With more than 1100 corporate law departments in the city, it is expected that for candidates seeking in-house corporate attorney jobs, New York City remains the ultimate career destination. Despite the high living costs that consume almost the entire earnings of young attorneys, New York City offers unrivalled long-time career growth prospects for corporate attorneys seeking in-house positions.
To accommodate the requirements of in-house corporate attorneys and other in-house counsel and general counsel, the State of New York Court of Appeals changed the Rules for admission to the bar in 2011. In response to a joint petition made by all three relevant bar associations in New York, the Court of Appeals added Part 522
. to the Rules to permit attorneys in good standing in certain other U.S. jurisdictions to act as in-house counsel for a New York organization "without satisfying traditional admission requirements.
New York City has employers with some of the biggest corporate law departments in the country. Employers like Time Warner Inc., Warner Music International, Goldman Sachs, SunAmerica Asset Management Corporation, AIG Global and etc., employ hundreds of in-house counsel for regular work. Further, the presence of Wall Street in Lower Manhattan and the huge number of foreign companies in the city seeking to establish their presence in USA add to the numbers of opportunities.
As one of the three financial command centers of global economy, along with London and Tokyo, New York both creates and destroys economic trends, and with consequent complex legal requirements, openings for in-house corporate attorneys in New York
keep growing every day.