I'm a lender side debt finance associate at a mainstay Wall Street law firm. Curious if anyone has insights into the IBD/MBD legal roles at GS as advertised on the GS career site (hours, pay, hiring, typical responsibilities, etc.). Would be interested in learning about any similar roles at banks / funds that are closer to deal execution rather than general counsel positions.
15 Aug 2020
Granted it's hard to make either of them, but... 1) assuming dealing with the same person in terms of smarts, ability, schools and they're guaranteed to get into good firms in both - what's more likely, to become an MD or a Partner? 2) top rainmakers in each can get 4,5,6,mm+ but for a middle of the pack partner at one of the top 30 firms with profits more than 3mm per partner, or an MD at a BB in IBD, which has better pay? 3) which has better hours, lifestyle, and job stability? I know the two spaces are very different, that bankers think lawyers are boring and the work isn't exciting, and
07 Feb 2021
TLDR: Law student at top school with no background in finance interested in learning whether lateraling in may be an option after some time in biglaw. Hey everyone! Just finished my first year of law school and am about to start a summer associateship at a V10 firm. I'll be working on the transactional side, handling M&A and securities (from what I understand; the COVID crisis has put much of that work on pause). I've known that I wanted to go to law school since high school and am happy to be here so far. Loving the material and looking forward to the next couple of years of school-which is
27 Jun 2020
As many of you know, I was a former corporate lawyer at a large law firm, who networked his way into a MM bank without an MBA, and later transitioned into a Bulge Bracket, where I continue toiling my days away. Since I've responded to many friends and fellow monkeys regarding this topic (and because I've found existing threads threads to be lacking in sufficient guidance), I thought I would share my two cents on how to transition from law into banking: Step 1 - Why? The biggest question I ask all prospective candidates is "Why?" And this is a question that you have to ask yourself before you
27 Mar 2016
This post aims to collect some empirical evidence regarding how lawyers (probably from biglaw) make the switch to PE. If you have an ex lawyer at your fund, what was his/her path? Also, if willing, what is the AUM/strategy of the fund? Suggested structure and example: 1) Undergrad 2)????? 3) Law School 4) Etc. 5) PE Example: 1) Undergrad 2) Law School 3) Biglaw M&A 4) IBD Associate/VP 5) PE (Associate/VP/etc.)
16 Mar 2015
Hi all. This is a bit of a niche question. I'm considering whether to make a move to PE from biglaw, and I'm wondering if anyone has any insight. I'm in intellecutal property law at a pretty reputable firm in NYC. While I enjoy what I do now, which is primarily litigation, some of the more interesting work I've done has been on the M&A side of IP. Also - to be candid - part of why I'm considering a move is that biglaw salaries usually max out at a smaller amount than PE does (assuming you make partner in a biglaw firm, which is difficult). Furthermore, a lot of people go in-house after a few
07 Mar 2019
This site is pretty much the suicide hotline for those about to even question whether law school is for them, so here it goes... I'm a business/accounting undergrad with a solid GPA and gmat scores to get into even the best programs... though my undergrad school is a non-target, I have a Big 4 firm to back my accounting stint as a somewhat credible way to enter the workforce. I also will soon receive my CPA and recently passed the CFA level 1 this june (if any of that stuff matters). Point is: I think it's fairly realistic for me to get into a top 10 (at the very least, top 20) MBA program
03 Sep 2014
What are elephants and zebras? What are elephants and zebras? What are elephants and zebras? What are elephants and zebras? What are elephants and zebras?
19 Nov 2019
It's known that finance is generally more lucrative than law. But by how much? There are 20 law firms where partners earn over $3M per year, and another 18 paying over $2M a year. There are various botiques (ie, Susman) that go even higher. Are there many PE/IB positions paying more? Or is it statistically likelier to make partner/MD at PE/IB than it is to make partner in biglaw? Is the real difference more at the associate level? Obviously the most successful HF guys are making enormous amounts. But a WSO post (I can't link yet) says DE Shaw was only paying analysts $240K. That's less than a
08 Sep 2019
Big4 Transfer Pricing in large US market --> Big4 Business Valuation group --> Top10 law school and/or MBA --> V10 NY law firm/BB finance I know that lateraling into a Big4's Valuation group isn't a cakewalk, but is it reasonable to think that coming from TP (which is largely focused on valuation itself) would make it more likely? I already have the GPA/LSAT for a T10 law school, MBA would be a much tougher go but if I were going to LS already I would probably shoot for a joint program anyway. If I went with the law route I envision either staying focused on Tax/valuation/TP or going the Securities Law/Capital Markets route and then gunning for a move into an FS industry position after a while. With an MBA who knows what would happen.
26 Oct 2011
--I'm a first year associate at a large, market-paying, but not very prestigious law NYC law firm. --I went to Columbia Law and took mostly corp. / securities / tax courses. Had a median GPA overall but did very well in the courses listed above. -- I went to a T25 undergrad and majored in econ. My overall GPA was 3.8 and my econ GPA was 3.95. I took four semesters of calc as well as linear algebra. Is it possible for me to get an associate position at a BB? Would it be worthwhile to take the GMAT just to give banks a useful metric? How would I go about applying? Thanks.
11 Jul 2011
Hello everyone, just joined here, been lurking on and off for a while. Anyway I'm a first year student at at T14 law school looking for a summer job. I'm 99% sure I want to do 5-8 in biglaw then move into finance (assuming I don't make partner...) I did fairly well grade wise my first semester (roughly top 1/3). I've already applied to SA positions/interviewed at a few biglaw firms, but those are next to impossible to land as a 1L. I've also applied to internships targeted at law students at a few hedge funds/BBs, and some more general corporate law positions, but those are pretty uncommon as well.
17 Feb 2013
Currently a 5th (Final) year student at a top Law University (pursuing LLB) in India writing CFA L1 (Dec) this year, have previously interned with Deutsche (as an analyst intern in DCM, but mostly did Legal work like drafting agreements). The internship didn't translate into a job because headcount issues but ever since I have been trying to get another internship/analyst positions in other banks (both backend and front-end), but no success. Anybody else who has made this shift, specifically in India? At this point, even landing an interview with an IB seems next to impossible. And I have been
19 Oct 2018
I am a current second year M&A attorney at a large law firm. I attended at t25 law school and have degrees in economics and marketing from a good state U. I have had my fill of biglaw and want to make a career move. I was recently offered a Transfer Pricing position at a Big 4 (PwC/Deloitte) and would come in as a Senior Associate. I am 29 and would eventually like to transition into more of a business position (IB, PE, consulting). Does TP pigeonhole me to tax/TP? I am CPA eligibile. Before anyone goes in on me, I understand that TP is not a bad gig but I have other options as well and want
02 Apr 2016
Hello JDOasis Community, I am currently an analyst working at a financial regulatory organization. My job is basically at the intersection of finance and law as I regularly have to analyze trading activity and understand federal regulations governing commodities. However, I have had my sights on law school as I envision myself becoming a securities/derivatives lawyer working for either a large law firm or a governmental organization such as the SEC or CFTC. I have the following questions based on this long term goal:
26 Oct 2012