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If you had to choose an area of transactional biglaw today, which would it be?
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Date: May 30th, 2018 11:06 AM Author: Filthy Gay Area Suppose you're a summer right now working at a firm that runs the gamut (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151235) |
Date: May 30th, 2018 11:07 AM Author: Harsh Galvanic Field Antitrust (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151244) |
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Date: May 30th, 2018 11:10 AM Author: Filthy Gay Area Is that transactional? (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151268) |
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Date: May 30th, 2018 1:18 PM Author: beady-eyed corner Yes and no. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152167) |
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Date: May 30th, 2018 1:19 PM Author: Filthy Gay Area What’s the typical work product in antitrust transactional practice (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152171) |
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Date: May 30th, 2018 1:20 PM Author: fluffy hell HSR approval-getting (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152175) |
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Date: May 30th, 2018 1:21 PM Author: beady-eyed corner Document review. But if you’re an antitrust baller you can cop government gigs or even GC for highly regulated industries. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152184) |
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Date: May 30th, 2018 4:09 PM Author: Navy state doctorate lol turd (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153568) |
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Date: May 30th, 2018 5:29 PM Author: Harsh Galvanic Field The inhouse bros at my inhouse company seem to be really well respected and they don't work a lot (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36154166) |
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Date: May 30th, 2018 11:08 AM Author: mustard lascivious orchestra pit Bankruptcy (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151247) |
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Date: May 31st, 2018 1:56 AM Author: Mildly Autistic Point Multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156970) |
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Date: May 30th, 2018 11:18 AM Author: Comical Regret Den NOT M&A (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151322) |
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Date: May 30th, 2018 12:26 PM Author: Filthy Gay Area Explain. Isn’t that best for Inhouse ? (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36151862) |
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Date: May 30th, 2018 1:20 PM Author: beady-eyed corner I remember a biglaw partner once explaining TO THE ASSOCIATES that the model needs things that SCALE like M&A and litigation, i.e., require the most fungible billing units. But if you’re the one ERISA guy you don’t scale and they always need an ERISA guy. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152180) |
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Date: May 30th, 2018 12:26 PM Author: Federal iridescent menage startup/vc licensing/tech trans tax if you can stomach it |
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Date: May 30th, 2018 3:33 PM Author: Clear crotch cr list, also in order of most- to least-palatable (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153198) |
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Date: May 30th, 2018 4:42 PM Author: Canary center Dealing with startups sounds horrible.
I imagine it's pumping out form documents for some of the most obnoxious, cost-conscious clients in existence. |
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Date: May 30th, 2018 4:43 PM Author: Filthy Gay Area Yeah but if you can work for a client and get equity it's worth it (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153813) |
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Date: May 31st, 2018 1:56 AM Author: Mildly Autistic Point Multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156975) |
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Date: May 30th, 2018 1:11 PM Author: fluffy hell if i had to biglaw all over again, id choose tax or trusts/estates. i would not choose corporate and any of its subgroups. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152117) |
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Date: May 30th, 2018 1:12 PM Author: aromatic chocolate business firm capital markets. Would do it for a year and lateral to banking (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152128) |
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Date: May 30th, 2018 1:18 PM Author: Filthy Gay Area (Jjc) (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152163) |
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Date: May 30th, 2018 1:21 PM Author: aromatic chocolate business firm (loser) (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152182) |
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Date: May 30th, 2018 1:53 PM Author: Maniacal range keepsake machete (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152416) |
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Date: May 30th, 2018 1:22 PM Author: beady-eyed corner Bankruptcy. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152196) |
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Date: May 30th, 2018 1:27 PM Author: Filthy Gay Area Lol no. The fire drills of M&A with the exit options of lit. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152224) |
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Date: May 30th, 2018 3:56 PM Author: Vigorous Cyan Puppy Clown (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153419) |
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Date: May 30th, 2018 4:10 PM Author: Khaki Passionate Theater Stage Round Eye (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153574) |
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Date: May 30th, 2018 1:37 PM Author: Motley Flesh Forum Tech transactions or fund formation. Also 40 act work if you work at a firm that has it.
This is if you want to maximize $$ for in house options.
M&a useless, cap markets useless, whoever said antitrust above just lol. |
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Date: May 30th, 2018 1:46 PM Author: Filthy Gay Area I’ve done some fund formation work and it’s god awful. Might be the gayest practice area in biglaw. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152357) |
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Date: May 30th, 2018 4:03 PM Author: Motley Flesh Forum All biglaw work is godawful, just a matter of degree. Fund formation is dry but not as bad hours and easy to understand once you’ve done a few. Master feeders aren’t that complicated. Gotta make sacrifices if you want the best exit options coming out. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153500) |
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Date: May 30th, 2018 4:19 PM Author: Filthy Gay Area Yeah but there’s something about funds work that attracts women and gays (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153648) |
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Date: May 30th, 2018 4:58 PM Author: Motley Flesh Forum Better lifestyle is not a bad thing. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153929) |
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Date: May 30th, 2018 5:00 PM Author: Filthy Gay Area Can u post in my other thread
http://www.xoxohth.com/thread.php?thread_id=3983888&mc=26&forum_id=2 |
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Date: May 31st, 2018 1:51 AM Author: Stirring Light Church having done both fund formation and m&a, I will tell you that funds work is a best of times/worst of times practice.
At its best, you do get a shitload of negotiation experience because you have a million LP's in the mix. The stuff may seem rote but drafting wise, it isn't that different from m&a - some novel stuff does pop up and you have to be crafty. You also really get to know the client well because they may shop around and use a variety of firms for deals but typically just one firm for the funds work.
At its worst though it can be really bad. A lot of it is organization dependent and can really be the opposite of "lifestyle" when three or four fundraisers are hitting at the same time. The subscription book/investor chasing process is worse than due diligence but you can escape it relatively quickly.
It is probably as close as one can get to really being an old school corporate lawyer that gets to advise on a variety of shit because employment issues pop up a lot, IP issues pop up and plenty of regulatory issues pop up and you kind of need to be able to speak to all of it (specialists come in plenty but mainly tax). It's also sometimes paper pushing heavy par excellence which can be very crushing.
M&A seems sexier but really isn't terribly different. Still working off forms and precedent, but the negotiations are more combative because folks can give on things more and funds stuff gets pretty static after not too long. First time funds are the most enjoyable. Beig on the LP side sucks.
My v5 had rotations so you could do a little of each which is how it used to be a decade ago and is probably the most enjoyable way to do it. I guess m&a can crush weekends and holidays but fundraises certainly have the power to do the same. There are a handful of firms that do both well and that's the best spot to be in, I think. |
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Date: May 30th, 2018 1:50 PM Author: Harsh Galvanic Field Lots of low level tech transactions attorneys at inhouse (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152394) |
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Date: May 30th, 2018 4:05 PM Author: Motley Flesh Forum Low level in house is a lot better than zero exit options. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153511) |
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Date: May 30th, 2018 11:46 PM Author: razzle-dazzle internal respiration base (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156602) |
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Date: May 31st, 2018 12:40 AM Author: Filthy Gay Area Good to get confirmation of Nutella’s post from a low level Inhouse Guy (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156805) |
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Date: May 31st, 2018 10:34 AM Author: razzle-dazzle internal respiration base *tips hat*
Seriously, it gets much worse than this. |
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Date: May 30th, 2018 1:52 PM Author: aromatic chocolate business firm Lots of good $400-600k options for slavecucks (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152409) |
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Date: May 30th, 2018 1:54 PM Author: Sticky Party Of The First Part quick suicide (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152421) |
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Date: May 30th, 2018 2:15 PM Author: Coiffed bateful locale skinny woman (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152538) |
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Date: May 30th, 2018 2:11 PM Author: Out-of-control up-to-no-good old irish cottage Dear god just not finance.
I’d go M&A or 40 act. Fund formation is a good area but a little killself inducing (all of big law is that, though) |
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Date: May 30th, 2018 2:13 PM Author: Filthy Gay Area Reviewing side letter requests, updating ppms for Fund VII, it’s all super gay (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152525) |
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Date: May 30th, 2018 2:15 PM Author: Out-of-control up-to-no-good old irish cottage Only thing good about tranny stuff are the exit options imho. The only thing good about litigation is the scholarship. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152533) |
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Date: May 30th, 2018 2:20 PM Author: Filthy Gay Area Aren’t you in fedgov? At least litbros have a better chance at going fedgov (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152573) |
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Date: May 30th, 2018 2:23 PM Author: Out-of-control up-to-no-good old irish cottage I am in fedgov.
There are more openings for litmos in big fed but probably less opportunity? Like virtually all litmos in biglaw want bigfed (or get pushed out and need it) while trannies have better private sector options so it seems like there is less competition for the smaller number of tranny openings. |
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Date: May 30th, 2018 2:25 PM Author: Filthy Gay Area You were in finance right. Did any of your finance experience transfer over to your fed job? (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152618) |
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Date: May 30th, 2018 2:32 PM Author: Out-of-control up-to-no-good old irish cottage Not a pure finance but worked with them a lot.
There is some shit that transfers over - disclaimers, knowing how certain terms should work, autistic margins kind of shit, but like 80% of what I do has nothing to do with my former life in biglaw. |
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Date: May 30th, 2018 2:34 PM Author: Filthy Gay Area 180 brother (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152690) |
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Date: May 30th, 2018 2:27 PM Author: fluffy hell fund formation is particularly bitchmade even for law. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152626) |
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Date: May 30th, 2018 3:02 PM Author: Irradiated Library People Who Are Hurt is "transactional" anything that's not litigation? (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36152941) |
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Date: May 30th, 2018 9:23 PM Author: smoky heady incel also not real estate...mostly has to do with deals, financing...collateral for large purchases etc (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36155570) |
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Date: May 31st, 2018 10:44 AM Author: spectacular irate juggernaut How is real estate not transactional? Ever heard of the art of the deal? Do you actually mean corporate? (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36158117) |
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Date: May 30th, 2018 3:12 PM Author: aqua arousing idea he suggested Tax (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153028) |
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Date: May 30th, 2018 3:13 PM Author: Filthy Gay Area Now assume you don’t want to be an incel forever (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153040) |
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Date: May 30th, 2018 3:21 PM Author: fluffy hell you're clearly a naive law student if you think this (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153096) |
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Date: May 30th, 2018 3:22 PM Author: Blue Plaza something regulatory like healthcare so you can go in-house ASAP (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153108) |
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Date: May 30th, 2018 3:57 PM Author: Vigorous Cyan Puppy Clown tech transactions, ip trans type shit. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153436) |
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Date: May 30th, 2018 4:00 PM Author: Harsh Galvanic Field It's not as glamorous as you think (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153460) |
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Date: May 30th, 2018 4:11 PM Author: Khaki Passionate Theater Stage Round Eye seems like there are decent in house options for that type of work though (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153583) |
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Date: May 30th, 2018 4:15 PM Author: fluffy hell for low-level corporate counsel shit yeah -- most companies these days have thousands upon thousands of software license agreements, TOUs, privacy policies, etc from vendors to review. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153617) |
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Date: May 30th, 2018 4:37 PM Author: Vigorous Cyan Puppy Clown oh i never said it was, but best combination of a tolerable life and an inhouse job which are really the only 2 considerations for sane people going into biglaw (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153779) |
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Date: May 30th, 2018 4:40 PM Author: Khaki Passionate Theater Stage Round Eye (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153793) |
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Date: May 30th, 2018 4:42 PM Author: Clear crotch Does it exist outside of SV? I wasn't really aware of it before moving here. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153804) |
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Date: May 30th, 2018 11:10 PM Author: Federal iridescent menage yes. every company needs contracts/licensing of some sort done (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156341) |
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Date: May 30th, 2018 11:23 PM Author: Vibrant Grizzly Native Yeah. But you won't make more than like 150 at most places (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156436) |
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Date: May 31st, 2018 10:18 AM Author: Stirring Light Church (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36157962) |
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Date: May 30th, 2018 4:09 PM Author: jade drunken church building trump supporter been tranny all my life, never heard of "tech transactions" (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153566) |
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Date: May 30th, 2018 4:36 PM Author: Clear crotch License agreements and tech-heavy M&A. Good for in-house, particularly in SV. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153772) |
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Date: May 30th, 2018 4:38 PM Author: Filthy Gay Area What are usually the key deal points in a license agreement (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153782) |
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Date: May 30th, 2018 4:40 PM Author: Clear crotch Not my area of expertise, thankfully. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153800) |
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Date: May 30th, 2018 4:44 PM Author: Harsh Galvanic Field License rights/restrictions, IP, data privacy, information security (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153823) |
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Date: May 30th, 2018 11:25 PM Author: Vibrant Grizzly Native Generally indemnification stuff, limitation of liability, compliance type shit, business continuity plans, privacy stuff and confidentiality, access rights for third parties, publicity. All kinds of stuff. Just depends on the type of IP (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156448) |
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Date: May 30th, 2018 4:39 PM Author: Vigorous Cyan Puppy Clown ntellectual property portfolios, strategic sourcing, cloud computing, IT infrastructure, data protection, and cybersecurity
boring shit but at least you build a "niche" that is likely to keep you employed and somewhat desirable which in turn lets you go through cycles of slacking off and bouncing to another job.
this is all that we can ask for in this sps world |
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Date: May 30th, 2018 11:31 PM Author: talented green national Also satisfaction of ensuring enterprises secure cloud based solutions that scale with their needs (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156505) |
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Date: May 30th, 2018 4:57 PM Author: Motley Flesh Forum They often advise the core practice groups like M&A and bankruptcy on all IP/tech aspects of any deal. Works very much like tax or ERISA/labor groups in that way. Increasingly there is a separate sub group that focuses solely on data privacy and info security. Lots of lawyers in house needed in those areas as companies have entire teams dedicated to implementing GDPR or whatever latest legislation is rolling out. Hours are not as bad as the core corporate groups. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153921) |
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Date: May 30th, 2018 5:44 PM Author: Federal iridescent menage (not a tech guy (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36154254) |
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Date: May 31st, 2018 12:42 AM Author: razzle-dazzle internal respiration base (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156807) |
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Date: May 30th, 2018 4:40 PM Author: Canary center Space procurement. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153797) |
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Date: May 31st, 2018 10:25 AM Author: trip coral nursing home (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36157989) |
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Date: May 30th, 2018 4:59 PM Author: bistre soul-stirring legal warrant deer antler Pretty sure XO consensus is that 144A is only cr (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153939) |
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Date: May 30th, 2018 5:05 PM Author: electric spot depressive Aviation finance - nice and routine (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36153983) |
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Date: May 30th, 2018 9:15 PM Author: Overrated low-t step-uncle's house Tech transactions and whatever gets you generic “negotiating/drafting” experience that most in-house jobs want. I imagine some VC/Emerging practices are like this if you’re just doing a little of everything for a company.
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Date: May 30th, 2018 11:12 PM Author: trip coral nursing home Rap Law (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156348) |
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Date: May 30th, 2018 11:17 PM Author: Vibrant Grizzly Native Do something with formations and corporate governance/securities. General commercial tranny shit is so easy to pickup. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156390) |
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Date: May 30th, 2018 11:45 PM Author: razzle-dazzle internal respiration base Of the common shit, definitely tech trans. (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156598) |
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Date: May 31st, 2018 1:57 AM Author: Mildly Autistic Point Multi-billionaire (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36156977) |
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Date: May 31st, 2018 1:59 AM Author: Stirring Light Church I think tax and real estate seem terrible if you want the other end of the spectrum.
Tax doesn't actually run anything. RE has a slew of just inane shit. |
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Date: May 31st, 2018 10:39 AM Author: Exhilarant space indirect expression Why would you want to run anything? Us Tax bros just advise on your issues on conference calls and maybe in an email or some redlines or two and then go home. None of the responsibility (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36158091) |
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Date: May 31st, 2018 1:21 PM Author: Filthy Gay Area Alpha males want to quarterback the deal (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36159065) |
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Date: June 3rd, 2018 11:16 AM Author: Magenta school cafeteria love of her life ljl (http://www.autoadmit.com/thread.php?thread_id=3989684&forum_id=2#36175546) |