<p>alwaysamom,
Thank you for the input!</p>
<p>I agree that the points on the list are generalizations, and that there are certainly many exceptions to those statements. However, I think that particularly in markets, such as NYC, where profits per partner at top firms may exceed $2 million per year, it would be exceptional for a GC to top that partner income. In addition, in many cases where associates at law firms are making over $200,000 per year by the time they are fourth year associates, when moving in house, those salaries often take a haircut. In fact, just yesterday a friend of mine accepted an offer to join the law department of a Fortune 500 company at a salary of $130,000/year plus a potential 20% bonus. My friend had been making over $300,000/year as a senior associate at a NYC law firm. That is just one example, but seems typical of the experience here in the NYC area. </p>
<p>In addition, when compared to the 2200+ hours a year associate positions in NYC, where those dreaded Friday afternoon at 4pm phone calls with weekend assignments are all too common, I think that in house hours are generally more predictable. Now, that doesn’t mean that there aren’t some late nights involved in in house work, because they do happen, but in house attorneys often know when to expect those kinds of hours to crop up. </p>
<p>Just my two cents . . .</p>