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Old 18-04-2024, 02:52 PM
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Originally Posted by Unregistered View Post
OP here, I appreciate that you tried to help. I understand that the "tried and tested" way of going in-house is to get a few years of experience in practice and then moving in-house.

My premise is, however, different in that I think of such in-house experiences as a way to understand legal/operations from the client's perspective (where they focus on the commercial drivers and deal with stakeholders coming from different backgrounds- e.g. management, commercial teams, technicians such as engineers, etc.) which is contrasted from the regular trainee/assoc-partner relationship and dynamic.

My thinking is that gaining experience in such a setting (as well as developing a working relationship with the in-house team there which you could hopefully bring back to your firm) will stand you in good stead for private practice in which you can be distinguished from your pure pp peers who have no such experience, or alternatively give you the chance to move in-house from then on.

My questions (1) and (2), and particularly (2), therefore relate to the above premise which would be helpful to all involved.

This is especially prevalent in that future PTC trainees can now seek in-house stints as part of the PTC requirement. So, as someone interested in potentially taking up that path, I was curious if anyone has heard of how law students/trainees in particular have managed to land such roles (in contrast to young assocs who have worked with such in-house teams in their capacity as external counsel, and thereafter move to join them).
Depends on the department / firm.

If you are in a local firm, the runway to Partner is short, and inhouse stints may result in PQE cuts. Less so for intl firms. Generally, the mindset is most law firms is still that 100% practice is the way to make partner.

However, depending on practice area, from a substantive/work pov, inhouse exp is likely to be very useful for more "operational" and/or "specialised" fields, and less useful for more "project-based" fields. For instance:

Disputes - inhouse exp is not useful at all
M&A - limited use, unless you are inhouse in a company that does M&A on a regular basis
Funds - prob quite useful, as fund structuring is all about the underlying commercial considerations
Finreg - useful, as alot of Finreg is about understanding the business and how that relates to regulations
Projects - prob quite useful to understand the underlying commercial realities

You probably also can take max 2 yrs inhouse before firms consider that you are too detached from practice
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