Land Big Firm Corporate Law Jobs
Big corporate firms are where most big lawyers go because there’s a track for them. “The path of least resistance is the big law firms,” law school counselor Carole Montgomery said in a Legal Times article.
The big firms generally come to law schools with a quota of 5, 10 or 20 people, so that’s where most people end up because there’s a huge bulge in the market. There are thousands and thousands of big corporate law firm lawyers.
In-House Corporate Law Jobs
There are fewer big corporation in-house lawyers. That’s because big corporations have in-house teams that generally aren’t flush with attorneys. A company like Intel is going to have a lot of lawyers; in fact, nationwide they probably have a couple hundred. However, they don’t have the capacity to handle big IP cases if they are sued or decide to sue a competitor. As a result, they outsource that work, creating a kind of asymmetry in terms of the client and the firm. The client has some lawyers on site, but they won’t have 20 people in Hong Kong to supplement the work the next day.
Clients rely on big firms to be more flush with attorneys. The corollary to that asymmetry is that big corporations don’t have the need for people who tally damages or label exhibits. The general knowledge and context you receive in law school is of little value or use to a company like Intel. The trajectory to get into those spots is different.
How To Get There
Big companies generally don’t come to a law school looking for their next general counsel or in-house lawyer. There are exceptions to that. Google in particular has an eye on building its own in-house firm. They want to be able to insource a lot of their legal work so they will go to law schools and get first and second year attorneys who have the skill sets that I talked about before, because they need every layer of the equation. Going to a big firm straight out of law school will put you in a position to get those in-house corporate jobs.
The most logical trajectory is to work on a big litigation, develop relationships with in-house lawyers, and become familiar with a company’s sources of revenue, management, and long-term agenda. That doesn’t happen all the time, but that’s probably the most common way to get an in-house job.
Salaries
In-house jobs tend to pay less, so you usually take a pay cut when you move from a law firm to an in-house gig. On the other side, you tend to receive a better “quality of life” by not working the crazy hours at a big law firm. The leadership at big corporations, like the general counsel, is substantially paid, but going in-house will result in a $20,00-$70,000 pay cut. If you kick the right horse at the right time, especially in Silicon Valley, that transition can be more financially beneficial than you might think. If you get to Broadcom before it is the next Broadcom, you’ll be well compensated for gambling on the job, even if you are a junior member.
The usual trajectory to work in-house at a corporation is to work at a big firm and then move into in-house work. Big firms recruit at law schools, whereas big corporations look for more developed skill sets that can’t be found at a law school or first year level.
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