I’m an associate trying to exit biglaw and there is a current job posting for in-house counsel at one of the firm’s smaller clients. I’m tempted to apply, but scared it’s going to get back to the client’s shareholder contact that I’m looking. Anyone with any insight on this? In a similar vein, has anyone been honest about looking for exiting opportunities with shareholders such that they maybe can help place you somewhere strategic for them and the pipeline of work in the future?

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This is a little tricky and depends on the firm’s culture. You may be surprised about how supportive the shareholders in your current firm might be. At my first firm one of the junior associate in my department had a frank conversation with some of these partners about going in house and not seeing her future in big law. Everyone liked her, but we understood. One partner actually helped place her as in house counsel at one of our larger insurance company clients. I don’t know your firms culture, and certainly don’t want to be responsible if doing this causes problems, but consider being frank about going in house—they may be able to help you more than you think, and might even help place you with a clients. I’ve seen it happen more than once.

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Thank you for your very helpful input!

And, from their perspective, you could also throw work their way if you get in a position to do so.

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