i heard in house counsel make good money, not as much as some private firm lawyers, but still good $$. i know a girl that did an internship such as yours and it brought her into contact w/many other private firms. during her 2nd year she interviewed at a BIGLAW firm for a summer associate position. this BIGLAW firm did business with the firm she worked for. since they knew her from her 1L summer, she had sort of an "in" and an advantage other students who interviewed did not. she was from a T4 school too. she got the job and the firm is known to hire its associates. this just goes to show how important networking is. i say you're definately better off working there. take advantage of the opportunies, shake evyerone's hand and make sure they remember you. in the fall, call all those attorneys you met and request an interview.