The past few years have seen dramatic shake-ups in private practice, including mass layoffs and significant salary cuts. The recession has made a rough go of it for many attorneys practicing in law firms, but has it been any easier on in-house counsel? Certainly, the economic downturn has forced in-house lawyers to stretch progressively thinner legal budgets while still retaining quality outside counsel.
In addition, a recent study by Hildebrandt Baker Robbins found that the rate of base salary increases for in-house legal counsel continues to decrease.
