Is in-house actually as bad as private practice? Partners in my team tell me if I go in-house I’ll just end up with less money and the same hours (which I don’t really buy). For context, I’m in big law and getting paid Cravath/Millbank working approx 2000-2100 a year

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I went from big law 7th year to in house Mag 7 company. I easily work just as much, if not more, during business days. There are no slow periods, and my days are crammed with back to back meetings so I need to get work done in the evenings. In addition, you don't have a legal team supporting your work, so it's much more challenging to get coverage or support.

The big benefits from a quality of life standpoint, during my time there, have been not having to bill hours and the fact that they do not expect weekend work. However, not working on the weekends translates to even more work during the work week. Comp wise, my TC is comparable to what I was making in big law (250K base + 140K equity + 20% year end bonus + 75K sign on bonus).

At the end of the day, I prefer in house because I do not need to bill my time, and I have much more independence and autonomy over my work product (rather than a parter overseeing everything). On the other hand, there's no buffer for work flow, no support or coverage (including paralegals to assist with administrative matters), and a lot of pressure on you alone to perform.

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Consider the source. Have they worked in-house? Do they have a motivation to keep you at this job?

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Not necessarily. The challenge with in-house is that you are expected to know every area of the law depending on the sector you are working in, as against in a law firm, where you can practice only in your area of specialisation.

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You will almost certainly work less, but how much less will be dependent on the company and group you wind up in. Same for comp, salary will obviously be less but you can make it back much easier than in a firm. As a reference point, I work 35-45 hours a week and my all in comp is around 330k, but around a third of that is bonus and stock.

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Mainly BS

You will likely get paid considerably less, but will also work considerably less.

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Correct. I’ve been in house

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Work in-house for a small company of under 50 employees. Life is incredibly chill.

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How many years out are you? If you are over 4 years out, your partners are seeing a revenue source leave. They don’t like that.

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YMMV. At most, I do the equivalent of 1500 hours/year in-house at F500.

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There's a reason that going in-house is considered the holy grail for many firm attorneys. The hours are much more reasonable at most places (not all. Looking at you Amazon.) and the money is good. My total comp is less than big law, but I'm fully remote, have total control over my schedule and almost never work weekends or evenings.

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Went in house after 20 years of private practice. Going back to private practice. There is literally only 1 thing better going in-house and that is having most nights and weekends free. However, the biggest downside other than pay cut is you lose ALL YOUR FREEDOM and FLEXIBILITY. You are basically in work jail from 9-5. Going in-house for me was the worst mistake I ever made and I am glad to go back to private practice.

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