I've seen some profiles on LinkedIn of guys from GS/JPM/MS IB which ended getting into biglaw. For those of you which may suit this category, why? And for those of you which not, how would you rationalize such move?
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People don’t go IB to BigLaw. They go BigLaw to IB, usually with a JD/MBA.
It’s less common but that’s because
a) few ppl want to back to law school (those who don’t have law degrees)
b) banking is similar / better comp with some light and the end of the tunnel on lifestyle.
Have seen a few people who absolutely hated finance go back to law school after a year. Honestly I think part of it is these people felt comfortable in school and law school is another prestigious ladder to climb. Biglaw is just as bad as finance, even worse to some degree because you have so much debt/opportunity cost from school and the exits pay poorly.
They start at $215K+
Sorry I meant exits from biglaw pay poorly - if you want to work lower hours there's not a huge universe of opportunities that still pay decently like there is in finance
Oh ok I get what you’re saying. Although most big companies (non-law firms) have legal teams that need general counsel. The hours are lighter.
In general though law is incredibly boring.
I would disagree. I’m not a lawyer.
I think the traditional law JOBS are boring but the law is actually fascinating because it’s all about ambiguity. Just like markets.
So in law jobs maybe you find them to be 20% fascinating and 80% boring.
Just the idea that your best argument is that I’m a retard says all I need to know.
Also, you’re missing the point which is that the JOBS are boring. But the ambiguity of the law itself is fascinating.
Pick your poison: Patent cases. Cases over failed m&a. Whatever. If there is risk that the market doesn’t understand how to price, there is an opportunity to make p&l in markets. That’s what I love.
If you want to try to tell me or anyone else on here that all of those cases price at 100% certainty or that markets are perfectly efficient, feel free.
but I’m saying as someone who never attended one minute of law school, they there is a a whole lotta money to be made by assessing risk others can’t understand and legal matters can be one type of that risk.
You can disagree but that doesn’t matter to me. I’m perfectly happy with as many people being oblivious / ignorant as want to be.
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