Big Law vs. Investment Banking

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Anonymous User
Posts: 273183
Joined: Tue Aug 11, 2009 9:32 am

Re: Big Law vs. Investment Banking

Postby Anonymous User » Mon Jul 18, 2011 4:31 pm

Quit biglaw --> go work for a commodities trader/hedge fund --> get bought by a big bank --> become CEO --> profit!

splitmuch
Posts: 968
Joined: Sat Feb 19, 2011 2:27 pm

Re: Big Law vs. Investment Banking

Postby splitmuch » Tue Jul 19, 2011 7:53 pm

ruski wrote:the only bankers i know in law school either got laid off or came from no-name shops where they weren't doing anything substantive but only pitching/marketing work. this is not the "banking" that most people think of as those pple are not making bank and their exit options are limited. i am highly skeptical of anyone going from a bulge bracket to law school. if anyone has heard of someone i would be very interested to hear why.

any by bankers going to law school, i hope you mean actual investment bankers. not kids who worked in goldman sach's operations dept.



The bolded proves you know nothing about investment banking. Making pitchbooks is to analyst positions what doc review is to first year law assosciates. It a shitty non stimulating (though doc review would be worse than pitchbooks IMO) task that makes up the majority of your work. Its called paying your dues and everyone does it, even the kids starting at goldman. If you are asking do managing directors or other advanced positions go to law school? No. But do law partners become bankers? I figure the lawyers who become bankers are almost exclusively corporate transactional attorneys who don't make partner so go get their MBA. Just like some analysts (and to a lesser degree, assosciates) who decide to go to law school.




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