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5th year litigator, should I take this inhouse job?
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Date: August 3rd, 2017 3:08 AM Author: harsh international law enforcement agency shrine Fifth year, primarily securities litigation, with some general lit. Just has a babydood, so need more predictable and humane hours.
Been applying to inhouse jobs for the past 6 months, wonly gotten 3 interviews. Once of them turned into an offer for SEC compliance at a F500 company. Salary will be ~$150k. Obviously a big pay cut, but think I'm going to be pushed out in a year anyway (good reviews, but bad hours).
What should I do bros? |
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Date: August 3rd, 2017 3:09 AM Author: Cream legal warrant institution how bad are your "bad hours"? (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908445) |
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Date: August 3rd, 2017 3:28 AM Author: harsh international law enforcement agency shrine On track for 1700. Normally bill ~2100. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908498) |
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Date: August 6th, 2017 10:10 AM Author: Lemon quadroon 1700 is fine at my V5. Sub 1600 is when you worry. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33928794) |
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Date: August 3rd, 2017 3:10 AM Author: Cream legal warrant institution also are your hours bad because you turn down work or because there is not enough work? (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908447) |
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Date: August 3rd, 2017 3:27 AM Author: harsh international law enforcement agency shrine There's not enough work. Gen lit has been slow for the past year and securities lit work has been nonexistent for two years. I never turn down work.
I should add that things are slow enough that service partners are hoarding work that would normally be passed on to me. |
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Date: August 4th, 2017 10:11 AM Author: vermilion pea-brained hairy legs office LOL there is plenty of work in the market now, your firm just sucks. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33916239) |
Date: August 3rd, 2017 3:30 AM Author: learning disabled stirring hospital factory reset button take it. you have no idea the number of litigators who would kill for that opportunity. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908509) |
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Date: August 3rd, 2017 3:31 AM Author: harsh international law enforcement agency shrine It seems like a 9-6, but also no incredibly dull with no opportunity for advancement. I make more than 2x that now and rarely work late nights or weekends. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908513) |
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Date: August 3rd, 2017 3:32 AM Author: Shimmering temple fanboi Litigators rarely get in house offers. Jump on it. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908517) |
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Date: August 3rd, 2017 9:34 PM Author: Magical spectacular milk Is this really an inhouse position? It's compliance. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33913769) |
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Date: August 3rd, 2017 10:31 PM Author: harsh international law enforcement agency shrine Yeah, I almost feel like compliance doesn't count. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914131) |
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Date: August 3rd, 2017 3:34 AM Author: learning disabled stirring hospital factory reset button then maybe just wait it out so you can coast on a nice severance for a while when your current job cuts bait. but you may not get an in-house offer for a loonnnnng time. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908526) |
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Date: August 3rd, 2017 3:48 AM Author: french lay (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908570) |
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Date: August 3rd, 2017 3:38 AM Author: insanely creepy impertinent turdskin becky Securities lit is a tough specialty for in-house, even harder than general lit. Compliance is pretty shit though. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908544) |
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Date: August 3rd, 2017 3:59 AM Author: Narrow-minded theater new version do you think your lack of work is temporary or that things will pick up? 1700 is probably not something you'd get fired over if you're well respected there, as long as it isn't a consistent thing. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33908589) |
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Date: August 3rd, 2017 9:25 PM Author: harsh international law enforcement agency shrine I don't think it'll pick up. In any event, my firm isn't the kind of place where people make partner unless they're inheriting a book, which I'm not. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33913710) |
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Date: August 3rd, 2017 9:36 PM Author: beta comical locale you should take it. it will be easier to get another in-house job when you already have one. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33913775) |
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Date: August 3rd, 2017 9:40 PM Author: Citrine Thirsty Location Indirect Expression Another year plus severance at your current gig is more than 2x the in-house gig. Think you can get another offer within 2 years? Doesn't seem crazy (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33913813) |
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Date: August 3rd, 2017 10:31 PM Author: harsh international law enforcement agency shrine I don't know. I've sent out hundreds of apps and only got two interviews, one of which led to this offer. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914136) |
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Date: August 3rd, 2017 10:42 PM Author: Dashing french chef Take it, retard (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914229) |
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Date: August 3rd, 2017 10:43 PM Author: harsh international law enforcement agency shrine I don't want to do compliance for the rest of my life. That sounds awful and not financially rewarding.... (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914236) |
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Date: August 3rd, 2017 10:45 PM Author: Dashing french chef You should have thought of that before you decided to be a litigator, (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914253) |
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Date: August 3rd, 2017 11:51 PM Author: harsh international law enforcement agency shrine Tough, but fair. In my defense, no one told me this in law school and it wasn't until I had read two years worth of farewell e-mails until I realized I had made a horrible mistake. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914716) |
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Date: August 6th, 2017 10:13 AM Author: Lemon quadroon Good god. I'm a litigator too and I've sent out 10 apps this year and got 3 interviews, 1 offer, and one unsolicited approach by an in house client. I'm at a V5 though. What rank is your firm? (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33928804) |
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Date: August 3rd, 2017 10:40 PM Author: fishy fluffy double fault Go boutique for a while and make some money. Securities reg stuff has a good parachute market. Make money now. The kid won't remember and you don't need to be there every moment to enjoy and remember those years. Jump to paper-pushing for Janice from HR when you want to go assistant coach the soccer team. You'll never make real money again if you tuck in for in-house dinner as your first stop out of biglaw. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914210) |
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Date: August 3rd, 2017 10:44 PM Author: beta comical locale Absolutely everything about this is wrong. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914243) |
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Date: August 3rd, 2017 11:06 PM Author: Passionate misunderstood parlor (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914447) |
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Date: August 3rd, 2017 11:52 PM Author: harsh international law enforcement agency shrine Explain. I am law review T10 with a good clerkship (think E.D.N.Y.) and some trial experience, so I think I'd have a shot at a boutique, but I don't want to work the long, unpredictable law firm hours anymore. Are boutiques better? I like the word, I just want my nights and weekends to hang out with babydood. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914727) |
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Date: August 4th, 2017 1:17 AM Author: harsh international law enforcement agency shrine (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33915065) |
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Date: August 4th, 2017 10:14 AM Author: overrated marketing idea university No, boutiques (the good ones anyway) are not better, but you make less money. Also when you start a new job, you have to prove yourself all over again and can't just slack off right away. You're only billing 1700 hours/year making more in biglaw, ride the gravy train until you get fired and keep looking. I bet you can find a legal gig in the next year or 2. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33916253) |
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Date: August 3rd, 2017 10:42 PM Author: Dashing french chef Duh (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33914222) |
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Date: August 4th, 2017 7:32 AM Author: Elite persian address That's not too bad. It's something worth doing especially if you feel meh about the practice of law. The one thing is that large companies normally require you to stay in your position for a year before jumping to another dept (unless you get your manager's permission). So you have to keep that in mind. But, it's not uncommon for people to jump between compliance and legal or other departments like risk. You'll just have to network a little bit, and that'll be much easier once you're in-house.
Do you mind saying what kind of compliance you'd be doing? handing client disputes, finding and monitoring potential applicable laws/regulations, or writing compliance manual? |
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Date: August 4th, 2017 10:02 AM Author: overrated marketing idea university Is this a legal job or a compliance job? I wouldn't take it if it were a compliance job but would if legal. I did securities lit mostly as well and there is like nothing. Spin yourself as specializing in something else if you can. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33916196) |
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Date: August 4th, 2017 12:28 PM Author: harsh international law enforcement agency shrine It's straight up compliance, unfortunately (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33917227) |
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Date: August 4th, 2017 1:25 PM Author: overrated marketing idea university Don't do it, id take a legal gig paying less compared to this. Have you looked at SEC exam/enforcement jobs? They have field offices so it's not just in DC. they actually want securities litigators. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33917673) |
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Date: August 4th, 2017 10:05 AM Author: cobalt hell hunting ground It seems most compliance jobs are total dead ends and pay less than "comparable" in-house legal jobs. Although I guess there is the outside chance you could climb the latter to CCO. (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33916210) |
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Date: August 6th, 2017 10:08 AM Author: razzle-dazzle sanctuary CCO is a SPS job and id never take it (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33928779) |
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Date: August 4th, 2017 1:26 PM Author: hairraiser state giraffe Fuck no. Do not get into TTT compliance.
Go in house, but not compliance. |
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Date: August 6th, 2017 10:16 AM Author: Lemon quadroon Yeah compliance sucks IMO Because you have the sword of Damocles over your head. First time the company gets caught doing something they say, "well we replaced our compliance guy!" (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33928808) |
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Date: August 4th, 2017 1:29 PM Author: mind-boggling cyan boiling water I thought this would be a non sequitur flame post (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33917715) |
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Date: August 6th, 2017 9:53 AM Author: Supple area cuckoldry Take it (http://www.autoadmit.com/thread.php?thread_id=3691471&forum_id=2#33928706) |