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There are a few bankers in my group who practiced law prior to banking. They’ve said that there is some benefit around reviewing NDAs when managing a sell-side process or having discussions around representations and warranties, but ultimately, most firms will always error on the side of caution in utilizing internal or external counsel, regardless of a banker’s degree or past experience.

 
 
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JD / MBA in finance here.

Working at a MM boutique. Never practiced law full time. Went straight into IB.

No doubt that it helped me get into the industry.

The legal education helped me get up to speed quickly with: - Analyzing and issue spotting various points in business models and growth plans. - Reading / writing intelligently and concise. - Interacting with business owners and understanding what keeps them up at night. - Negotiating purchase agreements (reps / warranties, indemnifications, etc.).

Agree with the above - All firms will defer to their in-house or outsourced attorneys. I am never considered the attorney on a deal. The education generally helps in IB though.

 

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