{ "media_type": "text", "post_content": "5th year associate thinking about transitioning in house. Still have student loans. Has anyone gone from big law comp to in house and regretted the decision (because of the pay cut)?", "post_id": "606f1611ab11a8002159191f", "reply_count": 12, "vote_count": 3, "bowl_id": "5dc50686129b3e0021a249b4", "bowl_name": "In-House Counsel" }

5th year associate thinking about transitioning in house. Still have student loans. Has anyone gone from big law comp to in house and regretted the decision (because of the pay cut)?

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I went in house pretty quickly. Life's too short to do big law forever. I just changed my repayment plan to work for me.

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Do you mind sharing what compliance work is like? Pros and cons? Thanks!

In-house still pays well. You can definitely pay back your loans just may take a little longer.

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Zero regrets, and it still pays well. Previous poster is right, life is too short. Even if it takes an extra couple of years to pay off loans, it’s well worth it.

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I went in-house after 3 years. Definitely don’t regret it. I do get a little jealous when my friends get special bonuses and the big lockstep increases. But it’s worth it cause I almost always have my weekends and evenings free and still am living quite comfortably. Maybe the decision process is a little different if you have like $300k in debt, but even then I probably would recommend in-house unless you actually love big law.

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I went in-house after 3.5 years. There are opportunities out there that don’t require you to take a massive (or any) pay cut. I make more cash comp than a 3rd year and depending how my stock does, I can make more than any associate (but that’s variable and not guaranteed). Be selective, but also be sure that you find the right role for where you want to position your career 5 years down the road.

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General corporate, mostly did capital markets

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Can you accelerate your loan payments while you’re still making $$$ at the firm? I buckled down and threw a bunch of money at mine in years 5-6 and it feels good to have that weight lifted.

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I’ve considered that. Redirecting planned investments to my loans for peace of mind.

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