I’m afraid to go in house because it seems too easy to lay off lawyers. We stop business people from having fun and are a cost center. Should this be a real concern?

likehelpful
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It’s a real concern, yes. You can’t protect against everything but there are certain roles that a “probably” more insulated — IME the closer you are to the revenue the safer you are. Same goes for required regulatory positions — if you work at a PubCo the sole securities attorney is likely safe unless the company plans to just send everything to OC. Of course, there are still situations where these folks get axed, but they generally seem safer.

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Then what kind of in house roles are easier to get axed?

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I mean, of course it’s a real concern. People who generate revenue are least likely to be laid off—regardless of the industry/business—and the inverse is certainly true. In-house legal is almost always a cost center in most companies, and that’s not going to change. But it’s a nuanced question because some businesses value legal much higher than others, so that’s the real consideration. For eg, counsel at a PE firm running a bunch of deals is in a very different position than a staff attorney doing pure contract review at a tech company. So not all in-house risk is equal and you gotta do your due diligence because certain businesses/industries have materially worse layoff history than others.

likehelpful

If you can get hired for one in house gig you can get hired for another. Take the severance and find something better. Never let a crisis go to waste.

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