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After an in house role, you may start from Tier 3 law firms, and then network and upskill your ass off to get back into Tier 1 law firms.
I was just thinking that isn't the salary difference too much ? I am starting at a tech company at a package of 8L as assistant legal counsel, how much will I be earning in say 3 years ?
As far as really learning how to interpret the law, how to run a business, how to lead a sane life - these only came from my time in-house.
So if you work on developing discipline, polish and clean drafting while in-house, I am not sure you'd even need to move to a law firm. Don't fall into the trap of thinking law firm jobs are more worthwhile or glamorous. They are absolutely not.
I will be paid 8L per year. How much can I expect my pay to be in 5 years ? If you have any idea about the pay structure? I am sure it would be different for different companies but still if you can give me an approximate ? thanks again!! :)
You can also obviously get bigger raises by strategically switching companies over time.
I really would not start a professional career by looking at projections of 5 year salaries. You still need to discover what you like and what you're good at (and they may not even be the same thing). If 8L is enough for you right now, why not go for it, learn as much as you can, give it your best and see what happens next?
Also, did you get the position through campus placements or was it a personal endeavour?
Having said that, some time at a firm will do you good before you start in-house. Mostly so that you learn how to negotiate, what to fight on etc.