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Worst big law practice area for exit options
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Date: April 20th, 2016 9:14 PM Author: Charcoal irate home coldplay fan General lit? Securities lit? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314643) |
Date: April 20th, 2016 9:15 PM Author: razzmatazz base striped hyena Does BIGGOV tend to fuck up your credibility with private firms that want autonomy? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314659) |
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Date: April 20th, 2016 9:16 PM Author: Charcoal irate home coldplay fan Not sure I understand your question brother. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314670) |
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Date: April 20th, 2016 9:51 PM Author: razzmatazz base striped hyena me neither. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314998) |
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Date: April 20th, 2016 9:17 PM Author: stimulating electric furnace location Corporate/banking finance/credit agreement bullshit (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314672) |
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Date: April 20th, 2016 9:19 PM Author: Charcoal irate home coldplay fan Don't many of those inhouse jobs have a shitty QoL? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30314690) |
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Date: April 20th, 2016 9:54 PM Author: stimulating electric furnace location There aren't many inhouse jobs for specialists in that area. Lenders outsource it and borrowers get a facility/refi maybe once in 5 yrs (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315027) |
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Date: April 20th, 2016 9:53 PM Author: crimson community account cuckold http://www.jonesday.com/banking_finance/
shit like that? |
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Date: April 20th, 2016 9:56 PM Author: stimulating electric furnace location Yup- avoid. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315042) |
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Date: April 20th, 2016 11:22 PM Author: Federal sadistic spot trump supporter Explain seems like an interesting area (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315763) |
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Date: April 20th, 2016 11:24 PM Author: adulterous main people he's wrong. banks employ armies of inhouse lawyers. to say this is the worst prac area for inhouse is insane (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315775) |
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Date: April 20th, 2016 11:31 PM Author: stimulating electric furnace location not for credit agreements faggot. they employ armies for compliance, securities shit if theyre public, gen corporate, tax, but for lender side non cap mkts financing, business teams will just run their own outside counsel and have someone inhouse (who wont be someone who's only done credit agreement for the past 5 years as lawyers in that shitpracticearea do) "sign off" (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315828) |
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Date: April 20th, 2016 11:36 PM Author: Charcoal irate home coldplay fan how many associates just do credit agreements? does lending really get that focused? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315867) |
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Date: April 20th, 2016 11:37 PM Author: stimulating electric furnace location wtf have you ever stepped foot in biglaw dude? my firm has an entire FLOOR at least filled with these faggots and that and the ancillary related docs are all they do
seems to draw a lot of women and foreigners/LLMs because the repetitive nature means they can appear as experts without having to think much |
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Date: April 20th, 2016 11:42 PM Author: Charcoal irate home coldplay fan I went LS --> Clerk --> Boutique, so don't really have much exposure to true biglaw. When you put it that way, I can believe it. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315917) |
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Date: April 20th, 2016 9:52 PM Author: Insane boiling water office right now: PATENT LITIGATION. and it's not even close (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315004) |
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Date: April 21st, 2016 12:04 AM Author: 180 school (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316013) |
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Date: April 20th, 2016 10:02 PM Author: Hot Beady-eyed Selfie Hairy Legs probably bankruptcy
which is sorta BS bc bankruptcy attys tend to be pretty good generalists so should in theory be good inhouse counsel, but very few seem to be able to pull it off |
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Date: April 20th, 2016 10:06 PM Author: Magenta turdskin lol at OP trying to distinguish between subtypes of shittigation. The answer is shittigation. All of it. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315133) |
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Date: April 20th, 2016 10:08 PM Author: Charcoal irate home coldplay fan I can't think of a skill set in less demand by the private sector than SECURITIES litigation. Plus you could work on a single case for your entire career at a firm. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315159) |
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Date: April 20th, 2016 10:09 PM Author: adulterous main people You could market yourself for securities compliance inhouse gigs or some shit (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315174) |
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Date: April 20th, 2016 10:10 PM Author: Magenta turdskin Why would securities litigation be different? I'm not here to defend securities shittigation but I would think that the size of company that would have occasion to employ a full time in house shittigator (Eg banks) would have as much occasion to hire a securities shittigator as any other. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315185) |
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Date: April 20th, 2016 11:38 PM Author: Charcoal irate home coldplay fan There are just so few security cases out there and they're getting more rare. I don't think many companies have a need of in-house security litigations to ensure compliance or the like. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315879) |
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Date: April 20th, 2016 10:06 PM Author: adulterous main people How is this even a question? General litttt without a doubt. Any other practice area is real - you will become a legit subject matter expert and therefore useful to a business. General littt you don't know shit about anything except how littt works, so best possible option is maybe like insurance or some shit. Ljl (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315137) |
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Date: April 20th, 2016 10:09 PM Author: provocative startling really tough guy i think cr. if you spend time in biglaw just doing random litigation shit and don't gain any specialized experience, you bring nothing to the table but great research and memo writing skills and lots of thank emails. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315173) |
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Date: April 20th, 2016 10:14 PM Author: Magenta turdskin (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315210) |
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Date: April 20th, 2016 11:26 PM Author: vigorous pocket flask casino Former shittigator here. This is exactly why I got out. Realized my skills were basically knowing how to navigate the court system. It has no use to anyone outside of litigating. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315793) |
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Date: April 20th, 2016 11:34 PM Author: Gaped Lemon Dragon what you do now? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315854) |
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Date: April 20th, 2016 11:39 PM Author: coral slimy church There are plenty of litigation jobs in megacorp inhouse, but your job is to manage outside counsel, brief the bosses about big cases and do some bullshit trainings on the side about legal holds and attorney-client privilege. These are the people that I partially understand when they want to go back to a firm. Commercial/corporate lawyers who want to go back to a firm are invariably the worst type of sociopathic striver that didn't realize their transparent brown-nosing bullshit wouldn't help them inhouse. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315889) |
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Date: April 20th, 2016 11:41 PM Author: Aromatic Well-lubricated Bbw It seems like if you actually somewhat enjoy being a lawyer, it'd be kind of shit, agreed (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315914) |
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Date: April 20th, 2016 11:46 PM Author: coral slimy church Even if you don't it's more interesting to do something that the business is actually invested in. When you get a good result inhouse as a litigator the most you'll get out of anyone outside of legal is two seconds of "oh cool, good job" followed by them immediately forgetting what you said and going back to what they were doing. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315952) |
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Date: April 20th, 2016 10:25 PM Author: Vivacious splenetic dilemma circlehead bankruptcy (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315289) |
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Date: April 20th, 2016 11:54 PM Author: Red azn chapel bankruptcy bros who arn't retarded in math can transition into a restructuring/distressed desk somewhere in a few years. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315983) |
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Date: April 21st, 2016 2:31 PM Author: Hairraiser locus you're fucked if you don't practice in this area for around 10 years. but if you get to a higher level and actually do some supervisory work on chapter 11s, then you're valuable in PE and doing turnaround shit.
also you could just go do midlaw lit shit with a good BK background, it's just litigation on steroids. |
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Date: April 20th, 2016 10:34 PM Author: Charcoal irate home coldplay fan So consensus picks are lit and bankruptcy. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315373) |
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Date: April 20th, 2016 11:49 PM Author: fragrant ape groundbreaking! (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315966) |
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Date: April 20th, 2016 11:51 PM Author: Charcoal irate home coldplay fan Yeah wish we could have drilled into lit more. Employment seems to have better outcomes than say, white collar. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315973) |
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Date: April 20th, 2016 11:56 PM Author: Aromatic Well-lubricated Bbw Well, why not? The sense I get is the following:
Securities Lit: LJL
General Lit: LJL
Appellate: O THE HORSEPOWER GET THEE TO A COURT
Bankruptcy: Surprisingly, LJL
White-Collar/Gov't Shit: DOJ/AG, boutique, maybe inhouse compliance if something like FCPA or pharma stuff
IP Lit: PEPPAR ANGUS
Tax Controversy: Maybe IRS, probably chill boutique
Labor/Employment: Better odds for inhouse; could cop a specialized firm but lots of them look TTT
Antitrust: LJL this is like white collar but even less marketable, right?
Non-White Collar Crime: How's working at a law firm from television? |
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Date: April 21st, 2016 12:06 AM Author: Charcoal irate home coldplay fan I agree, but you're giving white-collar a lot of credit. From what I've seen, it doesn't seem like they have that much better of a shot at an AUSA gig than other lit bros, which is surprising. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316035) |
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Date: April 21st, 2016 12:16 AM Author: Federal sadistic spot trump supporter (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316092) |
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Date: April 21st, 2016 1:06 AM Author: Big national ratface lmao (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316352) |
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Date: April 21st, 2016 12:07 PM Author: Federal sadistic spot trump supporter (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30318424) |
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Date: April 21st, 2016 1:36 PM Author: fluffy orchestra pit (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319031) |
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Date: April 21st, 2016 1:38 PM Author: provocative startling really tough guy I used to work for one of the national L&E firms. They cap nonequity partners at 250k (regArdless of market) and make it almost impossible to make equity. I left a few weeks before making partner. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319040) |
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Date: April 21st, 2016 3:29 PM Author: hideous station dog poop Surprisingly C-fucking-R,
I had a classmate who was at BIGLAW, then went to Feds as a prosecutor.
They told me that L&E is the horrible b/c it bills at a lower rate than other practices, so even though you might CRUSH your hours compared to another associate, the firm is making MORE money off the other associate than you.
It really comes back to fuck you when you are competing against someone for P'ship. |
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Date: April 21st, 2016 2:09 PM Author: Arrogant Theater Headpube This is pretty accurate. I did 50% gen lit and 50% 10b5 securities lit and it was utterly useless for exit options. Securities lit is way too specialized with zero transferability in house and gen lit doesn't allow you to specialize in any industry. If I had to pick lit areas with exit options it'd be soft IP and L&E. Soft ip is obviously betrer and you can often go in house at quite desirable tech companies in SV and LA but youd have to somehow specialize in it within gen lit at biglaw (or you find an IP boutique). I did intv at some l&e firms as a lateral but they were ttts where everyone mostly went to crappy law schools and comp seemed shitty. Idea of working on exec benefits and erisa stuff also made me want to shoot myself. Had I known what I know now, I would've done IP transactional, or fund formation. Those fields have a lot of exit options but no stupid law school grad knows until it's too late. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319318) |
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Date: April 21st, 2016 6:29 PM Author: Unholy Impertinent Public Bath Yarmulke crazy how many lateral ads i'm seeing right now for 40 act lawyers (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30320924) |
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Date: April 21st, 2016 6:56 PM Author: Arrogant Theater Headpube This is essentially what I practice now but there's only a bunch of firms that have big 40 act practices (like Shulte Roth) and you have great in house options, whether to a bulge bracket asset management arm or smaller places. But general corporate is fucking useless for those jobs too. no law student knows to think about exit options when they pick a practice area. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30321142) |
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Date: April 21st, 2016 7:00 PM Author: Unholy Impertinent Public Bath Yarmulke a lot of people going into corporate have no control over what they'll specialize in. don't know whether to be glad that my practice area is in demand at firms or furious that it's not in demand in-house. but either way i can't say i exercised much agency in getting into it (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30321168) |
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Date: April 21st, 2016 2:33 PM Author: walnut bespoke hissy fit library lol came here to post appellate (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319449) |
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Date: April 21st, 2016 2:45 PM Author: motley magical athletic conference (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319548) |
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Date: July 3rd, 2017 5:00 PM Author: Salmon insanely creepy tanning salon party of the first part (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697250) |
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Date: April 20th, 2016 11:54 PM Author: Spectacular effete box office all (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30315984) |
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Date: April 21st, 2016 12:16 AM Author: Floppy Immigrant Field Environmental lit maybe? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316091) |
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Date: April 21st, 2016 12:18 AM Author: Silver University Gunner m&a is the worst contrary to popular belief (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316102) |
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Date: April 21st, 2016 12:21 AM Author: Charcoal irate home coldplay fan explain-- don't they have as good a shot at inhouse as general corporate? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316114) |
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Date: April 21st, 2016 12:24 AM Author: Silver University Gunner terrible options bro (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316128) |
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Date: April 21st, 2016 12:19 AM Author: Histrionic Nudist New Version Gaming Laptop any lit is terrible. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316104) |
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Date: April 21st, 2016 1:03 AM Author: Federal sadistic spot trump supporter (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30316344) |
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Date: April 21st, 2016 1:32 PM Author: Honey-headed Forum Don't lots of bankruptcy bros end up in special situations/distressed PE/HF? (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30318985) |
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Date: April 21st, 2016 3:13 PM Author: Federal sadistic spot trump supporter Nah (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319698) |
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Date: April 21st, 2016 3:19 PM Author: Honey-headed Forum Lol one "nah" one "explain, seems interesting" and two blank bumps very substantive contribution. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30319743) |
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Date: July 3rd, 2017 5:04 PM Author: black sickened antidepressant drug nowag Much more likely to end up at a bank fighting over Proof of Claim Notices and Payment Change Notices in TTT credit card cases than doing anything interesting at a fund. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697276) |
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Date: April 21st, 2016 2:32 PM Author: Hairraiser locus lit, of course.
you're profoundly specialized and can't do shit that you're trained for with a massive biglaw support apparatus. and chances are that you've never done anything except draft useless motions and memos for 90% of your career, so you're a fucking clown in court and don't know how to manage a case. |
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Date: April 21st, 2016 3:32 PM Author: hideous station dog poop Very true.
Lit in BIGLAW seems pointless if you never go to trial nor take any depositions. |
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Date: April 21st, 2016 5:25 PM Author: Canary haunted graveyard Conclusion: they are all worst. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30320490) |
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Date: April 21st, 2016 7:02 PM Author: Maize Internet-worthy Keepsake Machete Litigation. BK is hit or miss depending on deals done and background. Obviously a guy coming out of Weil/K&E will do better than a random v100. Securities also seems awful. Going to plug here for T&E. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#30321178) |
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Date: July 3rd, 2017 5:02 PM Author: stimulating electric furnace location depends what you want. If "exit options" means more GC cuckoldry, then pick corporate. if "exit options" means being an alpha solo who doesn't take shit from anyone, the only option is LIT (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697269) |
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Date: July 3rd, 2017 5:03 PM Author: black sickened antidepressant drug nowag LJL at shitting on litigation. 90% of why people need lawyers is litigation. Every other practice area is tiny as fuck. (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697272) |
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Date: July 3rd, 2017 5:11 PM Author: wild sienna messiness LOL @ the stupid russian chiming in on stuff he knows absolutely nothing about, just buttfucking lol (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697336) |
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Date: July 3rd, 2017 5:46 PM Author: drab parlour shitttigators have better exit options for basically every practicing attorney job, but if you want to stop practicing/leave the law altogether, a corporate background is likely better. I'm not sure if the work is any less shitty though at a bank -- read the story on James Woolery for instance: https://www.nytimes.com/2017/05/01/business/dealbook/james-c-woolery-king-spalding.html
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Date: July 3rd, 2017 5:50 PM Author: Snowy mad cow disease Oil and gas private equity (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#33697523) |
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Date: September 18th, 2020 8:16 AM Author: dashing mint chad mediation antitrust (http://www.autoadmit.com/thread.php?thread_id=3201275&forum_id=2#40939932) |