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Leveraged Finance Midlevel here. Just dawned on me that I don't practice law.

I pretty much move things around in commitment letters/term ...
........,,,...,,,..,,,...,........,,.,
  05/16/17
This has always bugged me. You'd think you'd have way more n...
Clairevoyant
  05/16/17
but you're not really doing anything on the business end, yo...
John Ruskin, a jolly jumbuck in a tucker bag
  05/16/17
You have to know a bunch of business concepts. Or at least ...
........,,,...,,,..,,,...,........,,.,
  05/16/17
None of it is all that complicated, imo
big dick boogie down
  05/16/17
Can you describe in more detail what kind of business concep...
....::::..::..,,....,........,..,,,,,.
  05/16/17
isn't this most lawyers?
exethereum
  05/16/17
Transactional, yeah
Clairevoyant
  05/16/17
Are you the same person as levfin pumo?
....::::..::..,,....,........,..,,,,,.
  05/16/17
No I'm a different LevFin loser.
........,,,...,,,..,,,...,........,,.,
  05/16/17
seems like 90% of being an associate in a transactional grou...
big dick boogie down
  05/16/17
Welcome to the club- I sometimes fantasize about practicing ...
longwangpoontang
  05/16/17
it's overrated
game of loans
  05/16/17
The reckoning for transactional attorneys is nigh. GC has l...
'"'''""''"
  05/16/17
Nah, there are enough lawyers in in-house roles who like fig...
..............;...................
  05/16/17
Isn't it mostly women in this practice area?
....::::..::..,,....,........,..,,,,,.
  05/16/17
It's a real turning point when you realize you are a glorifi...
Ryan Klesko
  05/16/17
The moment of reckoning came while watching a CLE with a pan...
........,,,...,,,..,,,...,........,,.,
  05/16/17
lmao
Judas Jones
  05/16/17
Why did you choose this area over others? Assuming you had t...
....::::..::..,,....,........,..,,,,,.
  05/16/17


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Date: May 16th, 2017 2:45 PM
Author: ........,,,...,,,..,,,...,........,,.,


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)



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Date: May 16th, 2017 3:26 PM
Author: Clairevoyant (Spooky!)

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: John Ruskin, a jolly jumbuck in a tucker bag (autoadmit@outlook.com)

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: ........,,,...,,,..,,,...,........,,.,


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: big dick boogie down

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: ....::::..::..,,....,........,..,,,,,.


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: exethereum

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: Clairevoyant (Spooky!)

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: ....::::..::..,,....,........,..,,,,,.


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: ........,,,...,,,..,,,...,........,,.,


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: big dick boogie down

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: longwangpoontang

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: game of loans

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: '"'''""''"


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: ..............;...................


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.

(http://www.autoadmit.com/thread.php?thread_id=3616223&forum_id=2#33319709)



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Date: May 16th, 2017 4:02 PM
Author: ....::::..::..,,....,........,..,,,,,.


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: Ryan Klesko

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: ........,,,...,,,..,,,...,........,,.,


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: Judas Jones

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: ....::::..::..,,....,........,..,,,,,.


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)