Advice for moving from law School to finance
I've been lurking for a while, but this is my first post. I recognize this topic has been explored before, but I need advice pertinent to my personal situation.
I went into law school thinking that I would really enjoy being a litigator, but now I realize that it doesn't really mesh well with me. I've been increasingly more interested in the transactional side, but even in transactional work it seems like the people in finance are doing the kind of work I want to be doing (modelling, equity research, pitches, etc.). I don't have a background in finance (other than reading entry-level books and faithfully utilizing my Barron's subscription), but I am planning on taking the CFA Level 1 exam this December. I want to make clear that I do not care about making money as long as I'm doing the work that I enjoy. I would gladly cut my salary in half to be in a field that I'm passionate about.
I went to an ivy league school undergrad and currently go to a T10 law school with slightly below median grades. I just finished my first year and am deciding between a few big law offers. The two firms that I'm most strongly considering is a v30 firm (basically a top thirty law firm) where I can go into something like M&A or Bankrupty & Restructuring and then get deal experience to transition into investment banking. The other firm I'm considering is much less prestigious, but it is well-known for its investment management work in hedge funds. While I don't think that the investment management work itself will be very useful for finance (seems like it's mostly fund formation / compliance), it would obviously put me in a position to network with a lot of hedge fund people (and a lot of attorneys who leave the firm end up working in-house at a fund).
Basically, I wanted this forum's opinion on which firm to go to. I think going to the v30 firm would help in terms of prestige (I realize it's not that prestigious but at least comparatively), and I would get somewhat useful skills that would be relevant for some ibanking firms. On the other hand, going to the less prestigious but specialized firm would provide amazing networking opportunities with people in the hedge fund industry. In addition, I could perhaps transition to an in-house role at a hedge fund and then transition to a more finance-based role internally. I do think that, right now, a hedge fund is a better fit for me. Even if I went to the ibanking firm, I would probably eventually want to move into a hedge fund.
Finally, I've heard that M&A, distressed debt, restructuring, etc. are pretty useful legal practice areas for finance, but I would definitely be down to hear opinions about other practice areas that may be relevant.
Est tempora enim culpa. Qui aut consectetur magni voluptas provident maiores fugit.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...