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If you check out the Indian legal industry, you will come across corporate lawyers in India who prefer moving in-house rather than working from any other environment. Successful solicitors from the law firms, holding the position of counsel, senior associate and even salaried partners with decent future in any law firm are currently shifting towards the in-house section.
It is not hard to state that such differences are affecting the Corporate Law Firms in India quite a bit as some of the talented individuals are shifting to in-house positions. Now, the main question is why. When it comes to popularity and importance, the in-house legal workers are increasing. This source of work is increasing in demand and even in pay grade.
1.Working towards client’s side of business:
Whenever you are working with the best corporate law firms in India, there are multiple businesses, which you are serving as lawyer. Each one comes with a lot of compromises and demands to be made. But, when you plan to move in-house, then you are working on client’s side. Here, you become the client and begin to instruct the legal firm lawyers.
2.Law firm practice might not provide learning curve:
As per the latest surveys made, lawyers have stated that working 3 to 4 hours in a law firm provide them with the opportunity to work on same task repeatedly without any learning curve. They are not quite learning anything new in this prospect. The points, which were initially stated to be novel, start to feel mundane and repetitive. That’s why people are moving towards in-house segment, keeping the top corporate law firms in India behind as they are always into learning something new in this profession.
3.Enjoy a better lifestyle:
There are multiple lawyers working in legal firms, and they are experiencing tedious lifestyle with long working hours. It will literally leave very little time for the lawyers to spend with family or friends. But, this is not the case with in-house specialized services. Yes, it is true that in-house will pay the top corporate lawyers in India quite less but there will be more work and life balance to consider, in case of the in-house based legal departments.
4.Best alternative when you fail to make partner:
Making partner isn’t that easy. With numbers of lawyers keep on increasing, the post becomes all the more challenging than before. Few lawyers can join entry level jobs in the legal firms and can stick on with it to make partners in the future. If you don’t want to remain just like an associate when your friends are successfully making partner, then in-house service is the best alternative to consider.
5.Lawyers without practice growth responsibility cannot make it big within firms:
Multiple capable lawyers are working with best ever corporate commercial law firm. They will grow but will come to a stagnant point soon enough when they will realize they cannot grow revenue unless they get to attract more clients. It means finding clients and then managing their expectations. It comes with a lot of discipline and whole deal of management that most of the lawyers are not quite excited about. So, it is quite logical to move in-house if you plan to be a general counselor there. There is no need to meet targets or be held responsible for any kind of financial losses.
6.Have to deal with one client at a time:
It is one of the major advantages to be an in-house layer. You get the opportunity to handle a single client at one time and do not have to dedicate the time between multiple cases. It will make the work more simple and realistic in its approach. You won’t get that opportunity while working with a legal firm. You get the chance to research about the case even more and so winning it by your side will be an easier task for you. It can further lead to some of the best works of your career now.
7.More of a complete lawyer:
In a legal firm, the aspiring lawyers get to work in a narrow space with little to no scope of growing. But, in the same instance, moving into the in-house corporate role will provide the same individuals with the opportunity to just leverage skills they have and increase understanding of legal practice, followed by disputes and even transactions in some wholesome manner. That’s why you will find more in-house commercial litigation lawyer rather than working in a legal firm.
8.Get to speak their minds:
Even the most talented lawyers working with the best corporate law firms don’t have their own mind to speak. They always have to be quite diplomatic all the time. Whenever they are communicating with clients, they are likely to use limitations of liability and more. The advice seems always qualified. But, you can avoid all of that by shifting towards in-house category. Here, you can speak your mind.
9.Schedule predictability:
One common complaint from lawyers working in legal firms is that they are always on call. They have to deal with emergencies or even deadlines, arriving at any unpredictable time. This is not the case with in-house lawyers. They can schedule their timing of the case, according to their will.
These are definitely some of the many driving forces behind such changes, which you got to learn more. Log online and get to know more.
