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In house positions and companies job security
Posted: Fri May 26, 2023 10:40 am
by futuresuccessstory
I’m a big law associate looking to transition to in house. What are some companies and positions that have job security.
Re: In house positions and companies job security
Posted: Fri May 26, 2023 1:10 pm
by Anonymous User
In this economy, nothing is super safe. Big tech, banking, etc. all had layoffs
(accidental anon, this is hangtime)
Re: In house positions and companies job security
Posted: Fri May 26, 2023 3:50 pm
by nealric
futuresuccessstory wrote: ↑Fri May 26, 2023 10:40 am
I’m a big law associate looking to transition to in house. What are some companies and positions that have job security.
No company is ever going to provide complete job security. Even financially strong organizations do layoffs these days (just look at tech). The best way to insulate yourself is 1) becoming as indispensable as possible, 2) having a good relationship with your boss who can advocate for you when it's time to cut, 3) having good relationships outside your company who you can turn to if you do get laid off (or think you might be soon).
As an aside, most people who I've seen laid off got in-house received warning signs they ignored at least ~6 months in advance (usually a bad or mediocre mid-year or year-end review). If you see those signs, especially during a time the company is looking to cut costs, it's time to start looking before the hammer falls.
Re: In house positions and companies job security
Posted: Fri May 26, 2023 7:12 pm
by jhett
futuresuccessstory wrote: ↑Fri May 26, 2023 10:40 am
I’m a big law associate looking to transition to in house. What are some companies and positions that have job security.
This is not the correct way to find an in-house job. Out of many reasons, first is that there are way too many companies and positions out there that without any indication of your practice area, industry preferences, geographical preferences, etc. no one will give you a very good answer.
That said, some things that you can look into when considering an in-house position:
- Why the position is open
- How has the size of the legal department changed over time
- Where former lawyers have gone on to (e.g., bigger and better roles, to competitors, back to a law firm)
- Information in SEC filings (e.g., 10ks)
- Financial and hiring trends in the industry of the company
- How do you move upward within the company