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1) I learnt the business side of things, which was very refreshing. My Legal Head encouraged me to talk with the business team before beginning to draft any contract/agreement.2) The exposure was immense. Legal teams in companies tend to be small. I attended a few meetings with the CEO and CFO. This was also due to the fact that the company I was interning at was a Mahindra subsidiary, and hence every team was small in general. But generally too, legal teams in-house work directly and constantly with the business heads.
3) However, the quality of people who I worked with was...bad. To say the least. Apart from the GC, the Assistant GC, and the Legal Head, the legal managers in the team were subpar at best. They did not have any working knowledge of law, in general. Some of them were put there by their campus recruiters and some had absolutely no experience apart from in-house jobs in their lives which stunts a person's growth. Many a times, the GC would directly assign drafting to me. But this in no way is to say they were bad people, no one had better knowledge of the business than them. My GC told me this is the exact reason why he needed people like the legal managers in his team so that they help him with "business legal" and he does the "contractual legal" stuff. Which is a pattern I have seen in most companies apart from some tier-1s. I personally found no intellectual stimulation there.
4) The starting salary was dehumanising. The place I interned at paid 3.4LPA to freshers. That threw me off. Tech Mahindra pays some 6-9LPA for freshers, Wipro pays 10LPA, my point being, it does not go beyond 10LPA unless you're in ICICI Bank.
That being said, I was the happiest in those months when I interned. After coming from a brutal tier-1 internship where 1am and 2am was the norm, learning about the business, having team lunches, doing impactful work and being involved in substantial stuff was refreshing to say the least. AND I GOT STIPEND MORE THAN ANY LAW FIRM EVER PAID ME!!??? It made me consider whether I should actually fcuk money and live in peace. Yes, it is an average life (compared to a law firm - money wise), but it's not bad!!!! If you stick by the right people and know your stuff, you could get promoted pretty fast. My GC told me that the trick was to jump ships fast and efficiently early in your career and build and expertise slowly. For eg, if you start out at Tech M, you could move on to Infosys and then on and so forth, basically in the IT/Service/Software legal industry.
I believe, the choice is between money and sanity. Choose wisely and never feel inferior for doing in-house. You're doing a job at the end of day ffs, you're employed. what does one even need in this economy?
If you want a decent work life balance, stability in work and are okay with less pay then you can totally consider. However if you wish to grow as a professional and earn well then stay away.
Enough ranting for today. Thanks for reading!
Is it easy to shift from one company to another?
Is career progression very slow?
(P.S.: 4+ PQE, Delhi law faculty. Pretty sure, many people will have different opinion on this.)