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Originally Posted by Unregistered
Can I assume that lawyers salary has unlimited upside potential in small firms as time passes ? Or it depends on the amount of business a person can get from their connections? Looking at longer time frame.
A regular corp employee may not get pay increment or bonus or may end up getting retrenched/ fired. Truck load of office politics to deal with within and across depts. Also dunno where the arrow come from.
Do people get fired from law firms?
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I can't speak for most of this post but it also seems that corp has higher barriers to entry in being a partner. Correct me if I'm wrong - I don't think it's possible to get big corporate clients at a senior level easily, unless you're from a brand name firm. Harder to survive as a partner doing transactional work.
Seems like a lot of them move inhouse.
Whereas for litigation there is a constant flow of work.
Can someone elaborate? I am not sure which area is better