Can I apply to a firm I'm currently working with?

I'm currently working part-time in PE while I'm at uni. On one of the deals i'm working on the other side are being advised by a small boutique - if I apply there and name drop the people I'm working with (director level), am I risking losing my current job through some sort of conflict interest? Also, do you think there is a chance they will tell my current manager I have applied there (if HR contact them), risking my job?

 

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