Why Associates Are Taking A Pay Cut To Go In-House

Law360 (September 21, 2018, 12:33 PM EDT) -- In-house legal departments are continuing to snag young, talented attorneys from BigLaw firms in spite of a pay gap accentuated by a recent spate of associate raises, with nonmonetary perks luring associates away from law firms and into corporations.

Large companies have increased the size of their legal departments in recent years, with many adding attorneys in-house after the recession in an effort to save on the cost of hiring a law firm. That has made them a significant source of competition for promising, and sought-after, associates.

And even as associate pay has increased at a faster rate than in-house lawyer...

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