In-house lawyers are being paid significantly more since 2021, according to legal recruiter Major, Lindsey & Africa’s 2024 In-House Counsel Compensation Survey.
Aspiring lawyers may not need to worry about having AI skills just yet, as only 2% of law firms and in-house teams require their new lawyers to have AI skills , according to Thomson Reuters Institute’s latest report on AI. However, as the use of generative AI continues to grow, it’s expected to become increasingly common for employers in the legal sector to hire candidates with AI familiarity and skills.