BigLaw exit options

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

BigLaw exit options

Postby Anonymous User » Sun Oct 16, 2011 7:11 pm

What are the dynamics of BigLaw exit options?

To the extent that it's possible ITE, what sort of timing is ideal? i.e. how are exit options different for junior, midlevel, and senior associates? What are the best/most profitable/riskiest/most likely/most difficult scenarios? How does your practice area and firm reputation impact exit options? Is it a maxim that transactional assoc. go in-house and litigation assoc. continue to litigate, or is it more flexible than that? i.e.:

(1) lateral to a similar BigLaw firm
(2) go to a smaller/plaintiffs firm
(3) in-house to a larger, established corporation
(4) in-house to a smaller, pre-IPO corporation
(5) USAO or other government
(6) clerkship in federal or state court

nervous1
Posts: 33
Joined: Tue Jun 09, 2009 11:17 pm

Re: BigLaw exit options

Postby nervous1 » Sun Oct 16, 2011 7:28 pm

This topic has been beat to death.

My goal is to make more than a first year associate wherever go - litigation or corporate work.

I don't believe my goal is easy.

Such is the life of the BigLaw lawyer. You make a lot when you are young, and then 50% paycut unless you make partner.

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tfer2222
Posts: 358
Joined: Fri Jun 24, 2011 9:20 pm

Re: BigLaw exit options

Postby tfer2222 » Sun Oct 16, 2011 8:03 pm

nervous1 wrote:This topic has been beat to death.

My goal is to make more than a first year associate wherever go - litigation or corporate work.

I don't believe my goal is easy.

Such is the life of the BigLaw lawyer. You make a lot when you are young, and then 50% paycut unless you make partner.


I just want to pay off my debt as fast as possible (without living like a total peasant), and then ride the biglaw the train for as long as I can stand it.

sebastian0622
Posts: 276
Joined: Fri Feb 26, 2010 10:30 pm

Re: BigLaw exit options

Postby sebastian0622 » Sun Oct 16, 2011 10:11 pm

tfer2222 wrote:
nervous1 wrote:This topic has been beat to death.

My goal is to make more than a first year associate wherever go - litigation or corporate work.

I don't believe my goal is easy.

Such is the life of the BigLaw lawyer. You make a lot when you are young, and then 50% paycut unless you make partner.


I just want to pay off my debt as fast as possible (without living like a total peasant), and then ride the biglaw the train for as long as I can stand it.


I think that's what most people want to do. The problem comes in when "as long as [you] can stand it" turns out to be like 17 days. :)




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