Q: I’m a seventh-year litigation associate and want to retool my practice so I can move in-house. I’ve been offered a corporate position at another firm, but as a 3rd year. Do I take it or wait for a better offer?

A: Congratulations on your offer—earning the opportunity to retool your practice is not an easy accomplishment. But a four-year seniority and compensation hit is not to be taken lightly. To determine whether accepting the offer is the right career move, it will be important to analyze and weigh several factors before making a decision. While the number of in-house litigation opportunities has increased, the overwhelming majority of in-house opportunities require a transactions background—either in tech/commercial transactions or corporate (with privacy emerging as hot practice). So if you would like to increase your future in-house options, developing a corporate transaction practice is a good career move.

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