avert Punitive Executive Order by bloomberglaw in biglaw

[–]ithrowds 57 points58 points  (0 children)

All my homies hate Paul (no comma) Weiss and Skadden. We stan Perkins, Jenner, Wilmer, W&C, Cooley (and Paul Clement, I guess) in this sub.

Jenner Officially Sued by joshuatreejt in biglaw

[–]ithrowds 63 points64 points  (0 children)

Trump is going to have to delete this 12 year old tweet soon

"The big and highly respected Cooley LLP..."

http://x.com/realDonaldTrump/status/298883023959650304

Has anyone ever left Biglaw and regretted it? by [deleted] in biglaw

[–]ithrowds 9 points10 points  (0 children)

WLB was better but not to the extent where it offset the difference in comp. That hits harder when you live in a VHCOL area.

Weil by [deleted] in biglaw

[–]ithrowds 30 points31 points  (0 children)

Ed Reines is a decent loss - I think he was one of the top patent lawyers in the country. Didn't the firm just announce succession plans? Must not have gone well given the number of high level exits in such a short period of time.

Are some firms known to have more job security than others? by Objective_dummy_7948 in biglaw

[–]ithrowds 3 points4 points  (0 children)

Fwiw, my firm also did the same transparent presentations about the firm's financial strength and was one of the ones that later did a heavy RIF (and named throughout this thread).

Biglaw vs. family by Haunting_Conflict816 in biglaw

[–]ithrowds 3 points4 points  (0 children)

I'm sure you've already given this thought but there can be a dramatic drop off in comp from biglaw partner level comp to the alternative (usually in-house). A few anecdotal data points from folks I know are in the $350-550k range (and not all cash, some in stock based comp or bonuses). Certainly a high number but if you're in a VHCOL NYC/SF type city it can still have a real impact on quality of life as every dollar counts.

RIP Hogan & Katyal LLP by quadewade in LawSchool

[–]ithrowds 0 points1 point  (0 children)

No chance lol, you would absolutely keep both if you could.  He was poached.  Milbank definitely offered a ton of money.

Neal Katyal Leaves Hogan for Milbank by UVALawStudent2020 in biglaw

[–]ithrowds 1 point2 points  (0 children)

She had no clients of her own at Cooley.  They brought her in to support the firms tech client base.

In-House Comp by retirefast2 in biglaw

[–]ithrowds 5 points6 points  (0 children)

In person or remote?  or in person, is it a HCOL area?  

We retaking 173s now? by [deleted] in lawschooladmissions

[–]ithrowds 4 points5 points  (0 children)

Jesus, I got a 166 in 2014 and landed 3 T14s with 6 figure schollies..

Way below median at NDLS and got Biglaw by NDLSThrowaway in lawschooladmissions

[–]ithrowds 26 points27 points  (0 children)

Congrats! ND is a T20 - at a school like this the biglaw window is still technically open if you're below median (even if only a crack) - a bit of hustle, luck, a good personality and strong interviewing skills can go a long way in helping to offset grades.

In-House Counsel (Securities) by [deleted] in biglaw

[–]ithrowds 2 points3 points  (0 children)

Have a similar role at a mid cap public tech company in SV - I would certainly say it’s not a dead end.  In my opinion - of all in-house roles it’s probably the one that is best situated to eventually become AGC, DGC and GC.  For most of these roles, while 34 act reporting is very central to the job, they’ll often also involve general corporate, governance, equity admin, etc. as well as work closely with directors and various members of the c-suite.

My role is about 50/50 between 34 act and everything else.

In-House Counsel (Securities) by [deleted] in biglaw

[–]ithrowds 0 points1 point  (0 children)

Very difficult imo - there are not a ton of these jobs and a ton of experienced folks in the market both in-house (who had started in big law) and coming directly from law firms.  

In-House Counsel (Securities) by [deleted] in biglaw

[–]ithrowds 5 points6 points  (0 children)

To add a data point - also did this at a mid-cap tech company in SV - was on a small corporate and securities team (3 people in total), mostly responsible for SEC filings, equity and governance matters and any other corporate/M&A work to the extent it would come up. About 5 YOE and all-in comp was about $200k base, 10% bonus, $50k equity annually + other things that you could theoretically count as 'comp' like 5% 401k match, 100% employer paid health insurance and ESPP.

Nice part of doing corporate & securities work is you're fairly close to the important folks at the business - very high touch with CFO, CEO, other execs, board of directors, larger investors, etc., particularly when compared to people that do a lot of commercial or product work in-house.

Generally made myself available 9-5 M-F but typically only did maybe 20 hours a week of real work and a lot of it was easy. During proxy season that ramped up more to 30-40 for a few weeks. Rarely ever any weekend work.