Using legal knowledge in IB
Has anyone who worked in the legal industry made the move to investment banking? If you have, does your legal training/legal experience help you in your investment banking role?
Has anyone who worked in the legal industry made the move to investment banking? If you have, does your legal training/legal experience help you in your investment banking role?
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Career Resources
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.
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.
Did you know anyone in law school that had a background in IB pursuing a JD/MBA with goals of corporate law? Have heard more people go from law to banking then banking to law
Not that I went to school with, but a good friend of mine.
Went from MM (think HL, HW, Baird) to practice in business law and commercial finance.
Were they happy with their decision? Did they face any career backlash / probing questions?
I've been interested in a JD/MBA for awhile- how was your experience? How much do you think it differed from a tradional experience (Had you done each seperately?)
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