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Mentor
Because the benefits may be better than gov, and you (self-destructively/masochistically) love the litigation grind, I guess.
I’ve interviewed lateral candidates for a non-shareholder track counsel role who have told me they’re interested because they love their work but hate the pressure of business development and other non-billable firm citizenship type tasks (like writing for the firm’s blog, stuff like that). So I could see the role being a good trade off for some.
Mentor
In-house isn’t a huge pay cut for a lot of people from mid law and small law, which is where a huge portion of in-house lawyers come from, and litigation management in-house often means you aren’t doing the drafting work yourself.
Mentor
I think the difference with "captive law firms" in house is that they actually litigate the cases themselves.
Because the lifestyle and hours are better?
In-house litigation is the best. You get to actually use your discretion for what you think is the best way to win, not what’s most profitable for billing. If you have a slow day, you log off instead of doing pointless paper pushing to inflate billables. Sure you still have the calendar based fire drills, but you don’t have to deal with the client delays anymore.
How many times have you had a winning case but your client got spooked and settled because of mounting legal fees? You now get to remove that colossal leverage from your opponent.