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Reply to "4th year biglaw looking into inhouse - what's good pay?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Market has changed....watch it you maybe be replaced by a more experienced person at lower pay....the supply of lawyers wanting to go in house is very high.[/quote] But the skills to do it well are hard to find. It isn't just about being a great lawyer (although that's important). It's also about being a strong leader/manager and a pragmatic business person. I've hired 3 other in-house lawyers for our company and, trust me, it is NOT about finding a lawyer who wants "out" of a law firm. It is hard to find a great in-house lawyer. That is why companies poach each other's in-house pros rather than hiring directly from firms. If you are a company with a great in-house lawyer, you pay to keep them. Hiring a cheaper lawyer just isn't good business and successful companies know that.[/quote] There's one big exception to the rule. When companies are looking for a new general counsel, if they don't promote someone from the internal legal department, they will tend to look at law firm partners with whom they have worked closely and who are familiar with their business.[/quote] That's true or they poach GCs from other companies.[/quote]
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