Law Firm VS In-House Counsel in Toronto

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Law Firm VS In-House Counsel in Toronto
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(No Transcript)
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To craft a career as a legal professional in
Toronto, there are generally two options in
a Toronto law firm or in-house counsel, and the
decision to make the right choice is tricky.
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If you are also someone with the same confusion,
then consider the following points to get a
clearer picture of what you actually wish to do.
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1. Area of Interest
Realizing your area of interest is the foremost
step you need to work on. In other words, give a
though over whether you like mergers and
acquisition or media and entertainment.
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In case you are inclined towards the initial one,
then joining big law firms in Toronto will be
advisable since they have an entire vertical
dedicated to this.
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2. Work Profile
Secondly, it as well depends on the type of work
you prefer. An in-house counsel involves guidance
and working on a number of topics to various
teams.
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This means one has to be quite knowledgeable in
various law topics. Furthermore in in-house
counsel one requires maintaining different
databases, presentations and reports to keep a
close track of work.
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However in law firms, despite the nature of work
being almost similar, everything is more focused
in terms of legal matters. 
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You can also assume that an in-house counsel has
to be the Jack of all trade while the later can
be the master at one.
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At times it might happen that an in-house counsel
go to a law firm if need arises but never a law
firm will seek help from the previous one.
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3. Growth Scope
Whether you are a part of a law firm in Toronto
or an in-house counsel, there will be growth in
both the areas but there will definitely be a
huge difference in terms of salary.
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Moreover, in case of law firm, it will also
depend whether it is a big name or just a
start-up. Unlike established brands, in small
firms one gets to learn a lot of things since
employees are less and multi-tasking are required.
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Comparatively, in the latter one, pay can be less
but learning opportunity is more. So, the
decision is completely up to you, whether you
wish to associate yourself with a big name or
take the golden chance of learning multiple
things from one place.
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Remember one thing if you are good at what you
do, you will not take much time to climb the
success ladder. Hence it is imperative to make a
wise call.
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On the other hand, even though the salary of an
in-house lawyer is not that lucrative, s/he has
the scope of switching industries.
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Say for example from a media company to a telecom
one. If desired one can also join a law firm in
Toronto, in the future.
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So basically, the actual point is whether you are
a part of a law firm or an in-house lawyer, if
you have the right set of skills with sufficient
knowledge on law,
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nothing can stop you from enjoying your job.
Plus, dont join a company just for the sake of
comfortable timings, for that is a myth. 
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The Original Source is Here https//lawfirmstor
onto.wordpress.com/2020/07/07/law-firm-vs-in-house
-counsel-in-toronto/
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Chand Snider LLP
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