I was looking at some Associates at Lazard....

A lot of them came from Harvard Law school--more than other IB's. I wonder why? A number of these Lazard fuckers worked in a top law firm for a few years after law school, and then moved into Associate at Lazard.

I wonder how they made the transition? The profiles I was looking at did not have any financial background, either.

EDIT: Why my post got so many shits?

 
Best Response

Don't know too much about this beyond a few connections I have in the law field, but some investment banks do hire former attorneys who have M&A legal experience. When you think about all of the steps, legal documents, and minute details that go into many IB services (M&A, IPO, debt raises, etc.), it makes sense. Actual IB work is not rocket science, anyone can learn it, so why not diversify the talent pool by taking someone who can add a ton of value from a different angle?

That is my assumption behind hiring former law school grads, but I could be totally wrong...

 

Thanks for that info. I'm thinking about T6 to IB, but everyone tells me that's a bad reason. But T6 has a better shot at IB than M20, in my opinion. I was looking at HBS and even they only had like 25% in financial services. I mean, I'm sure its mostly due to self selection--mostly. I think that T6 law would be a better shot, b/c if you miss IB the first time (After graduation), I can get a BigLaw job and work into M&A or restructuring and then make a move into IB .

 

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