Risk of a layoff inhouse?
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Date: October 21st, 2014 3:21 PM Author: glittery sound barrier
Bros,
How realistic is it of a risk that an inhouse job may be eliminated due to a merger or acquisition.
Typically, how much time do they give you to find another job?
I have roughly 2.5 years of "regional biglaw" experience.
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26559992) |
Date: October 21st, 2014 3:27 PM Author: impertinent stage useless brakes
It's a big risk if you're on the target side, especially if you're transactional, securities or some other type of corp and will be redundant. You're a bit safer if you're in with a business line, but after integration you'll probably be on your ass.
As to how much time...the time between closing and 9 a.m. the next day. It's no secret.
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560019) |
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Date: October 21st, 2014 3:35 PM Author: glittery sound barrier
Im sure often you are aware of the transaction before hand usually a couple of months right?
They will lay you off right after the merger or acquisition?
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560057)
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Date: October 21st, 2014 4:21 PM Author: glittery sound barrier
I'm trying to evaluate that risk going inhouse vs staying at my law firm for another year before leaving.
If I get axed, will it suck a lot more for someone who only has 2.5 years of law experience vs someone that might have 3 or 4 years?
Any risk that if the GC gets replaced the whole staff might get replaced?
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560330) |
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Date: October 21st, 2014 5:13 PM Author: elite marvelous toaster
it's basically impossible to assess the risk unless you know what type of company this is and how realistic they are a target for an acquisition. for instance, you didn't say if they're a public or private company. i work at a private company and they are at a higher risk for being acquired than a public one. that is just one of many factors.
i can say that w/o knowing more, if you have 2.5 years of law firm experience and 1.5 of in-house, you will be a lot more desirable for another in-house position than 4 years of law firm experience. you will not be able to go back to a firm after you leave though.
also, it's more likely that you'll get "the talk" by the law firm before you land another in-house position than you being out on the streets b/c your company was acquired.
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560638) |
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Date: October 21st, 2014 5:20 PM Author: glittery sound barrier
Nutella,
Do you have a throwaway email I could contact you with?
Thanks!
(http://www.autoadmit.com/thread.php?thread_id=2705911&forum_id=2#26560693) |
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