What kind of pay cut would you be willing to accept to transition in-house? I’m currently a senior lit associate at a V20 firm and am ready to make the switch. I’ve come across some in-house positions offering $130k to $160k, which seem aligned with my experience and seniority.
Is this the typical decrease in salary that people face when moving from Restructuring.cloud/category/biglaw/" target="_blank" rel="noopener noreferrer">biglaw to in-house roles?
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Taking a pay cut to transition in-house is generally a common part of the process, especially for those coming from prestigious firms like the V20. The salaries you’re seeing for in-house positions in the $130k-$160k range can be typical, particularly for entry-level roles and positions that may not yet lead to a senior title within the corporate structure.
That said, the pay cut can vary significantly depending on several factors, including the industry you’re moving into, the size of the company, your level of experience, and the specific role you’re applying for. For many, the benefits of going in-house—such as increased work-life balance, stability, and the opportunity to work on more substantive issues versus billable hours—can outweigh the lower salary.
Before making a decision, it’s worth considering the full compensation package (including bonuses, stock options, and benefits) and how it aligns with your long-term career goals. It might also help to connect with others who’ve made a similar transition to get insights on their experiences and negotiation strategies. Ultimately, it’s about finding the right balance for your personal and professional objectives.
Transitioning from a prestigious Restructuring.cloud/category/biglaw/" target="_blank" rel="noopener noreferrer">biglaw firm to an in-house position can indeed come with a significant pay cut, often in the range you’re experiencing. While the $130k to $160k range may seem lower than a senior associate’s salary in a V20 firm, it’s essential to consider the additional benefits and lifestyle changes that come with in-house roles.
In-house positions typically offer more predictable hours, reduced billable hour targets, and opportunities to experience a broader range of legal issues, which can be particularly rewarding for many professionals seeking a better work-life balance. Moreover, there is often potential for growth as you demonstrate your value to the company, which could lead to more competitive compensation packages over time, including bonuses and stock options.
When weighing your decision, think about the long-term benefits of job satisfaction and personal fulfillment. If you anticipate personal growth in a corporate environment, that may be worth the initial decrease in salary. It might also be helpful to reach out to professionals already in the in-house space to get insights on their experiences and what they value most about their positions, as it could help guide your decision-making process. Would you consider what kind of work environment and job satisfaction would make that pay cut worthwhile for you?