Comments (13)

Nov 12, 2007

EXTREMELY different firms. Are you familiar with the difference between economic consulting and strategy consulting?

Grad school placement (law, b-school, and econ grad) from any of the top litigation shops (NERA, CRA, Cornerstone, etc.) are all extremely strong, and I'm generally inclined to believe that people that work there are much smarter than people at the Deloittes and Accentures of the world. The work can get very tedious though, if you're averse to statistics and research work.

Nov 12, 2007

I realize that one is management consulting and one is economic, but I am thinking which down the road will open up more doors.

From what I have seen, Deloitte seems to do more implementation work than actual strategy. Due to what I perceive as a heavy focus on implementation I think the work at NERA or any other top litigation shop would be more interesting than Deloitte.

I would be interested in other people's views on the same subject. Thanks.

Nov 25, 2007

anyone know what the exit opps are like coming out of an econ litigation shop like NERA if one does NOT want to go to grad school? How easily would one be able to join a sell-side trading desk/ Hedge fund / possibly PE?

Nov 12, 2007

Only know of 1 that made the jump straight to buy-side (PE). But don't know actually know of too many that want to. As I've said before, economic consulting places extremely well into top MBA programs, and I imagine that would help down that path. One thing is for sure - nobody will ever question your "quant" skills after a few years in litigation consulting.

Make sure you get staffed on finance/valuation/transfer pricing cases. I'd also imagine this transition is much harder if you're working in Antitrust / Intellectual Property.

Nov 26, 2007

what about small no name litigation consulting shops? Do they place well into bschools? My cousin works in a 20 person shop in Chicago and wants to go to bschool.

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Nov 12, 2007

No. They probably still place pretty well into econ/math/stat graduate programs since the managers will have a lot of connections in academia, but B-schools and buy side opps will be a lot harder.

Dec 2, 2007

Is it really hard to get into top litigation consulting shops...? Just asking. Of course it's hard, but how competitive compared to IB?

And another question...which side if you're planning to do corporate law...? Yes, it's not leverage into law school, but it might be leverage into a law FIRM.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Dec 2, 2007

And yes, mainly transactional practice.

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 12, 2007

Yes, law firms will like the experience, but if you end up at a top school, you'll get a good firm job even without any experience. It will help if you're trying to go to one of the selective govt programs (DOJ Antitrust, SEC), get a firm job your IL Summer, or get a firm job from a less highly ranked school.

Nov 12, 2007

Also, it is pretty hard to get in, but in a different way. Firstly, lit consulting shops are TINY. Even the biggest offices will only have class sizes of 6 new analysts per year. The ratio between resume drops/offers at my (pretty well regarded) school is 100-1.

With that said, they are looking for different things. They want you to have good grades in the right classes, interested in going to graduate school at some point, and to know what their work is like - so things like writing a sr thesis or researching with a prof are looked really highly upon.

Depending on the firm, they also have case interviews (Cornerstone has ONLY case interviews) to test how well you're able to quickly structure lines of analysis.

It is much less random though. A really highly qualified kid might have go through a lot of IB interviews, even if s/he's a star. But if you've set yourself up well, you will get offers from everywhere you interview with.

Dec 2, 2007

I'm guessing an econ major's okay here...?

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-

Nov 12, 2007

Yes, but within the major, make sure to take more "quantitative" classes - financial economics, econometrics, industrial organization. Accounting is not at all required, but it helps.

Good luck!

Nov 12, 2007
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