Quote:
Originally Posted by Unregistered
People seem to group in-house counsels under a single umbrella. In reality, there are many sub-categories within the in-house community and pay varies greatly [GREATLY] within these sub-categories. Generally, in-house counsels in the following roles will earn more than 6k at 3pqe:
(1) Banks - not compliance, but legal
(2) Regional in-house for F500/listed MNCs
(3) Fin-tech/Internet-related companies [think amazon, facebook, linked - all currently hiring btw!]
(4) IP counsels for pharma/luxury branks/brand enforcement teams
For the above roles... you should be thinking 7k-9k at 3pqe. I was at 7.5k (i thought it was low then, now i'm just glad i still have a job).
The kind of roles that pay 6k at 3pqe:
(1) Local companies.
(2) O&G/freight forwarding where the contracts are mainly standard form.
(3) Asian companies with a low pay-high bonus (depending on economy) kind of package. Think Japanese companies.
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Isn't this low for 3PQE for your first 4 categories? i think it's now about 10 to 12k for (1) to (3), IP counsels less. and for 5pqe onward the pay is comparatively more, so i'm saying jump in only much later, not so early
i agree the figures for hte local roles (6k) 3pqe, is about that.