Hi all,
I do not come from an IB background and have just applied for a legal role at a bulge bracket bank at what is probably associate level. I have heard and read all the stories about what an IB lifestyle is like at analyst or associate level in general (anywhere from 70 to 110 hours a week at work, on call 24-7, no time for friends, family or relationships etc).
I was wondering if anyone could elaborate on what junior/mid level in-house legal/regulatory roles in IB are like? In particular, if you work or know someone in a role where you are giving legal and regulatory advice on live deals or transactions in an investment bank, I'd be really interested in hearing what the lifestyle is like.
Thanks.
I think it really depends on the legal team you will be joining. I can tell you the in-house legal team at my BB bank does not work anywhere near 70 hours a week.
I have seen internal lawyers work on anything from contract review to making sure the team is in compliance with a lot of banking regulations.
Are you currently a lawyer?
Hi IronChef204,
Thanks for your input. Yes I am already a lawyer. I have worked in law firms before but in the last couple of years, I have been working in-house in organisations that have been have been extremely pro-work/life balance (literally 9-5).
The role I've applied to provide real time advice on deals teams are working on, so I was thinking my hours could mirror those teams rather than in house roles where anything could come your way.
I second IronChef204's comments. When I was in banking, our in-house legal team did not work on anything transactional, we relied on outside counsel for that so their role was limited to engagement letter / contract review and compliance. No one was working past like 6 - 6:30
Sure, mhmmm not. But This role is purely transactional advice and so it sounds like the hours will be longer. Also, the BB bank I have applied to is one where even back office staff work 12 hours a day
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