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Does it relate to your practice area? Do you plan to make a bunch of contacts through your research?

If you just want a job - then start with tier 3 firm - not college.
Depends on where you are located and what you want to achieve. If you want a job at Jindal, BITS, NLS etc then a Tier 3 PhD won't cut it. For a T2 NLU or a smaller private college it might be fine.
Can I later move to tier 1 based on publications and work experience at t2 ?
You can. But most T1s have very few openings at higher levels. Beyond associate professor it is almost impossible to move from outside unless you became very renowned in the field.
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