Tax LLM at NYU

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Tax LLM at NYU

Postby Anonymous User » Wed Nov 17, 2010 12:14 am

I'm seriously considering getting and LLM in tax, and NYU seems like the one I would want to go for because i'd like to end up in New York, my questions (from least to most idiotic) are:

1. are tax LLM's really different from most others in that they actually are useful degrees?

1. How difficult is it to get into NYU, coming from a T25 law school (does school rank even matter?)

2. again, coming from a school not near NYC, will this increase my employability much/at all?

3. Will firms hire kids specifically to go into this area, or rather, will firms who specialize in tax be more interested in these LLM's rather than more generic firms where tax isn't a specialty?

4. Would an LLM from Georgetown or even UF help me break into NYC if for some reason NYU doesn't work out?

any information will be helpful, thanks!

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patrickd139
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Re: Tax LLM at NYU

Postby patrickd139 » Wed Nov 17, 2010 12:26 am

Anonymous User wrote:I'm seriously considering getting and LLM in tax, and NYU seems like the one I would want to go for because i'd like to end up in New York, my questions (from least to most idiotic) are:

1. are tax LLM's really different from most others in that they actually are useful degrees?

1. How difficult is it to get into NYU, coming from a T25 law school (does school rank even matter?)

2. again, coming from a school not near NYC, will this increase my employability much/at all?

3. Will firms hire kids specifically to go into this area, or rather, will firms who specialize in tax be more interested in these LLM's rather than more generic firms where tax isn't a specialty?

4. Would an LLM from Georgetown or even UF help me break into NYC if for some reason NYU doesn't work out?

any information will be helpful, thanks!

Disclaimer: my own cursory research (a mixture of both hard-evidence and anecdotal) forms the basis of my opinion on this. Repeat: just my opinion. I'm sure lots of people will disagree with me.

1) Qualified yes. The qualification appears to be that only NYU, GULC, and (marginally) UF are TCR.

1) (Sic? You might want to learn how to number if considering a career in tax. :wink: ) School rank doesn't appear to matter nearly as much as how you do in your tax classes. Keep in mind lots of the usual suspects (those ranked highly enough in their class to get biglaw jerbs already) aren't in competition.

2) Anecdotally, NYU at least favors geographic diversity for consideration in admissions. Will having a JD from W&M set you apart from having a JD from Fordham when it comes to landing a (presumably biglaw) job in NYC? Doubtful. Will it help you get in to NYU LLM? Anecdotally, it's at least debatable.

3) Compound question. To answer the first question: some firms do hire people with LLMs to be tax lawyers. It seems like a fairly good bet.

To answer your second question: it depends on the firm. Some firms who specialize in tax like to hire people with tax LLMs. Some prefer JD/CPA combos. Some don't care at all as long as you graduated from [insert more prestigious school than I go to here]. If it's from NYU, GULC or (maybe) UF your chances are exponentially increased.

4) Not sure about UF, but an LLM in tax from GULC with an ERISA certificate generally fares well in NYC. They fare better in other markets though (i.e. Chicago, Dallas, Miami, LA; pretty much any city other than NYC or D.C.)

Also, IB LLM Flowchart

Also, also, why is this anonymous?

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Re: Tax LLM at NYU

Postby Anonymous User » Wed Nov 17, 2010 12:28 am

hmmmm, I guess when you stick a question in at the beginning that really does effect what number the other 4 are . . . maybe accounting isn't my thing after all. But thanks for the advice!

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patrickd139
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Re: Tax LLM at NYU

Postby patrickd139 » Wed Nov 17, 2010 12:33 am

Anonymous User wrote:hmmmm, I guess when you stick a question in at the beginning that really does effect what number the other 4 are . . . maybe accounting isn't my thing after all. But thanks for the advice!

Eh, not necessarily. I was being a little bit of a douche. You could always go the IRS way and go for the "1A" to avoid having to renumber the rest of the post.

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

Re: Tax LLM at NYU

Postby Anonymous User » Wed Nov 17, 2010 1:24 am

i think i read somewhere on taxtalent.com that 30% of kids at the LLM program at NYU got biglaw/midlaw jobs or something. That is actually a decent number.

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nealric
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Re: Tax LLM at NYU

Postby nealric » Wed Nov 17, 2010 11:39 am

1. are tax LLM's really different from most others in that they actually are useful degrees?

1. How difficult is it to get into NYU, coming from a T25 law school (does school rank even matter?)

2. again, coming from a school not near NYC, will this increase my employability much/at all?

3. Will firms hire kids specifically to go into this area, or rather, will firms who specialize in tax be more interested in these LLM's rather than more generic firms where tax isn't a specialty?

4. Would an LLM from Georgetown or even UF help me break into NYC if for some reason NYU doesn't work out?

any information will be helpful, thanks!


I'm just under 4 weeks from being done with a GULC LLM.

1. LLM admissions aren't that stringent. For the most part they are cash cows for the schools. Most of the profs are adjuncts making $1,500 a semester. You will probably get into NYU unless your grades are poor. I did GULC because I was able to combine it with my GULC JD and do it with just an extra semester.

2. It may increase your employability, but it VERY much depends on your background and resume. The people who really struggle to find employment in LLM programs were people without much tax background and who had no plan for employment afterwards except for a vague hope the LLM would turn a bad situation around. For the most part, it's not going to get you biglaw unless you were on the cusp of getting it before.

3. There really aren't too many tax boutiques out there these days. The ones that exist (Ivins, Caplin & Drysdale, Miller Chevalier, Buchanan Ingersoll) as hard to get (if not harder) than biglaw.

4. Maybe, but don't bank on it. FWIW the spring OCI for tax is held jointly between NYI and GULC- so both schools have access to the same employers. That said, there is a slight preference for NYU students at that event from what I hear.

Note that I had a job going into the LLM program, so I may not be as up on the employment process as some people.




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