May 16, 2012

Is it harder to become a partner at a law firm or at a financial services firm?

Just out of curiosity, I am guessing for both roles the banker or lawyer has to prove himself.

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6 Comments

Nabooru

14y

The cock you have to suck at either place is just as hard.

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Authored by: Certified Asset Management Professional - 3rd+ Year AnalystCertified Asset Management Pro

prospie

14y

I think the consensus is that it's harder at a law firm.

At the very least, I'm sure it's a more boring process. That I can guarantee.

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Ravenous

14y

Can't speak to law in detail but it always strikes me as a more long, drawn out process. Finance at least is a quick death if you suck at it and lose money. It does have that going for it. And if you make gobs of money, you'll be a partner in no time. So it depends more on the person as to which is harder.

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Authored by: Certified Hedge Fund Professional - PartnerCertified Hedge Fund Pro

UFOinsider

14y

Best Response

RavenousFinance at least is a quick death if you suck at it and lose money. It does have that going for it. And if you make gobs of money, you'll be a partner in no time. So it depends more on the person as to which is harder.

Basically this. A friend of mine was passed over for partner at one of the most powerful law firms in my area. He made them a shitTON of money, but didn't have the right "social network"....such a thing would not happen in finance, and if it did, you could easily jump ship and get your own department.

Finance is also pretty cut and dry: if you suck, you're out the door very quickly. Lawyers linger on for DECADES in some cases, hoping to get a big score. If I came from a rich/powerful family, I'd have done law, but I don't so finance it is.

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Get busy living

cplpayne

14y

I don't think the demographics of this forum will provide an accurate answer for you

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"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

The RZA

14y

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Is it harder to become a partner at a law firm or at a financial services firm?

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Is it harder to become a partner at a law firm or at a financial services firm?

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