When an attorney is searching for a position and choosing what type of law firm to work in, they have two options: (1) they can work for a law firm serving primarily individuals, or (2) they can work primarily for companies. Law Firms Serving Companies pay more because companies have more money to spend. Therefore, these law firms often work more on the same matters because clients will pay for it. Salaries are higher. Because companies expect their high billing rates to be matched with attorneys with certain backgrounds, class rank, law school, and similar qualifications are more important in law firms serving companies than in those serving individuals.
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