What is not boring about transactional work?

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

What is not boring about transactional work?

Postby Anonymous User » Sun Jun 19, 2011 9:55 am

Hey. I am currently 1L SAing. I am involved in an M&A transactional group. I am currently doing lots of intern-level work, which is really boring. I am sure there must be some awesome upsides to the work. What are they?

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pleasetryagain
Posts: 762
Joined: Sat Sep 06, 2008 1:04 am

Re: What is not boring about transactional work?

Postby pleasetryagain » Sun Jun 19, 2011 10:09 am

Anonymous User wrote:Hey. I am currently 1L SAing. I am involved in an M&A transactional group. I am currently doing lots of intern-level work, which is really boring. I am sure there must be some awesome upsides to the work. What are they?


models and bottles

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PKSebben
Posts: 993
Joined: Mon Jun 07, 2010 9:35 pm

Re: What is not boring about transactional work?

Postby PKSebben » Sun Jun 19, 2011 10:13 am

pleasetryagain wrote:
Anonymous User wrote:Hey. I am currently 1L SAing. I am involved in an M&A transactional group. I am currently doing lots of intern-level work, which is really boring. I am sure there must be some awesome upsides to the work. What are they?


models and bottles


the associates love the fast past, the negotiations, the rush of getting a deal done, the actual paper pushing is horrendous. Nothing worse than getting a closing binder ready during an all nighter so that it's ready before the market opens and have the deal fall through at 6:30am.

Also, there seems to sometimes be some room for creativity on how to structure deals -- right now, my friends report most of the deals are pretty vanilla, but that every blue moon you'll see a deal where ideas are just flying around. If I could swing the unpredictable hours, I'd have been super interested in transactional work. I'm trying to get a good blend of transactional IP work, IP lit, and niche commercial lit (privacy, consumer fraud).




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