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NYU JD/LLM for non-tax attorney

Posted: Wed Aug 02, 2017 9:17 am
by corporatemandaorbust
All,

NYU has a JD/LLM program in 3.5 years. If one wanted to be a corporate attorney, would this be a useful degree as tax matters are important in structuring deals. Thoughts?

Re: NYU JD/LLM for non-tax attorney

Posted: Wed Aug 02, 2017 9:36 am
by cavalier1138
Tax is generally its own thing, and I've never heard of a Tax LLM being useful outside of that specific practice field. Just take a tax course in school if you want to get some background in it before graduation.

Re: NYU JD/LLM for non-tax attorney

Posted: Wed Aug 02, 2017 9:48 am
by BuddyHoller
The tax llm is often for people going into accounting or biglaw tax-centric practices. Moreover, if you want to take some advanced tax courses, like corporate tax or property transactions, there is no reason you can't do so over three years.

Re: NYU JD/LLM for non-tax attorney

Posted: Wed Aug 02, 2017 12:41 pm
by corporatemandaorbust
BuddyHoller wrote:The tax llm is often for people going into accounting or biglaw tax-centric practices. Moreover, if you want to take some advanced tax courses, like corporate tax or property transactions, there is no reason you can't do so over three years.


I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.

Re: NYU JD/LLM for non-tax attorney

Posted: Wed Aug 02, 2017 3:01 pm
by cavalier1138
corporatemandaorbust wrote:I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.


You seem to be under the mistaken impression that a) LLMs get access to a wide variety of tax classes that JDs don't and b) law school classes will somehow be valuable in practice. Just take advanced tax classes if you find it interesting, but most lawyers will tell you that everyone pretty much learns all the relevant skills on the job.

Re: NYU JD/LLM for non-tax attorney

Posted: Fri Aug 04, 2017 1:40 am
by lavarman84
cavalier1138 wrote:
corporatemandaorbust wrote:I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.


You seem to be under the mistaken impression that a) LLMs get access to a wide variety of tax classes that JDs don't and b) law school classes will somehow be valuable in practice. Just take advanced tax classes if you find it interesting, but most lawyers will tell you that everyone pretty much learns all the relevant skills on the job.


Tax is different in that regard. That's why tax LLMs are actually valued. Regardless, I agree that OP shouldn't do a LLM if he/she wants to do corporate.

Re: NYU JD/LLM for non-tax attorney

Posted: Sun Aug 06, 2017 3:49 pm
by corporatemandaorbust
lavarman84 wrote:
cavalier1138 wrote:
corporatemandaorbust wrote:I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.


You seem to be under the mistaken impression that a) LLMs get access to a wide variety of tax classes that JDs don't and b) law school classes will somehow be valuable in practice. Just take advanced tax classes if you find it interesting, but most lawyers will tell you that everyone pretty much learns all the relevant skills on the job.


Tax is different in that regard. That's why tax LLMs are actually valued. Regardless, I agree that OP shouldn't do a LLM if he/she wants to do corporate.


Right, but as you said Tax LLM is different. If one only has to stay an extra semester to get the LLM, it may pay dividends over the long-run as tax implications drive a lot of what corporate attorneys do

Re: NYU JD/LLM for non-tax attorney

Posted: Sun Aug 06, 2017 4:02 pm
by cavalier1138
corporatemandaorbust wrote:
lavarman84 wrote:
cavalier1138 wrote:
corporatemandaorbust wrote:I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.


You seem to be under the mistaken impression that a) LLMs get access to a wide variety of tax classes that JDs don't and b) law school classes will somehow be valuable in practice. Just take advanced tax classes if you find it interesting, but most lawyers will tell you that everyone pretty much learns all the relevant skills on the job.


Tax is different in that regard. That's why tax LLMs are actually valued. Regardless, I agree that OP shouldn't do a LLM if he/she wants to do corporate.


Right, but as you said Tax LLM is different. If one only has to stay an extra semester to get the LLM, it may pay dividends over the long-run as tax implications drive a lot of what corporate attorneys do


But again, Tax LLMs are different specifically because they're valuable for tax attorneys. I've never heard of anyone finding them valuable as a generalist.

Re: NYU JD/LLM for non-tax attorney

Posted: Sun Aug 06, 2017 4:04 pm
by lavarman84
corporatemandaorbust wrote:
lavarman84 wrote:
cavalier1138 wrote:
corporatemandaorbust wrote:I understand the main reason people get it, but there is much more to learn than just simple tax classes that could be useful. Was just wondering if corporate practices would value the extra knowledge.


You seem to be under the mistaken impression that a) LLMs get access to a wide variety of tax classes that JDs don't and b) law school classes will somehow be valuable in practice. Just take advanced tax classes if you find it interesting, but most lawyers will tell you that everyone pretty much learns all the relevant skills on the job.


Tax is different in that regard. That's why tax LLMs are actually valued. Regardless, I agree that OP shouldn't do a LLM if he/she wants to do corporate.


Right, but as you said Tax LLM is different. If one only has to stay an extra semester to get the LLM, it may pay dividends over the long-run as tax implications drive a lot of what corporate attorneys do


What I'm telling you is that it will be an uphill battle convincing firms to put you into corporate with a tax LLM. Tax LLM hiring is geared towards working in tax. Accordingly, if you want to work in a corporate department, I recommend you have a standing offer from a firm going into the LLM. And the firm may tell you that it's pointless to pursue a LLM. Basically, electing to do this at the outset of law school is a weird choice. While a tax LLM offers utility, it's also a strong signalling mechanism. It's going to signal to firms that you want to work in tax.

Re: NYU JD/LLM for non-tax attorney

Posted: Sun Aug 06, 2017 4:12 pm
by BlendedUnicorn
Don't do this. Whatever marginal benefits you gain from the LLM will be more than offset by the extra half year throwing you off the normal recruiting cycle to go with whatever real and opportunity costs are involved.