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Leveraged Finance Midlevel here. Just dawned on me that I don't practice law.
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Date: May 16th, 2017 2:45 PM Author: rough-skinned appetizing center I pretty much move things around in commitment letters/term sheets and know what the business ideas mean and how they need to be incorporated into the credit documents. And then I scramble around to get a bunch of tasks done that are needed to close. Anyone with a BA/BS could do 99.99% of my job (and the partners' jobs too). (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319032) |
Date: May 16th, 2017 3:26 PM Author: Fiercely-loyal twinkling uncleanness This has always bugged me. You'd think you'd have way more nonlaw exit opps in this practice, but you're still a "lawyer" (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319390) |
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Date: May 16th, 2017 3:38 PM Author: French galvanic business firm but you're not really doing anything on the business end, you're just working on the docs. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319488) |
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Date: May 16th, 2017 4:41 PM Author: rough-skinned appetizing center You have to know a bunch of business concepts. Or at least you should. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319986) |
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Date: May 16th, 2017 4:42 PM Author: drab cracking garrison None of it is all that complicated, imo (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319997) |
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Date: May 16th, 2017 5:01 PM Author: Marvelous theatre turdskin Can you describe in more detail what kind of business concepts you have to know? (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33320154) |
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Date: May 16th, 2017 3:26 PM Author: razzle-dazzle generalized bond boiling water isn't this most lawyers? (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319393) |
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Date: May 16th, 2017 3:27 PM Author: Fiercely-loyal twinkling uncleanness Transactional, yeah (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319398) |
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Date: May 16th, 2017 3:28 PM Author: Marvelous theatre turdskin Are you the same person as levfin pumo? (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319407) |
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Date: May 16th, 2017 4:37 PM Author: rough-skinned appetizing center No I'm a different LevFin loser. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319943) |
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Date: May 16th, 2017 3:29 PM Author: drab cracking garrison seems like 90% of being an associate in a transactional group is just figuring out how to get from point A to point B. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319416) |
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Date: May 16th, 2017 3:32 PM Author: Boyish Dopamine Field Welcome to the club- I sometimes fantasize about practicing real law (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319449) |
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Date: May 16th, 2017 4:42 PM Author: Charcoal jew market it's overrated (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319996) |
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Date: May 16th, 2017 3:46 PM Author: Bronze Gas Station The reckoning for transactional attorneys is nigh. GC has learnt that the majority of our time is spent copy/pasting and filling in blanks and that a computer can do all that much faster than humans. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319552) |
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Date: May 16th, 2017 4:05 PM Author: maniacal old irish cottage Nah, there are enough lawyers in in-house roles who like fighting about commas to justify their positions.
Also, the day of reckoning already came for transactional attorneys. People used to get paid a shitton of money to do redlines and other basic tasks that take four seconds.
Now transactional attorneys are basically paid to be one of the few people who read the most boring docs ever. A computer can't check itself and no one will trust it to for decades. |
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Date: May 16th, 2017 4:02 PM Author: Marvelous theatre turdskin Isn't it mostly women in this practice area? (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319684) |
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Date: May 16th, 2017 4:33 PM Author: Cocky godawful office It's a real turning point when you realize you are a glorified secretary. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319907) |
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Date: May 16th, 2017 4:40 PM Author: rough-skinned appetizing center The moment of reckoning came while watching a CLE with a panel of partners at the highest end of the practice who basically just talked about how savvy they are in knowing how deals work, what's market and why certain business terms are being used in the documents. It was depressing as fuck. (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319980) |
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Date: May 16th, 2017 4:42 PM Author: navy base lmao (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319991) |
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Date: May 16th, 2017 5:11 PM Author: Marvelous theatre turdskin Why did you choose this area over others? Assuming you had to practice law, what group would you choose (http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33320244) |