Reply to In house lawyers- what’s your plan B if you are laid off

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[quote=Anonymous][quote=Anonymous]and don’t think you’ll find another good in house gig?

Hang a shingle? 
Do something else entirely? [/quote]

DH started in Big Law. He was laid off in 2008 during the financial crisis. He found (what became) a great in-house gig for 8 years but they eventually sold to private equity and got rid of a ton of “redundancies” including him. He then hopped to a few other in-house jobs (some as GC) that were all not great for one reason or another (usually to do with funding or bad management) and ended up back at a firm several years later. He’s now an equity partner (not big law, more mid sized) and says he is staying put. The hours were better in-house by far, but he has much more control now. He has more work than he can handle and can essentially choose his clients and work. He is just socking money away and planning to retire early.

TL/DR - good, stable in-house gigs proved hard to find for him. The first one turned out to just be luck (until it ended.)[/quote]

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