Top 5 Reasons Lawyers Are Moving In-House
04 Jul, 20244 minutesToday we're diving into the top five reasons why many legal professionals are making the switch from private practice to in-house roles.
1. Career Progression
Private practice often pushes lawyers towards the partner route, but in-house roles offer a diverse array of career paths. From starting as a legal counsel, one can climb to senior legal counsel, associate general counsel, head of legal, and eventually general counsel. Even higher, there are opportunities for chief legal officer positions, board roles, CEO roles, and more, particularly for those with a knack for business and entrepreneurship. This variety is a significant draw for ambitious lawyers seeking more than the traditional partnership track.
2. Pursuing Your Passion
Many lawyers start in the legal field with a vision, only to find themselves yearning for more meaningful work. In-house roles allow lawyers to join companies that align with their passions and interests. Whether it's technology, renewable energy, or media, working in-house can enable lawyers to contribute to projects they care about, providing a sense of purpose and fulfilment that is sometimes lacking in private practice.
3. Broader Commercial and Business Understanding
In-house lawyers aren't just legal experts; they become integral parts of the business. Working closely with finance, sales, HR, and compliance teams, they develop a comprehensive understanding of the business landscape. This broadened perspective enhances their commerciality and business acumen, making them invaluable assets to their companies and more versatile professionals.
4. A Better Work-Life Balance
One of the most appealing aspects of in-house roles is the improved work-life balance. Unlike the often rigid and demanding hours of private practice, in-house roles tend to offer more structured and predictable schedules. While some sectors, like financial services, might still demand longer hours, many companies, especially in tech and media, provide flexible working arrangements. Post-pandemic, flexibility has become a crucial factor for many professionals, making in-house roles even more attractive.
5. Variety of Work
In-house roles offer a diverse workload, allowing lawyers to engage with various aspects of the business. From commercial contracts and compliance to data protection and employment law, the scope is broad and dynamic. This variety not only keeps the work interesting but also helps lawyers develop a more well-rounded skill set. The exposure to different legal and business areas can be particularly beneficial for those who enjoy continuous learning and professional growth.
Transitioning to an in-house role isn't just a career move; it's a lifestyle change. The shift offers lawyers the chance to follow their passions, achieve a better work-life balance, and develop a broader professional skill set. If you're considering making this switch, stay up to date with our content here, on the website and on our socials where we'll share top hacks and strategies for successfully landing an in-house position.