Why Move In House
Some legal professionals really enjoy the
technical aspects of the law and becoming a specialist in their own
chosen discipline. As their reputation grows, they accelerate
though the ranks and tend to deal with more complex legal issues or
legal transactions, possibly leading a small team of more junior
lawyers - all ultimately striving for Partnership. The system in
Private Practice is often more defined and tangible and you will
often move from trainee through to assistant solicitor, associate
and managing associate status.
Influence
Partnership, however is not for
everyone. Some solicitors look to measure their progression and
career development in terms of their increasing influence and
commercial involvement. Industry potentially offers opportunities
to become a part of the direction and strategy of a business,
ultimately affecting its success. As you become more knowledgeable
and experienced, you are likely to find your opinion is more often
sought by increasing sections of the business, senior management
and board members. You may not witness as many transactions as you
would working in Practice, however it's likely that you will be
more embedded in the ones you are involved in.
Variety
More often than not, by opting to work
In House, you may have to sacrifice your legal speciality in favour
of a more rounded and varied legal caseload - however the rewards
can sometimes be extremely fulfilling and can often offer greater
choice in your legal career. Practice is viewed by some solicitors
as quite restrictive which harnesses you to your own area of
specialism. This in turn restricts your freedom to "dabble" or
experiment in fresh areas of Law that you may ultimately wish to go
on and specialise in.
Moving In House is not all about
getting away from the timesheets and billing. Some In House
departments actually use "virtual" time recording, which is often
used as a clear indicator of the added value and cost efficiency of
an In House Legal team. Moving In House ultimately brings you
closer to a specific business, makes you more knowledgeable about
your individual business sector and often results in more balance
and variation in your working day. This variety brings choice
and choice in turn opens up more opportunities.
Balance
Workloads, deals and transactions tend to be less sporadic In
Industry and can be more easily anticipated and planned. This in
turn helps minimise the disruption to a lawyer's personal life.
Moreover, home working, working from satellite offices (perhaps
more conveniently located) part time or reduced hours, are more
common. Whilst In House does not represent an "easy-option", it
offers a little more flexibility as a rule, which can sometimes be
easier to balance your personal and professional life.
Can I work In
House?
The skill set still most actively sought
remains non-contentious Company Commercial, but it is clear there
is an increasing demand for other skill sets as businesses
recognise the advantages of retaining their legal work In House.
Over the last Decade, we have seen an upturn in the following
skills:
- Litigation
- Employment
- Commercial Property
- Pensions
- Intellectual Property
- Data Protection
The future
It's not for everyone but most Solicitors who
make the transition rarely return to Private Practice, even though
they are often regarded as extremely attractive propositions should
they decide to do so.
For a confidential conversation please
contact Steve Shakespeare, our Industry Divisional Manager on 0113
245 3338 or email at steve.shakespeare@saccomann.com
A CAREER IN
HOUSE
What can I
expect?
As with different firms of Solicitors, In
House Legal departments vary enormously and it's therefore a little
difficult to generalise. However, as a rule your legal and
commercial advice will be sought by the business and internal
clients on a more varied collection of issues.
This interest in, greater knowledge of
and commitment to "the business" is often the main rationale behind
a solicitor or barrister's motivation to moving In House, allowing
you to have more direct involvement with the business throughout
the life cycle of the issue at hand.
If you enjoy the more rigid parameters
and hierarchical structure which are often associated with working
in Private Practice, you may not enjoy the more fluid and lesser
defined nature of working In House. If however, you are driven by a
strong desire to work with both legal and non-legal professionals
in a commercial sense - away from being a "Black Letter Law"
specialist - you will probably thrive in an In House
environment.
How do I develop my
career?
Clear and tangible career progression
in Industry is more subtle in comparison to the hierarchical system
associated with Practice. That said larger departments do require
structure and management, which can create opportunity to
develop.
Nevertheless, given that the majority of legal teams are relatively
modest in size, an indication of progression and development can
more often be measured by increasing involvement in policy
decision. You can't expect to have the ear of the Chief Exec when
you are only a couple of years into your career; however as your
experience and business acumen grows, so too will your ability to
influence corporate strategy.
Can I move back into
practice?
Allowing for the fact that a small
minority of lawyers do miss the Practice environment, an
understandable question often asked is how your application would
be viewed having made the transition and whether you can transfer
back?
The short answer in many cases is - definitely. Private Practices
often positively welcome candidates from Industry, working on the
assumption that they can openly empathise with their prospective
clients having been "on the other side". Being able to understand
the issues facing a business, having had first hand experience of
working In House is a fabulous marketing tool!
Salaries &
Benefits
In years gone by, it was generally perceived
that In House Lawyers were poorly paid in comparison to their
Private Practice peers. Whilst some will argue that was not always
the case, it's certainly true that nowadays the two sectors are
more in harmony, especially at the lower and mid tier levels
of PQE.
Alongside a competitive basic salary, a role
in Industry is often accompanied by a bonus, company car, share
scheme and (sometimes) "bespoke" flexible benefits. This means you
sometimes chose your benefits to suit your own personal
circumstances, which can actually make your package more
efficient.
Admittedly, roles in Industry offering salaries north of
six-figures are rarer than those in Private Practice. However
dividing your "hours worked" by "salary earned" can make
interesting reading and, using this formula, its often the case
that Solicitors In House are relatively better paid than their
Private Practice peers.