LSBanker wrote:dabigchina wrote:Also consider the fact that if you work in transactional law you are basically the bankers bitch. You work on their schedule because their services are much more valuable to the client. A major transaction might net 5 mil for the lawyers but 20 mil for the bankers. This is a pretty good approximation of how much clients value their services
As I said in the first post, I've always had an interest in law and I don't find the idea of being a career banker very appealing. I know that at the Partner/Managing Director level, it's all based on bringing in business, but a big difference for me is that banking involves endless pitching of ridiculous half-baked ideas to clients. To give you an idea, I worked till 4AM each night of a weekend (Friday, Saturday and Sunday) working on a pitch for a state-owned foreign company to purchase a multinational US-based corporation. A freshman english major could tell you that that idea was going nowhere, but my MD insisted that we have the pitch ready for the company by 8AM on Monday. While biglaw may be a lot of bitchwork, at least everything you're doing is real work. I'm hoping that law will have (marginally) better hours and that I'll be more interested in the work.
I'm also looking at a non-NYC major market. Biglaw will always be a lot of work, but I've heard things are more relaxed in general there.
I guarantee you won't find the work first year associates do any more fulfilling. Also what about being a lawyer appeals to you? The prestige? the lay prestige law brings is pointless when everybody you hang out with is also a lawyer (see long hours).
What market are you targeting that makes you think you will be working short hours? Ohio? Michigan? Kansas? If you are thinking you can work 60 hours a week in DC, SF, LA, Chi, or Phi you're delusional.