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Have you ever been put on a PIP and survived?
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I'm 5 years in - almost exact same situation. I'm starting at the firm in just a few weeks, and I have no regrets so far.
That's good to hear! Congratulations and good luck!
I’m a second year in house counsel and wonder when/if and how I might move to a firm because I feel like it’s valuable learning. I worked at a firm for another year previously. I’m also nervous that even if I wanted to move to a firm my skills wouldn’t be up to par as to where other firm associates’ skills would be.
You advance your skills in private practice and you advance your work life balance in house. That's The general maxim at least. If you've never billed your time before, it can come as a shock. Generally you make more money over time at a firm, barring equity options in house. However, AmLaw200 has huge variances in terms of quality and compensation. There are the Cravath scale firms and those just below (generally AmLaw 100) but I have friends at shops in the middle of the 200 (like 125-175) where they're $100K below me (AmLaw 50). Make sure the bonus is clear and the raises too (lockstep with class? Pure discretion?). Black box firms will promise a lot and then usually under deliver.
Also consider some places favor home growns a lot. You have 3-4 years.before seriously being considered for partner/counsel/whatever, so that's time to build a good rep, but you have to politic/network a bunch more than you probably had to do in house.
Firms move fast.
Thank you. This was helpful. I guess I'm more prepared than I give myself credit for. I haven't billed since my days as a paralegal, so not unfamiliar and def not looking forward. Bonus is "merit based" lol. Not happy about it, but the base in enough that if I somehow got screwed, I would be fine financially. Already network internally and externally, speak on panels, write, sit on bar association boards, and have built a brand on social media, so not overly concerned about getting myself known.
This firm was explicit in saying they know their partnership is aging, they haven't done a good job succession planning, and they're looking to bring on talent at all levels, but esp mid-senior, that has partner potential. Is that marketing bs or reality? Red flag? IDK. Certainly not ruling out partner, but mostly just looking to get a firm on my resume to be considered for better in-house roles. Recruiters and interviewers stop conversations with me and say they're not willing to take a risk on someone without firm experience and admit this bias is ridiculous, but can't let it go. I'm just tired of trying to convince people I have basic lawyering skills.
I usually hear you need firm experience in order to go in house and you’re more “desirable” with firm experience but seems like you have it made! Go for it! Not many people have that