Eldon Tyrell wrote:
Anonymous User wrote:I'll be an SA at a V10 in a major market this summer in the corporate/transactional group. I did a 1L SA at a large firm in a secondary market last summer and although I learned a lot, the deals I worked on there were far smaller and less complicated/noteworthy. I don't have a huge business background (poli sci undergrad) but I'm taking commercial transactions and other corporate focused classes during 2L, which seem to be helping me build my base awareness of business deals.
However, I want to make sure that I don't ever feel lost when working on a deal because I'm encountering a new business concept (i.e., leveraged buyout or hostile takeover). Most of the work I'll be doing at the V10 will be private equity work and I doubt I'll touch a public deal, if that information helps.
What's the best thing I should be doing to prepare myself to hit the ground running and make sure that my business acumen is where I need/want it to be?
There's nothing you can do. You will 100% not know everything you'd like to know. Just have a good attitude and ask questions when appropriate. Also don't miss deadlines and attend social events, without gaining a reputation for being a weirdo.
All true. But you can try some reading beforehand.
Barbarians at the Gate is a must-read. Sure, they barely mention the lawyers, but an understanding of all the cool stuff happening above you helps.
I'd also start reading Dealbreaker and WSJ reasonably regularly. Maybe subscribe to Dealbook or PEwire (they're free) just to skim stuff. Or Matt Levine (Bloomberg)'s "Money Stuff". All useful, and when you don't understand something, look it up.