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  #15698 (permalink)  
Old 28-01-2022, 09:26 AM
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One drawback I can think of with increasing salaries is that the disconnect between private practice pay and inhouse pay, if one goes in house, will be wider than it is now.

This is thinking more for the new batches of lawyers and doesn't affect me since I'm not in that category.

When I moved from a Big 4 to inhouse, I took a considerable paycut. With expectations set to be drawing approximately 7k for NQ right off the bat and 10k for 3 PQE, you'd take an even heftier paycut if inhouse salaries don't match. Plus the annual increments are nowhere on the level of private practice.

To the juniors: save and/or invest your salaries well right at the outset, in order to set yourself up for transition to inhouse, should you decide to.
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