Wachtell/Cravath/S&C for transition into i-banking Forum

[welkertexasranger]

LOL at v3. This is not a thing.

Thx.

[Old Gregg]

LOL at v3. This is not a thing.

Thx.

[WhirledWorld]

The V3 thing is even more hilarious because it's changed since OP's post. 2014 V3 included S&C but not Skadden. 2015 V3 now includes Skadden but not S&C.

[Old Gregg]

The V3 thing is even more hilarious because it's changed since OP's post. 2014 V3 included S&C but not Skadden. 2015 V3 now includes Skadden but not S&C.

Sucks for people working at S&C. They're basically fucked career-wise.

[2014]

Vault says STB and DPW are still career black holes. OP would certainly agree.

[El_Bee_Oh]

Skadden's probably the worst of the V5 to get into finance. No real relationships with the big banks unlike S&C/DPW and lacking the prestige of Wachtell and Cravath.

[Anonymous User]

What's the roadmap for a second year V10 M&A associate to transfer to ibanking?

[Old Gregg]

What's the roadmap for a second year V10 M&A associate to transfer to ibanking?

Have you not read this thread?

[Anonymous User]

Here's a question: let's say you successfully make "the jump" into IBD. What if you're not cut out for it (in terms of personal preference, not skill)? Could you jump back to a top firm?

[Old Gregg]

Depends more on the form and how you left the first time. I know plenty of associates who left on amicable terms for places conferring even less transferable skills who still managed to come back. Firm didn't advance them the class years, but I think that's a fair trade.

[Anonymous User]

Depends more on the form and how you left the first time. I know plenty of associates who left on amicable terms for places conferring even less transferable skills who still managed to come back. Firm didn't advance them the class years, but I think that's a fair trade.

Related question: what's an ideal amount of time to stay in big law before jumping? Or do you try to get out asap?

[Anonymous User]

Anecdotal, take for what it's worth:

Summered at S&C this year and looked at every person who had left the firm over the past 6 months (the intranet site posts announcements). When people left to finance type jobs (banks, funds, etc.) I looked them up on LinkedIn or Google to see what the story was.

Everyone I could identify (12-15 people) had either previously worked in finance, had an MBA, or took a legal/compliance job at the bank/fund. Meaning -- I couldn't find a single case where someone had left the firm to work on the business side of a bank/fund without previous relevant experience. Whether people go to banks/funds as assistant GC's and then transfer into more business-type roles, I have no idea.

of course this is a limited sample size and admittedly I don't have perfect information about each case. In any case, hope it helps.