Heard recently that in house counsels with 5-6 pqe from NLS and other top law schools are making more than 60 lakh per annum in Bengaluru. A lot of people from tier 1 have made the switch to in house roles as it offers better work life balance also. Some of them were boasting that they barely work for 3-4 hours daily and still get a fat monthly paycheck. Is it really true? Then why don't more people from tier 1 make the switch to in house roles? Is it true that their career will plateau in house roles and they will get better returns in law firms in the long run?

How much are in house counsels getting paid? Heard recently that start ups are willing to pay insane money for a one man legal team (upwards of 1 cr) from NLSIU with only 5-6 pqe. Is this really true?

I believe at least some of these figures are true. Start ups are willing to throw a lot of money at the right people. They don't really have a proper in house setup and usually hire a one man team to bring the house in order. People with 4-5 pqe are also getting these jobs.