Is Corporate Law worth it?

alwaysamom
Wed, 30 Nov 2011 20:38:42 +0000

You’re absolutely right, Cartera, about many young associates spending wildly when they should be thinking more long term. It truly does close off opportunities for them which is a shame, particularly for those in the U.S. who have such a slim chance of ever making it to partner. The situation is better in Canada, both at the large firms and in-house. Stock options here are still a huge perq and preferred shares and other benefits can very quickly outweigh what is considered excellent compensation at the large firms. I’m not sure what the current situation is at the large U.S. firms but in Canada, most do not have any type of pension plan so it’s imperative for the lawyers at those firms to look after that themselves. Going to an in-house position can result in an amazing savings in that regard because the pension, which can be negotiated along with everything else :), can be pretty great.