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[quote=Anonymous]One more thing about in-house life.  If you're serious about moving up (and increasing your income) in the in-house world, you will need to consider relocating for new positions within your company or to accept a high-level position with another company.  I know that it's hard when you own a house, your spouse has a job, and your kids are in school, but you will likely only need to relocate once (possibly twice), and the money can be substantial.  The alternative (if you can call it that) is to leverage government and private practice as revolving doors.  To do this, you'll need to network like crazy to build up a roster of contacts in-house (for future business) and among the political elite (to land a political appointment).

The foregoing ladder climbing requires that your spouse be 100% on board, possibly putting his/her career on the back burner to support yours (it's the only way this will work).  In families where both spouses earn $200k+ annually, I'd think long and hard about trying to climb the ladder in-house.  That's a great HHI (even for DC) that if you can leverage for 10+ years, you'll be in a position to do whatever you want by your early-to-mid-40s.  One or both of you can then scale back your careers, open your own business (law firm) or relocate to a lower cost of living area and take less stressful jobs.  Once you have the money, there is no reason to stay in the DC area unless you love traffic and mediocre-to-crappy weather for 1/2 - 3/4 of the year.

DC offers decent in-house compensation, but its real payoff goes to law firm partners, lobbyists and owners/executives of government contractors.  If you're not inclined to go into private practice or lobbying, I'd suggest finding a way to gain valuable business experience while in-house counsel.  It will open up many more options to you to go "business-side."  I know several in-house counsel who became COOs, CAOs, CCOs, CHROs, CPOs, etc...  That C-level title is worth its weight in gold.[/quote]

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